Systematic Financial Management LP Sells 354,809 Shares of Gaming and Leisure Properties Inc (GLPI)

Systematic Financial Management LP lessened its position in Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 67.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 171,311 shares of the real estate investment trust’s stock after selling 354,809 shares during the quarter. Systematic Financial Management LP’s holdings in Gaming and Leisure Properties were worth $6,607,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the business. Parallel Advisors LLC increased its holdings in Gaming and Leisure Properties by 50.6% in the 4th quarter. Parallel Advisors LLC now owns 905 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 304 shares in the last quarter. We Are One Seven LLC bought a new position in shares of Gaming and Leisure Properties in the fourth quarter valued at approximately $31,000. Quadrant Capital Group LLC increased its position in shares of Gaming and Leisure Properties by 39.9% during the first quarter. Quadrant Capital Group LLC now owns 988 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 282 shares during the last quarter. Ffcm LLC increased its position in shares of Gaming and Leisure Properties by 72.4% during the fourth quarter. Ffcm LLC now owns 1,141 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 479 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of Gaming and Leisure Properties by 43.4% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,434 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 434 shares during the last quarter. 90.08% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on GLPI shares. Deutsche Bank reiterated a “buy” rating and issued a $47.00 price target on shares of Gaming and Leisure Properties in a research report on Sunday. Zacks Investment Research downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Friday. Stifel Nicolaus upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and boosted their price target for the company from $39.00 to $43.00 in a report on Monday, April 15th. BidaskClub upgraded Gaming and Leisure Properties from a “buy” rating to a “strong-buy” rating in a report on Friday, March 29th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $41.00 target price on shares of Gaming and Leisure Properties in a report on Wednesday, March 20th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Gaming and Leisure Properties has an average rating of “Buy” and a consensus price target of $41.70.

GLPI stock traded down $0.01 during trading on Tuesday, hitting $39.71. 25,776 shares of the company’s stock traded hands, compared to its average volume of 1,306,420. The firm has a market cap of $8.53 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 0.95 and a beta of 0.56. The company has a quick ratio of 3.60, a current ratio of 2.99 and a debt-to-equity ratio of 2.72. Gaming and Leisure Properties Inc has a 1 year low of $31.19 and a 1 year high of $40.69.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Wednesday, February 13th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. Gaming and Leisure Properties had a net margin of 30.54% and a return on equity of 14.58%. The business had revenue of $303.30 million for the quarter, compared to analyst estimates of $306.12 million. During the same period in the previous year, the company earned $0.55 earnings per share. The business’s revenue for the quarter was up 26.0% on a year-over-year basis. Analysts anticipate that Gaming and Leisure Properties Inc will post 3.35 EPS for the current fiscal year.

In other Gaming and Leisure Properties news, CAO Desiree A. Burke sold 41,458 shares of Gaming and Leisure Properties stock in a transaction on Friday, April 5th. The shares were sold at an average price of $39.06, for a total value of $1,619,349.48. Following the completion of the transaction, the chief accounting officer now owns 119,264 shares of the company’s stock, valued at $4,658,451.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Matthew Demchyk acquired 4,000 shares of the business’s stock in a transaction on Thursday, February 28th. The stock was purchased at an average cost of $36.50 per share, with a total value of $146,000.00. Following the acquisition, the senior vice president now directly owns 37,500 shares of the company’s stock, valued at approximately $1,368,750. The disclosure for this purchase can be found here. Insiders own 5.88% of the company’s stock.

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About Gaming and Leisure Properties

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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