UniSuper Management Pty Ltd Sells 70,366 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

UniSuper Management Pty Ltd reduced its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 47.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 77,034 shares of the real estate investment trust’s stock after selling 70,366 shares during the period. UniSuper Management Pty Ltd’s holdings in Gaming and Leisure Properties were worth $3,549,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of GLPI. Wellington Management Group LLP grew its stake in shares of Gaming and Leisure Properties by 40.8% in the 4th quarter. Wellington Management Group LLP now owns 12,709,300 shares of the real estate investment trust’s stock worth $627,204,000 after buying an additional 3,684,553 shares in the last quarter. Putnam Investments LLC grew its stake in shares of Gaming and Leisure Properties by 3.1% in the 4th quarter. Putnam Investments LLC now owns 9,511,521 shares of the real estate investment trust’s stock worth $469,394,000 after buying an additional 282,828 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Gaming and Leisure Properties by 1.7% in the 4th quarter. Principal Financial Group Inc. now owns 8,921,163 shares of the real estate investment trust’s stock worth $440,259,000 after buying an additional 150,055 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Gaming and Leisure Properties by 4.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,489,160 shares of the real estate investment trust’s stock worth $252,886,000 after buying an additional 211,709 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Gaming and Leisure Properties by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,730,590 shares of the real estate investment trust’s stock worth $184,106,000 after buying an additional 45,729 shares in the last quarter. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Trading Up 0.9 %

Gaming and Leisure Properties stock traded up $0.46 during trading hours on Tuesday, hitting $48.89. The company had a trading volume of 693,749 shares, compared to its average volume of 1,339,376. The firm has a market cap of $13.27 billion, a P/E ratio of 18.04, a P/E/G ratio of 5.65 and a beta of 0.98. The company has a debt-to-equity ratio of 1.49, a quick ratio of 6.47 and a current ratio of 6.47. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year high of $50.06. The company has a 50-day moving average price of $45.25 and a two-hundred day moving average price of $45.16.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.26). Gaming and Leisure Properties had a net margin of 50.05% and a return on equity of 16.79%. The company had revenue of $376.00 million during the quarter, compared to analysts’ expectations of $368.44 million. During the same period last year, the firm earned $0.92 earnings per share. Gaming and Leisure Properties’s quarterly revenue was up 5.9% on a year-over-year basis. On average, sell-side analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.66 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were issued a $0.76 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $3.04 annualized dividend and a dividend yield of 6.22%. Gaming and Leisure Properties’s dividend payout ratio is currently 112.18%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on GLPI shares. StockNews.com raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Friday. Wells Fargo & Company dropped their price target on shares of Gaming and Leisure Properties from $49.00 to $48.00 and set an “equal weight” rating for the company in a research note on Thursday, May 30th. Wedbush reaffirmed an “outperform” rating and set a $51.00 price target on shares of Gaming and Leisure Properties in a research note on Friday, May 17th. Scotiabank lifted their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 16th. Finally, Royal Bank of Canada lifted their price target on shares of Gaming and Leisure Properties from $47.00 to $52.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $51.27.

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.