13,474 Shares in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC acquired a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 13,474 shares of the real estate investment trust's stock, valued at approximately $693,000.

Other institutional investors also recently made changes to their positions in the company. Lasalle Investment Management Securities LLC raised its holdings in Gaming and Leisure Properties by 1.5% in the first quarter. Lasalle Investment Management Securities LLC now owns 1,479,756 shares of the real estate investment trust's stock valued at $68,172,000 after acquiring an additional 21,667 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of Gaming and Leisure Properties in the 2nd quarter valued at about $3,165,000. Caxton Associates LP lifted its position in shares of Gaming and Leisure Properties by 72.5% during the first quarter. Caxton Associates LP now owns 24,282 shares of the real estate investment trust's stock worth $1,119,000 after purchasing an additional 10,209 shares during the last quarter. Lazard Asset Management LLC grew its stake in Gaming and Leisure Properties by 5.0% in the first quarter. Lazard Asset Management LLC now owns 239,225 shares of the real estate investment trust's stock worth $11,020,000 after purchasing an additional 11,387 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Gaming and Leisure Properties by 63.1% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 51,991 shares of the real estate investment trust's stock worth $2,351,000 after purchasing an additional 20,111 shares in the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Desiree A. Burke sold 12,973 shares of the business's stock in a transaction on Friday, August 30th. The stock was sold at an average price of $52.02, for a total transaction of $674,855.46. Following the sale, the chief financial officer now directly owns 108,073 shares of the company's stock, valued at $5,621,957.46. The trade was a 10.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director E Scott Urdang sold 3,000 shares of the business's stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $50.39, for a total value of $151,170.00. Following the sale, the director now owns 146,800 shares in the company, valued at approximately $7,397,252. The trade was a 2.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,858 shares of company stock worth $1,171,377 over the last 90 days. 4.37% of the stock is currently owned by company insiders.

Gaming and Leisure Properties Stock Performance

GLPI stock traded up $0.36 on Monday, reaching $51.28. The company's stock had a trading volume of 1,882,252 shares, compared to its average volume of 1,313,752. Gaming and Leisure Properties, Inc. has a 52 week low of $41.80 and a 52 week high of $52.60. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. The company has a market capitalization of $14.07 billion, a P/E ratio of 17.93, a price-to-earnings-growth ratio of 2.16 and a beta of 0.99. The firm has a fifty day moving average of $50.56 and a two-hundred day moving average of $48.51.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.25). The business had revenue of $385.34 million for the quarter, compared to analyst estimates of $385.09 million. Gaming and Leisure Properties had a net margin of 51.93% and a return on equity of 17.31%. Gaming and Leisure Properties's revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the business posted $0.92 earnings per share. As a group, analysts predict that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 5.93%. The ex-dividend date of this dividend was Friday, September 13th. Gaming and Leisure Properties's dividend payout ratio (DPR) is presently 106.29%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $52.00 target price (up previously from $51.00) on shares of Gaming and Leisure Properties in a report on Tuesday, October 1st. Raymond James raised their price objective on Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 21st. Royal Bank of Canada boosted their target price on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an "outperform" rating in a research note on Monday, July 29th. StockNews.com cut shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating in a report on Monday, October 28th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a "hold" rating to a "buy" rating and lifted their price target for the company from $49.00 to $54.00 in a report on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $52.96.

Gaming and Leisure Properties Profile

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.