Thompson Siegel & Walmsley LLC Has $63.77 Million Stock Holdings in Gaming and Leisure Properties Inc (NASDAQ:GLPI)

Thompson Siegel & Walmsley LLC cut its stake in shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 8.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,653,279 shares of the real estate investment trust’s stock after selling 152,120 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.77% of Gaming and Leisure Properties worth $63,767,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the stock. Signaturefd LLC increased its position in Gaming and Leisure Properties by 100.3% in the first quarter. Signaturefd LLC now owns 721 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 361 shares during the period. Parallel Advisors LLC increased its position in Gaming and Leisure Properties by 50.6% in the fourth quarter. Parallel Advisors LLC now owns 905 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 304 shares during the period. Quadrant Capital Group LLC grew its position in shares of Gaming and Leisure Properties by 39.9% during the 1st quarter. Quadrant Capital Group LLC now owns 988 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 282 shares during the period. Ffcm LLC grew its position in shares of Gaming and Leisure Properties by 72.4% during the 4th quarter. Ffcm LLC now owns 1,141 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 479 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of Gaming and Leisure Properties by 43.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,434 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 434 shares during the period. 88.30% of the stock is owned by institutional investors and hedge funds.

GLPI has been the subject of several analyst reports. Morgan Stanley boosted their target price on Gaming and Leisure Properties from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. BidaskClub lowered Gaming and Leisure Properties from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 11th. Stifel Nicolaus upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and boosted their target price for the stock from $39.00 to $43.00 in a research report on Monday, April 15th. Deutsche Bank restated a “buy” rating and set a $47.00 target price on shares of Gaming and Leisure Properties in a research report on Sunday, May 12th. Finally, Zacks Investment Research lowered Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Gaming and Leisure Properties presently has an average rating of “Buy” and a consensus price target of $42.80.

Shares of NASDAQ:GLPI traded up $0.28 during trading on Friday, hitting $38.98. 2,722,500 shares of the company’s stock traded hands, compared to its average volume of 1,217,760. Gaming and Leisure Properties Inc has a 52 week low of $31.19 and a 52 week high of $40.82. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 2.72. The firm has a market cap of $8.25 billion, a P/E ratio of 12.26, a price-to-earnings-growth ratio of 0.92 and a beta of 0.58. The firm has a 50-day simple moving average of $39.73.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 6.98%. The ex-dividend date is Thursday, June 13th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 85.53%.

In other Gaming and Leisure Properties news, CAO Desiree A. Burke sold 41,458 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $39.06, for a total value of $1,619,349.48. Following the sale, the chief accounting officer now owns 119,264 shares in the company, valued at approximately $4,658,451.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.05% 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.

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Institutional Ownership by Quarter for Gaming and Leisure Properties (NASDAQ:GLPI)

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