Mutual of America Capital Management LLC Purchases 1,326 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Mutual of America Capital Management LLC increased its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 0.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,312 shares of the real estate investment trust’s stock after acquiring an additional 1,326 shares during the period. Mutual of America Capital Management LLC’s holdings in Gaming and Leisure Properties were worth $11,284,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GLPI. Intech Investment Management LLC acquired a new stake in Gaming and Leisure Properties in the 1st quarter valued at about $610,000. Ontario Teachers Pension Plan Board acquired a new stake in shares of Gaming and Leisure Properties in the first quarter valued at approximately $971,000. Edgestream Partners L.P. bought a new position in Gaming and Leisure Properties in the 1st quarter worth approximately $2,496,000. Covestor Ltd lifted its holdings in Gaming and Leisure Properties by 70.3% during the 1st quarter. Covestor Ltd now owns 2,084 shares of the real estate investment trust’s stock worth $96,000 after buying an additional 860 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in Gaming and Leisure Properties by 126.3% in the 1st quarter. National Bank of Canada FI now owns 454,732 shares of the real estate investment trust’s stock valued at $20,131,000 after buying an additional 253,763 shares during the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction on Monday, November 4th. The shares were 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 approximately $7,397,252. The trade was a 2.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Brandon John Moore sold 30,900 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $50.05, for a total transaction of $1,546,545.00. Following the transaction, the chief operating officer now owns 208,977 shares of the company’s stock, valued at approximately $10,459,298.85. This represents a 12.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 53,758 shares of company stock worth $2,717,922 over the last three months. Corporate insiders own 4.37% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GLPI shares. Royal Bank of Canada upped their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. JMP Securities restated a “market outperform” rating and issued a $55.00 price objective on shares of Gaming and Leisure Properties in a report on Tuesday, October 29th. StockNews.com lowered shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Finally, Stifel Nicolaus increased their price target on Gaming and Leisure Properties from $52.00 to $52.50 and gave the company a “buy” rating in a research note on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $52.54.

Gaming and Leisure Properties Price Performance

Shares of GLPI opened at $49.19 on Monday. The stock has a 50 day simple moving average of $50.74 and a 200 day simple moving average of $48.22. 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 firm has a market capitalization of $13.50 billion, a PE ratio of 17.20, a P/E/G ratio of 2.12 and a beta of 0.99.

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

Gaming and Leisure Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.76 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.18%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 106.29%.

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.