Gaming and Leisure Properties Inc (GLPI) Shares Bought by Millennium Management LLC

Millennium Management LLC raised its stake in Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 23.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,084,735 shares of the real estate investment trust’s stock after buying an additional 582,081 shares during the period. Millennium Management LLC owned about 1.44% of Gaming and Leisure Properties worth $110,434,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. First Mercantile Trust Co. boosted its position in shares of Gaming and Leisure Properties by 36.6% during the 1st quarter. First Mercantile Trust Co. now owns 5,600 shares of the real estate investment trust’s stock valued at $187,000 after purchasing an additional 1,500 shares in the last quarter. Ostrum Asset Management bought a new stake in shares of Gaming and Leisure Properties during the 1st quarter valued at about $189,000. PVG Asset Management Corp bought a new stake in shares of Gaming and Leisure Properties during the 1st quarter valued at about $236,000. Rational Advisors LLC bought a new position in Gaming and Leisure Properties in the first quarter worth approximately $236,000. Finally, IBM Retirement Fund bought a new position in Gaming and Leisure Properties in the first quarter worth approximately $282,000. Institutional investors own 87.19% of the company’s stock.

Several research analysts have issued reports on the company. Zacks Investment Research raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Thursday, October 4th. SunTrust Banks reissued a “buy” rating and issued a $39.00 price objective on shares of Gaming and Leisure Properties in a research note on Tuesday, October 2nd. ValuEngine raised Gaming and Leisure Properties from a “sell” rating to a “hold” rating in a research note on Friday, September 28th. Nomura initiated coverage on Gaming and Leisure Properties in a research note on Wednesday, September 26th. They issued a “neutral” rating and a $39.00 price objective for the company. Finally, Deutsche Bank increased their price objective on Gaming and Leisure Properties from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, September 26th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $39.50.

NASDAQ:GLPI opened at $34.91 on Tuesday. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.60 and a quick ratio of 2.60. Gaming and Leisure Properties Inc has a 1 year low of $32.51 and a 1 year high of $37.32. The firm has a market capitalization of $7.54 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 1.07 and a beta of 0.77.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.34). Gaming and Leisure Properties had a return on equity of 15.56% and a net margin of 38.54%. The company had revenue of $254.22 million during the quarter, compared to the consensus estimate of $254.40 million. During the same period in the previous year, the business earned $0.45 earnings per share. Gaming and Leisure Properties’s revenue was up 4.4% on a year-over-year basis. On average, equities research analysts predict that Gaming and Leisure Properties Inc will post 3.07 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 21st. Investors of record on Friday, September 7th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 7.22%. The ex-dividend date was Thursday, September 6th. Gaming and Leisure Properties’s dividend payout ratio is 80.00%.

Gaming and Leisure Properties Company 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.

Read More: Ex-Dividend

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

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