Quantbot Technologies LP Makes New Investment in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Quantbot Technologies LP bought a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,241 shares of the real estate investment trust’s stock, valued at approximately $1,093,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Assetmark Inc. lifted its stake in Gaming and Leisure Properties by 2,547.6% in the 3rd quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 535 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Gaming and Leisure Properties in the second quarter worth approximately $31,000. EdgeRock Capital LLC acquired a new stake in shares of Gaming and Leisure Properties during the second quarter worth approximately $33,000. Versant Capital Management Inc grew its position in Gaming and Leisure Properties by 18,500.0% during the second quarter. Versant Capital Management Inc now owns 744 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 740 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Gaming and Leisure Properties by 142.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 384 shares during the period. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Price Performance

Gaming and Leisure Properties stock opened at $51.61 on Friday. The stock has a fifty day moving average of $50.59 and a 200-day moving average of $48.65. 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 quick ratio of 11.35 and a current ratio of 11.35. The stock has a market capitalization of $14.16 billion, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 2.19 and a beta of 0.99.

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

Gaming and Leisure Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.76 dividend. The ex-dividend date is Friday, December 6th. This represents a $3.04 annualized dividend and a dividend yield of 5.89%. Gaming and Leisure Properties’s dividend payout ratio is currently 106.29%.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the business’s stock in a transaction on 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 directly owns 146,800 shares in the company, valued at $7,397,252. The trade was a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 4.37% of the company’s stock.

Wall Street Analyst Weigh In

GLPI has been the topic of several research analyst reports. Wolfe Research upgraded shares of Gaming and Leisure Properties from a “peer perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a report on Friday, August 23rd. Mizuho lowered their target price on Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and upped their target price for the stock from $49.00 to $54.00 in a research report on Wednesday, November 20th. JMP Securities reaffirmed a “market outperform” rating and issued a $55.00 price target on shares of Gaming and Leisure Properties in a research report on Tuesday, October 29th. Finally, StockNews.com cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and a consensus price target of $53.32.

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.