Mutual of America Capital Management LLC Has $11.28 Million Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Mutual of America Capital Management LLC boosted its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 0.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 219,312 shares of the real estate investment trust’s stock after purchasing an additional 1,326 shares during the period. Mutual of America Capital Management LLC owned 0.08% of Gaming and Leisure Properties worth $11,284,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ignite Planners LLC grew its stake in shares of Gaming and Leisure Properties by 1.8% in the 2nd quarter. Ignite Planners LLC now owns 12,181 shares of the real estate investment trust’s stock valued at $543,000 after buying an additional 220 shares in the last quarter. EP Wealth Advisors LLC grew its position in 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 increased its stake in shares of Gaming and Leisure Properties by 0.3% during the 2nd quarter. Ieq Capital LLC now owns 90,749 shares of the real estate investment trust’s stock worth $4,103,000 after purchasing an additional 257 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Gaming and Leisure Properties by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 7,948 shares of the real estate investment trust’s stock valued at $409,000 after purchasing 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 3rd quarter. Marshall Financial Group LLC now owns 20,917 shares of the real estate investment trust’s stock valued at $1,076,000 after purchasing an additional 289 shares during the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Analysts Set New Price Targets

GLPI has been the topic of several recent research reports. Wells Fargo & Company restated an “equal weight” rating and set a $52.00 target price (up from $51.00) on shares of Gaming and Leisure Properties in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft raised their price objective on Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Mizuho decreased their target price on Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating for the company in a research report on Thursday. StockNews.com lowered shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Finally, Royal Bank of Canada upped their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $52.54.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $50.39, for a total transaction of $151,170.00. Following the sale, the director now directly owns 146,800 shares of the company’s stock, valued at approximately $7,397,252. The trade was a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 have sold a total of 53,758 shares of company stock valued at $2,717,922 over the last quarter. 4.37% of the stock is owned by company insiders.

Gaming and Leisure Properties Trading Up 1.0 %

Shares of GLPI opened at $49.19 on Monday. The stock’s 50-day moving average price is $50.74 and its 200 day moving average price is $48.22. 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 firm has a market capitalization of $13.50 billion, a price-to-earnings ratio of 17.20, a P/E/G ratio of 2.12 and a beta of 0.99. Gaming and Leisure Properties, Inc. has a 12-month low of $41.80 and a 12-month high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last released 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). 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 net margin of 51.93% and a return on equity of 17.31%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 earnings per share. As a group, research analysts predict that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.76 per share. The ex-dividend date was Friday, September 13th. This represents a $3.04 annualized dividend and a dividend yield of 6.18%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 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.