Thompson Siegel & Walmsley LLC Raises Stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Thompson Siegel & Walmsley LLC raised its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 11.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,258,459 shares of the real estate investment trust’s stock after acquiring an additional 127,933 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Gaming and Leisure Properties were worth $64,748,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of GLPI. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Gaming and Leisure Properties in the 1st quarter valued at approximately $2,396,000. Lasalle Investment Management Securities LLC boosted its stake in Gaming and Leisure Properties by 1.5% in the first quarter. Lasalle Investment Management Securities LLC now owns 1,479,756 shares of the real estate investment trust’s stock valued at $68,172,000 after acquiring an additional 21,667 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of Gaming and Leisure Properties in the 2nd quarter valued at about $3,165,000. Caxton Associates LP grew its position in shares of Gaming and Leisure Properties by 72.5% during the first quarter. Caxton Associates LP now owns 24,282 shares of the real estate investment trust’s stock worth $1,119,000 after acquiring an additional 10,209 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake in Gaming and Leisure Properties by 5.0% in the first quarter. Lazard Asset Management LLC now owns 239,225 shares of the real estate investment trust’s stock valued at $11,020,000 after purchasing an additional 11,387 shares during the period. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GLPI. JMP Securities restated a “market outperform” rating and issued a $55.00 price objective on shares of Gaming and Leisure Properties in a research report on Tuesday, October 29th. Royal Bank of Canada lifted their target price on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Wells Fargo & Company restated an “equal weight” rating and issued a $52.00 price objective (up from $51.00) on shares of Gaming and Leisure Properties in a report on Tuesday, October 1st. Stifel Nicolaus raised their target price on Gaming and Leisure Properties from $52.00 to $52.50 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Raymond James upped their target price on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a research note on Wednesday, August 21st. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $52.96.

Insider Buying and Selling at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 6,885 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $50.16, for a total value of $345,351.60. Following the sale, the director now owns 149,800 shares of the company’s stock, valued at $7,513,968. The trade was a 4.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Brandon John Moore sold 30,900 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $50.05, for a total value of $1,546,545.00. Following the completion of the transaction, the chief operating officer now directly owns 208,977 shares of the company’s stock, valued at approximately $10,459,298.85. The trade was a 12.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 53,758 shares of company stock valued at $2,717,922 in the last ninety days. Company insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Stock Up 0.6 %

Shares of Gaming and Leisure Properties stock opened at $50.54 on Thursday. Gaming and Leisure Properties, Inc. has a 12-month low of $41.80 and a 12-month high of $52.60. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. The stock has a 50 day moving average price of $50.61 and a two-hundred day moving average price of $48.33. The stock has a market capitalization of $13.87 billion, a P/E ratio of 17.67, a PEG ratio of 2.16 and a beta of 0.99.

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

Gaming and Leisure Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 6.02%. The ex-dividend date of this dividend was Friday, September 13th. Gaming and Leisure Properties’s payout ratio is currently 106.29%.

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.