Gaming and Leisure Properties, Inc. (GLPI) Stake Lowered by Hsbc Holdings PLC

Hsbc Holdings PLC lowered its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 11.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 681,779 shares of the company’s stock after selling 89,216 shares during the period. Hsbc Holdings PLC’s holdings in Gaming and Leisure Properties were worth $22,805,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Cohen & Steers Inc. increased its position in shares of 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 period. Morgan Stanley boosted its stake in shares of Gaming and Leisure Properties by 58.3% in the third quarter. Morgan Stanley now owns 2,163,945 shares of the company’s stock worth $72,385,000 after buying an additional 797,358 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Gaming and Leisure Properties by 203.7% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 648,225 shares of the company’s stock worth $21,683,000 after buying an additional 434,787 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Gaming and Leisure Properties by 129.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 667,105 shares of the company’s stock worth $23,002,000 after buying an additional 375,748 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Gaming and Leisure Properties by 153.3% in the second quarter. Legal & General Group Plc now owns 412,289 shares of the company’s stock worth $14,215,000 after buying an additional 249,502 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) opened at 31.59 on Friday. The company has a market capitalization of $6.54 billion, a PE ratio of 19.74 and a beta of 0.93. The company has a 50 day moving average price of $31.08 and a 200 day moving average price of $32.36. Gaming and Leisure Properties, Inc. has a 52 week low of $24.69 and a 52 week high of $35.98.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, February 2nd. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The firm earned $238.80 million during the quarter, compared to analyst estimates of $238.29 million. Gaming and Leisure Properties had a net margin of 34.93% and a return on equity of 18.96%. The company’s revenue for the quarter was up 85.6% on a year-over-year basis. During the same quarter last year, the business posted $0.25 EPS. On average, equities research analysts expect that Gaming and Leisure Properties, Inc. will post $1.75 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Monday, March 13th will be paid a $0.62 dividend. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $2.48 annualized dividend and a yield of 7.85%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 154.84%.

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A number of brokerages have recently issued reports on GLPI. Zacks Investment Research cut Gaming and Leisure Properties from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 10th. Buckingham Research began coverage on Gaming and Leisure Properties in a report on Tuesday, November 22nd. They set a “neutral” rating and a $33.00 price objective for the company. Bank of America Corporation cut Gaming and Leisure Properties from a “neutral” rating to an “underperform” rating in a report on Thursday, December 15th. Deutsche Bank AG reduced their price objective on Gaming and Leisure Properties from $40.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, December 7th. Finally, Morgan Stanley cut Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating in a report on Monday, December 12th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $34.86.

In other Gaming and Leisure Properties news, SVP Steven T. Snyder sold 181,843 shares of the stock in a transaction dated 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 sale, the senior vice president now owns 349,225 shares in the company, valued at approximately $10,546,595. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 22.36% of the company’s stock.

Gaming and Leisure Properties Company Profile

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.

5 Day Chart for NASDAQ:GLPI

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