Duff & Phelps Investment Management Co. Has $37.15 Million Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Duff & Phelps Investment Management Co. increased its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 56.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 722,120 shares of the real estate investment trust’s stock after purchasing an additional 259,320 shares during the quarter. Duff & Phelps Investment Management Co. owned approximately 0.26% of Gaming and Leisure Properties worth $37,153,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Gaming and Leisure Properties by 647.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,025,526 shares of the real estate investment trust’s stock worth $104,213,000 after buying an additional 1,754,370 shares in the last quarter. Jennison Associates LLC grew its position in Gaming and Leisure Properties by 25.3% during the 3rd quarter. Jennison Associates LLC now owns 4,075,461 shares of the real estate investment trust’s stock worth $209,682,000 after acquiring an additional 821,634 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Gaming and Leisure Properties by 6,162.9% during the 3rd quarter. Janus Henderson Group PLC now owns 812,981 shares of the real estate investment trust’s stock valued at $41,820,000 after purchasing an additional 800,000 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Gaming and Leisure Properties in the 3rd quarter valued at $27,057,000. Finally, Barclays PLC boosted its stake in Gaming and Leisure Properties by 129.1% in the third quarter. Barclays PLC now owns 896,831 shares of the real estate investment trust’s stock worth $46,142,000 after purchasing an additional 505,382 shares in the last quarter. 91.14% of the stock is owned by institutional investors.

Insider Transactions at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $50.39, for a total transaction of $151,170.00. Following the completion of the transaction, the director now directly owns 146,800 shares of the company’s stock, valued at $7,397,252. This represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.37% of the stock is owned by insiders.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ:GLPI opened at $50.43 on Monday. The company has a market capitalization of $13.84 billion, a price-to-earnings ratio of 17.63, a P/E/G ratio of 2.14 and a beta of 0.98. The firm’s 50 day simple moving average is $50.62 and its 200 day simple moving average is $48.88. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.25). The firm had revenue of $385.34 million for 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 company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.92 earnings per share. As a group, sell-side analysts forecast 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 declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 6.03%. The ex-dividend date is Friday, December 6th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 106.29%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Stifel Nicolaus lifted their price target on Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a “buy” rating in a report on Tuesday, November 26th. Mizuho dropped their target price on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and increased their price target for the company from $49.00 to $54.00 in a research note on Wednesday, November 20th. StockNews.com cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $52.00 price objective (up from $51.00) on shares of Gaming and Leisure Properties in a research report on Tuesday, October 1st. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and an average target price of $53.50.

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.