Gaming and Leisure Properties (NASDAQ:GLPI) Holdings Increased by Amalgamated Bank

Amalgamated Bank lifted its position in shares of Gaming and Leisure Properties (NASDAQ:GLPI) by 6.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,073 shares of the real estate investment trust’s stock after buying an additional 2,279 shares during the quarter. Amalgamated Bank’s holdings in Gaming and Leisure Properties were worth $1,446,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brown Advisory Inc. acquired a new position in Gaming and Leisure Properties during the third quarter worth about $289,000. Aperio Group LLC raised its stake in Gaming and Leisure Properties by 20.7% during the fourth quarter. Aperio Group LLC now owns 86,213 shares of the real estate investment trust’s stock worth $3,190,000 after acquiring an additional 14,801 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Gaming and Leisure Properties by 5.2% during the third quarter. Bank of New York Mellon Corp now owns 1,335,432 shares of the real estate investment trust’s stock worth $49,264,000 after purchasing an additional 65,562 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Gaming and Leisure Properties by 249.2% during the third quarter. SG Americas Securities LLC now owns 45,559 shares of the real estate investment trust’s stock worth $1,681,000 after purchasing an additional 32,511 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Gaming and Leisure Properties by 3.4% during the fourth quarter. BlackRock Inc. now owns 14,337,616 shares of the real estate investment trust’s stock worth $530,492,000 after purchasing an additional 475,890 shares during the last quarter. 92.71% of the stock is owned by institutional investors.

How to Become a New Pot Stock Millionaire

In related news, CFO William J. Clifford bought 54,606 shares of the business’s stock in a transaction on Monday, February 12th. The stock was acquired at an average price of $33.00 per share, for a total transaction of $1,801,998.00. Following the purchase, the chief financial officer now directly owns 320,674 shares in the company, valued at $10,582,242. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Peter M. Carlino bought 40,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was bought at an average price of $33.33 per share, with a total value of $1,333,200.00. Following the purchase, the chief executive officer now owns 4,388,089 shares in the company, valued at $146,255,006.37. The disclosure for this purchase can be found here. 5.88% of the stock is owned by company insiders.

GLPI has been the topic of several research reports. Stifel Nicolaus restated a “hold” rating on shares of Gaming and Leisure Properties in a report on Friday, February 9th. Barclays reiterated a “buy” rating on shares of Gaming and Leisure Properties in a report on Sunday, December 24th. BidaskClub upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Friday. Bank of America cut their price target on Gaming and Leisure Properties from $33.00 to $31.00 and set an “underperform” rating on the stock in a report on Friday, February 9th. Finally, UBS upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $38.13.

NASDAQ:GLPI traded down $0.62 during trading on Monday, reaching $32.85. The company’s stock had a trading volume of 1,022,436 shares, compared to its average volume of 1,370,926. The company has a market capitalization of $7,136.58, a PE ratio of 10.43 and a beta of 0.80. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.80 and a quick ratio of 0.80. Gaming and Leisure Properties has a 12 month low of $32.51 and a 12 month high of $39.32.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.33). The firm had revenue of $240.70 million for the quarter, compared to the consensus estimate of $243.27 million. Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 39.18%. The firm’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS. sell-side analysts anticipate that Gaming and Leisure Properties will post 3.05 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 9th were paid a $0.63 dividend. The ex-dividend date was Thursday, March 8th. This represents a $2.52 annualized dividend and a yield of 7.67%. Gaming and Leisure Properties’s dividend payout ratio is currently 80.00%.

COPYRIGHT VIOLATION WARNING: “Gaming and Leisure Properties (NASDAQ:GLPI) Holdings Increased by Amalgamated Bank” was reported by Enterprise Leader and is the property of of Enterprise Leader. If you are viewing this report on another site, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The legal version of this report can be viewed at https://theenterpriseleader.com/2018/04/02/amalgamated-bank-has-1-45-million-stake-in-gaming-and-leisure-properties-inc-nasdaqglpi.html.

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.

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

Receive News & Ratings for Gaming and Leisure Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gaming and Leisure Properties and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply