Trade Report: Today, Pensionfund Sabic Maintains Position in Gaming and Leisure Properties Inc. (GLPI)

Today, Pensionfund Sabic Maintains Position in Gaming and Leisure Properties Inc. (GLPI)

Pensionfund Sabic held its stake in Gaming and Leisure Properties Inc. (NASDAQ:GLPI) during the third quarter, Holdings Channel reports. The firm owned 18,500 shares of the company’s stock at the end of the third quarter. Pensionfund Sabic’s holdings in Gaming and Leisure Properties were worth $619,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Nomura Holdings Inc. bought a new position in Gaming and Leisure Properties during the second quarter worth $6,368,000. Cowen Group Inc. boosted its position in Gaming and Leisure Properties by 284.5% in the second quarter. Cowen Group Inc. now owns 124,247 shares of the company’s stock worth $4,284,000 after buying an additional 91,937 shares during the last quarter. CAPROCK Group Inc. bought a new position in Gaming and Leisure Properties during the second quarter worth $302,000. Royal Bank of Canada boosted its position in Gaming and Leisure Properties by 76.2% in the second quarter. Royal Bank of Canada now owns 113,957 shares of the company’s stock worth $3,929,000 after buying an additional 49,288 shares during the last quarter. Finally, Cohen & Steers Inc. boosted its position in Gaming and Leisure Properties by 162.2% in the second quarter. Cohen & Steers Inc. now owns 8,730,268 shares of the company’s stock worth $301,020,000 after buying an additional 5,400,524 shares during the last quarter. 88.88% of the stock is owned by institutional investors and hedge funds.

Shares of Gaming and Leisure Properties Inc. (NASDAQ:GLPI) traded down 0.16% during midday trading on Friday, hitting $30.60. 285,413 shares of the stock were exchanged. Gaming and Leisure Properties Inc. has a 12-month low of $24.21 and a 12-month high of $35.98. The firm has a 50 day moving average of $31.72 and a 200 day moving average of $33.57.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Tuesday, November 8th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by $0.33. The firm earned $233.30 million during the quarter, compared to analyst estimates of $234.49 million. Gaming and Leisure Properties had a net margin of 31.38% and a return on equity of 20.85%. The business’s quarterly revenue was up 57.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 EPS. Equities research analysts anticipate that Gaming and Leisure Properties Inc. will post $2.98 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Monday, December 5th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 7.84%. The ex-dividend date is Thursday, December 1st. Gaming and Leisure Properties’s dividend payout ratio is presently 177.78%.

GLPI has been the subject of a number of research analyst reports. Buckingham Research initiated coverage on shares of Gaming and Leisure Properties in a research report on Tuesday. They set a “neutral” rating and a $33.00 price objective for the company. Morgan Stanley raised shares of Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $36.00 to $38.00 in a research report on Wednesday, September 7th. Zacks Investment Research cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Friday, August 12th. TheStreet raised shares of Gaming and Leisure Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, October 11th. Finally, Deutsche Bank AG raised their price target on shares of Gaming and Leisure Properties from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, August 10th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $34.30.

In other news, SVP Steven T. Snyder sold 181,843 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $30.20, for a total value of $5,491,658.60. Following the completion of the transaction, the senior vice president now owns 349,225 shares of the company’s stock, valued at $10,546,595. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO William J. Clifford sold 157,241 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $34.78, for a total transaction of $5,468,841.98. Following the completion of the transaction, the chief financial officer now directly owns 293,069 shares of the company’s stock, valued at approximately $10,192,939.82. The disclosure for this sale can be found here. 22.36% of the stock is currently owned by insiders.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc (GLPI) is a self-administered and self-managed Pennsylvania real estate investment trust (REIT). The Company is engaged in the business of acquiring, financing and owning real estate property to be leased to gaming operators in triple net lease arrangements. The Company’s segments include GLP Capital, L.P.

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