Greenwood Capital Associates LLC Lowers Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Greenwood Capital Associates LLC lowered its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPIFree Report) by 2.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,076 shares of the real estate investment trust’s stock after selling 474 shares during the period. Greenwood Capital Associates LLC’s holdings in Gaming and Leisure Properties were worth $1,040,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its stake in shares of Gaming and Leisure Properties by 40.8% in the fourth quarter. Wellington Management Group LLP now owns 12,709,300 shares of the real estate investment trust’s stock worth $627,204,000 after acquiring an additional 3,684,553 shares in the last quarter. Norges Bank purchased a new stake in Gaming and Leisure Properties during the 4th quarter worth about $141,537,000. Jennison Associates LLC raised its position in Gaming and Leisure Properties by 54.8% in the 4th quarter. Jennison Associates LLC now owns 3,378,874 shares of the real estate investment trust’s stock valued at $166,747,000 after purchasing an additional 1,195,765 shares in the last quarter. Invesco Ltd. raised its position in Gaming and Leisure Properties by 54.6% in the 3rd quarter. Invesco Ltd. now owns 3,301,293 shares of the real estate investment trust’s stock valued at $150,374,000 after purchasing an additional 1,165,459 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Gaming and Leisure Properties by 30.2% in the 3rd quarter. Northern Trust Corp now owns 2,397,529 shares of the real estate investment trust’s stock valued at $109,207,000 after buying an additional 555,474 shares during the period. 91.14% of the stock is owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Stock Performance

NASDAQ GLPI traded down $0.22 on Friday, reaching $43.41. The stock had a trading volume of 923,365 shares, compared to its average volume of 996,607. The stock has a market cap of $11.79 billion, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 5.11 and a beta of 0.96. Gaming and Leisure Properties, Inc. has a 12-month low of $41.80 and a 12-month high of $50.40. The business’s 50-day moving average price is $44.04 and its 200 day moving average price is $45.60. The company has a debt-to-equity ratio of 1.49, a quick ratio of 6.47 and a current ratio of 6.47.

Gaming and Leisure Properties (NASDAQ:GLPIGet Free Report) last released its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.64 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.26). Gaming and Leisure Properties had a net margin of 50.05% and a return on equity of 16.79%. The business had revenue of $376.00 million during the quarter, compared to analysts’ expectations of $368.44 million. During the same quarter last year, the company earned $0.92 EPS. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, equities analysts expect that Gaming and Leisure Properties, Inc. will post 3.65 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 7.00%. The ex-dividend date of this dividend is Friday, June 7th. Gaming and Leisure Properties’s dividend payout ratio is currently 112.18%.

Analyst Ratings Changes

GLPI has been the topic of several analyst reports. Scotiabank raised their target price on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. Mizuho decreased their price objective on shares of Gaming and Leisure Properties from $47.00 to $46.00 and set a “neutral” rating for the company in a research report on Friday, May 10th. Stifel Nicolaus boosted their target price on shares of Gaming and Leisure Properties from $50.75 to $51.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Wedbush restated an “outperform” rating and issued a $51.00 price target on shares of Gaming and Leisure Properties in a research note on Friday, May 17th. Finally, StockNews.com cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Saturday. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $50.33.

Get Our Latest Stock Report on Gaming and Leisure Properties

Gaming and Leisure Properties Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Gaming and Leisure Properties (NASDAQ:GLPI)

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