Willingdon Wealth Management Buys 2,776 Shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI)

Willingdon Wealth Management grew its holdings in shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 2.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,677 shares of the real estate investment trust’s stock after acquiring an additional 2,776 shares during the period. Willingdon Wealth Management’s holdings in Gaming and Leisure Properties were worth $3,924,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of GLPI. Dimensional Fund Advisors LP grew its position in Gaming and Leisure Properties by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,077,424 shares of the real estate investment trust’s stock worth $99,432,000 after buying an additional 10,015 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Gaming and Leisure Properties by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 2,989,909 shares of the real estate investment trust’s stock valued at $96,603,000 after purchasing an additional 55,706 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Gaming and Leisure Properties by 2.4% in the 1st quarter. State of Alaska Department of Revenue now owns 91,018 shares of the real estate investment trust’s stock valued at $3,507,000 after purchasing an additional 2,108 shares in the last quarter. Gateway Investment Advisers LLC boosted its holdings in shares of Gaming and Leisure Properties by 8.3% in the 1st quarter. Gateway Investment Advisers LLC now owns 6,732 shares of the real estate investment trust’s stock valued at $260,000 after purchasing an additional 514 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Gaming and Leisure Properties in the 1st quarter valued at $647,000. Hedge funds and other institutional investors own 89.95% of the company’s stock.

A number of equities research analysts have weighed in on GLPI shares. Scotiabank started coverage on Gaming and Leisure Properties in a report on Monday, July 29th. They issued an “outperform” rating on the stock. BidaskClub upgraded Gaming and Leisure Properties from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 31st. Zacks Investment Research cut Gaming and Leisure Properties from a “hold” rating to a “sell” rating in a research note on Monday. Nomura set a $42.00 price target on Gaming and Leisure Properties and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, Morgan Stanley set a $47.00 price target on Gaming and Leisure Properties and gave the company a “buy” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $43.00.



NASDAQ:GLPI traded up $0.40 during trading hours on Tuesday, hitting $38.24. 100,661 shares of the company were exchanged, compared to its average volume of 1,423,321. The company has a market cap of $8.17 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of 1.24 and a beta of 0.53. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 2.72. Gaming and Leisure Properties Inc has a one year low of $31.19 and a one year high of $40.82. The business’s fifty day moving average is $38.47.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.33). The company had revenue of $289.01 million for the quarter, compared to the consensus estimate of $289.64 million. Gaming and Leisure Properties had a return on equity of 14.79% and a net margin of 29.69%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 earnings per share. On average, research analysts anticipate that Gaming and Leisure Properties Inc will post 3.33 EPS for the current year.

About Gaming and Leisure Properties

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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