Thompson Siegel & Walmsley LLC Acquires 127,933 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Thompson Siegel & Walmsley LLC boosted its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 11.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,258,459 shares of the real estate investment trust’s stock after buying an additional 127,933 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.46% of Gaming and Leisure Properties worth $64,748,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Assetmark Inc. increased its position in Gaming and Leisure Properties by 2,547.6% in the third quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 535 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Gaming and Leisure Properties during the 2nd quarter worth approximately $31,000. EdgeRock Capital LLC purchased a new position in Gaming and Leisure Properties during the second quarter valued at approximately $33,000. Versant Capital Management Inc boosted its position in shares of Gaming and Leisure Properties by 18,500.0% in the second quarter. Versant Capital Management Inc now owns 744 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 740 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of Gaming and Leisure Properties by 142.2% in the third quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 384 shares in the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Stock Performance

Shares of Gaming and Leisure Properties stock opened at $50.54 on Thursday. 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’s fifty day moving average is $50.61 and its two-hundred day moving average is $48.33. 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 market capitalization of $13.87 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 2.16 and a beta of 0.99.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 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 company had revenue of $385.34 million during the quarter, compared to the consensus estimate of $385.09 million. During the same quarter in the previous year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, analysts expect that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GLPI shares. Mizuho cut their price target on 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. 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. Stifel Nicolaus raised their target price on shares of Gaming and Leisure Properties from $52.00 to $52.50 and gave the company a “buy” rating in a research note on Friday, July 26th. JMP Securities reiterated a “market outperform” rating and issued a $55.00 price target on shares of Gaming and Leisure Properties in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada raised their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Gaming and Leisure Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.96.

Insider Activity at Gaming and Leisure Properties

In related news, COO Brandon John Moore sold 30,900 shares of Gaming and Leisure Properties stock in a transaction dated 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 sale, the chief operating officer now directly owns 208,977 shares in the company, valued at $10,459,298.85. The trade was a 12.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director E Scott Urdang sold 6,885 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $50.16, for a total transaction of $345,351.60. Following the transaction, the director now directly owns 149,800 shares in the company, valued at $7,513,968. This trade represents a 4.39 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,758 shares of company stock worth $2,717,922. Company insiders own 4.37% of the company’s stock.

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.