Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Bought by MML Investors Services LLC

MML Investors Services LLC grew its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 7.9% during the third quarter, HoldingsChannel reports. The firm owned 71,885 shares of the real estate investment trust’s stock after buying an additional 5,242 shares during the period. MML Investors Services LLC’s holdings in Gaming and Leisure Properties were worth $3,698,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. EP Wealth Advisors LLC lifted its stake in shares of Gaming and Leisure Properties by 0.7% in the second quarter. EP Wealth Advisors LLC now owns 33,990 shares of the real estate investment trust’s stock worth $1,537,000 after acquiring an additional 220 shares in the last quarter. Ieq Capital LLC lifted its stake in shares of Gaming and Leisure Properties by 0.3% in the second quarter. Ieq Capital LLC now owns 90,749 shares of the real estate investment trust’s stock worth $4,103,000 after acquiring an additional 257 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Gaming and Leisure Properties by 5.1% in the third quarter. Integrated Wealth Concepts LLC now owns 5,433 shares of the real estate investment trust’s stock worth $280,000 after acquiring an additional 262 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of Gaming and Leisure Properties by 3.6% in the third quarter. CIBC Asset Management Inc now owns 7,948 shares of the real estate investment trust’s stock worth $409,000 after acquiring an additional 278 shares in the last quarter. Finally, Marshall Financial Group LLC lifted its stake in shares of Gaming and Leisure Properties by 1.4% in the third quarter. Marshall Financial Group LLC now owns 20,917 shares of the real estate investment trust’s stock worth $1,076,000 after acquiring an additional 289 shares in the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Insider Buying and Selling

In related news, Director E Scott Urdang sold 3,000 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $50.39, for a total value 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 4.37% of the company’s stock.

Analyst Upgrades and Downgrades

GLPI has been the topic of several recent analyst reports. StockNews.com cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Raymond James upped their price objective on 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. Mizuho cut their price objective on Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. JMP Securities restated a “market outperform” rating and set a $55.00 price objective on shares of Gaming and Leisure Properties in a research note on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $49.00 to $54.00 in a research note on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Gaming and Leisure Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.96.

Gaming and Leisure Properties Stock Up 1.0 %

NASDAQ:GLPI opened at $50.09 on Friday. The firm has a market capitalization of $13.74 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 2.10 and a beta of 0.98. The stock has a 50 day moving average of $50.49 and a 200-day moving average of $49.03. 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 current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62.

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

Gaming and Leisure Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date of this dividend is Friday, December 6th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 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.