Gaming and Leisure Properties Inc (NASDAQ:GLPI) Shares Sold by Decatur Capital Management Inc.

Decatur Capital Management Inc. lowered its position in Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 27.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 149,553 shares of the real estate investment trust’s stock after selling 58,000 shares during the quarter. Decatur Capital Management Inc. owned 0.07% of Gaming and Leisure Properties worth $5,719,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Lenox Wealth Advisors LLC acquired a new position in Gaming and Leisure Properties in the third quarter valued at $32,000. MUFG Americas Holdings Corp acquired a new position in Gaming and Leisure Properties in the second quarter valued at $38,000. DekaBank Deutsche Girozentrale boosted its holdings in Gaming and Leisure Properties by 237.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,616 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 1,840 shares during the last quarter. Altshuler Shaham Ltd lifted its stake in shares of Gaming and Leisure Properties by 122.2% during the second quarter. Altshuler Shaham Ltd now owns 2,682 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 1,475 shares in the last quarter. Finally, Bessemer Group Inc. acquired a new position in shares of Gaming and Leisure Properties during the second quarter worth about $119,000. Hedge funds and other institutional investors own 89.54% of the company’s stock.

In other Gaming and Leisure Properties news, SVP Matthew Demchyk bought 5,000 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were acquired at an average cost of $37.57 per share, with a total value of $187,850.00. Following the completion of the transaction, the senior vice president now owns 42,500 shares in the company, valued at $1,596,725. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.05% of the stock is currently owned by insiders.

A number of research analysts have commented on the company. Morgan Stanley set a $47.00 price objective on Gaming and Leisure Properties and gave the stock a “buy” rating in a research note on Friday, August 9th. Zacks Investment Research upgraded Gaming and Leisure Properties from a “sell” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Wednesday. ValuEngine cut Gaming and Leisure Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Scotiabank assumed coverage on Gaming and Leisure Properties in a research note on Monday, July 29th. They set an “outperform” rating on the stock. Finally, Nomura set a $42.00 price objective on Gaming and Leisure Properties and gave the stock a “hold” rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $43.50.

Shares of NASDAQ GLPI traded up $0.12 during midday trading on Friday, reaching $38.74. 177,527 shares of the company’s stock were exchanged, compared to its average volume of 862,023. Gaming and Leisure Properties Inc has a 52-week low of $31.19 and a 52-week high of $40.82. The stock has a market capitalization of $8.29 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 1.28 and a beta of 0.51. The company has a debt-to-equity ratio of 2.78, a quick ratio of 4.80 and a current ratio of 4.80. The business’s fifty day moving average price is $38.57 and its two-hundred day moving average price is $38.96.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.33). Gaming and Leisure Properties had a return on equity of 14.98% and a net margin of 29.69%. The business had revenue of $289.01 million for the quarter, compared to analysts’ expectations of $289.64 million. During the same period in the previous year, the firm posted $0.43 earnings per share. The firm’s revenue was up 13.7% compared to the same quarter last year. Analysts predict that Gaming and Leisure Properties Inc will post 3.33 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 7.02%. The ex-dividend date of this dividend was Thursday, September 5th. Gaming and Leisure Properties’s payout ratio is 85.53%.

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.

Further Reading: Dividend Reinvestment Plan (DRIP)

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

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