Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Acquired by Versor Investments LP

Versor Investments LP lifted its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 109.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,732 shares of the real estate investment trust's stock after purchasing an additional 21,800 shares during the period. Versor Investments LP's holdings in Gaming and Leisure Properties were worth $2,147,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new stake in Gaming and Leisure Properties in the third quarter valued at approximately $3,215,000. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Gaming and Leisure Properties in the 3rd quarter valued at $217,000. Atria Investments Inc lifted its position in shares of Gaming and Leisure Properties by 16.0% during the 3rd quarter. Atria Investments Inc now owns 19,668 shares of the real estate investment trust's stock worth $1,012,000 after purchasing an additional 2,710 shares during the last quarter. Assetmark Inc. grew its stake in shares of Gaming and Leisure Properties by 2,547.6% during the third quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 535 shares in the last quarter. Finally, QRG Capital Management Inc. grew its stake in shares of Gaming and Leisure Properties by 11.7% during the third quarter. QRG Capital Management Inc. now owns 147,299 shares of the real estate investment trust's stock worth $7,579,000 after purchasing an additional 15,428 shares in the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GLPI. Wolfe Research raised Gaming and Leisure Properties from a "peer perform" rating to an "outperform" rating and set a $57.00 price target for the company in a report on Friday, August 23rd. JMP Securities reaffirmed a "market outperform" rating and issued a $55.00 price target on shares of Gaming and Leisure Properties in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the stock a "hold" rating in a report on Monday, July 29th. Royal Bank of Canada upped 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 report on Monday, July 29th. Finally, Wells Fargo & Company restated an "equal weight" rating and set a $52.00 price target (up previously from $51.00) on shares of Gaming and Leisure Properties in a research note on Tuesday, October 1st. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $52.18.

Insider Buying and Selling

In related news, CFO Desiree A. Burke sold 12,973 shares of the business's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $52.02, for a total value of $674,855.46. Following the sale, the chief financial officer now directly owns 108,073 shares in the company, valued at $5,621,957.46. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO Brandon John Moore sold 30,900 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $50.05, for a total transaction of $1,546,545.00. Following the sale, the chief operating officer now owns 208,977 shares of the company's stock, valued at $10,459,298.85. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Desiree A. Burke sold 12,973 shares of the business's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $52.02, for a total transaction of $674,855.46. Following the completion of the transaction, 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,758 shares of company stock valued at $2,717,922. 4.37% of the stock is owned by insiders.

Gaming and Leisure Properties Price Performance

Gaming and Leisure Properties stock traded down $0.54 during midday trading on Monday, reaching $49.23. The company's stock had a trading volume of 1,161,521 shares, compared to its average volume of 1,319,634. The firm has a market capitalization of $13.51 billion, a PE ratio of 17.40, a P/E/G ratio of 2.14 and a beta of 0.99. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $52.60. The stock's 50 day simple moving average is $51.00 and its 200 day simple moving average is $48.01. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.67 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.25). Gaming and Leisure Properties had a net margin of 51.93% and a return on equity of 17.31%. The company had revenue of $385.34 million during the quarter, compared to analyst estimates of $385.09 million. During the same quarter last year, the business earned $0.92 EPS. The firm's revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 6.18%. The ex-dividend date was Friday, September 13th. Gaming and Leisure Properties's payout ratio is currently 106.29%.

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.