Gaming and Leisure Properties, Inc. $GLPI Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP grew its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 95.1% in the first quarter, Holdings Channel reports. The institutional investor owned 1,559,449 shares of the real estate investment trust’s stock after purchasing an additional 760,170 shares during the period. Quantinno Capital Management LP’s holdings in Gaming and Leisure Properties were worth $69,193,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in GLPI. V Square Quantitative Management LLC purchased a new position in shares of Gaming and Leisure Properties in the 4th quarter valued at about $29,000. SHP Wealth Management purchased a new stake in Gaming and Leisure Properties during the fourth quarter worth approximately $30,000. International Assets Investment Management LLC purchased a new stake in Gaming and Leisure Properties during the fourth quarter worth approximately $31,000. Blue Trust Inc. acquired a new position in Gaming and Leisure Properties in the first quarter valued at approximately $40,000. Finally, Monetary Solutions Ltd acquired a new position in Gaming and Leisure Properties in the fourth quarter valued at approximately $53,000. 91.14% of the stock is owned by institutional investors and hedge funds.

Gaming and Leisure Properties Trading Up 1.8%

GLPI opened at $45.85 on Wednesday. The firm has a market cap of $12.99 billion, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 1.99 and a beta of 0.66. Gaming and Leisure Properties, Inc. has a 52 week low of $41.17 and a 52 week high of $49.95. The business’s 50 day moving average is $45.59 and its two-hundred day moving average is $46.26. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 1.62.

Gaming and Leisure Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend was Friday, June 12th. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. Gaming and Leisure Properties’s dividend payout ratio is presently 104.13%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. UBS Group set a $49.00 price target on shares of Gaming and Leisure Properties in a research note on Thursday, June 18th. Wells Fargo & Company lowered their target price on shares of Gaming and Leisure Properties from $48.00 to $45.00 and set an “equal weight” rating for the company in a report on Wednesday, July 15th. JPMorgan Chase & Co. dropped their target price on shares of Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 30th. Scotiabank cut their price target on shares of Gaming and Leisure Properties from $52.00 to $49.00 and set a “sector perform” rating on the stock in a research note on Thursday, June 18th. Finally, Morgan Stanley upped their price objective on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $50.50.

Insider Buying and Selling

In related news, Director E Scott Urdang sold 3,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total value of $144,960.00. Following the completion of the sale, the director owned 127,429 shares in the company, valued at $6,157,369.28. This represents a 2.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.11% of the stock is currently owned by company insiders.

Gaming and Leisure Properties Profile

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust (REIT) specializing in the ownership and management of gaming and entertainment properties. Established in 2013 as a spin-off from Penn National Gaming, the company was designed to acquire and hold real estate assets associated with casinos, racetracks and other gaming facilities, while leasing those assets back to operating partners under long-term, triple-net lease agreements.

The company’s core activities involve identifying attractive gaming real estate, structuring lease agreements that align tenant incentives with property performance, and actively managing its portfolio to enhance asset value.