Mutual of America Capital Management LLC Has $10.21 Million Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Mutual of America Capital Management LLC cut its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 0.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 221,605 shares of the real estate investment trust’s stock after selling 1,769 shares during the period. Mutual of America Capital Management LLC’s holdings in Gaming and Leisure Properties were worth $10,209,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in shares of Gaming and Leisure Properties in the 4th quarter valued at about $30,000. EdgeRock Capital LLC bought a new position in Gaming and Leisure Properties in the 4th quarter valued at about $33,000. MCF Advisors LLC raised its holdings in Gaming and Leisure Properties by 416.7% in the 1st quarter. MCF Advisors LLC now owns 744 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 600 shares during the period. Mather Group LLC. bought a new position in Gaming and Leisure Properties in the 1st quarter valued at about $42,000. Finally, GAMMA Investing LLC acquired a new position in shares of Gaming and Leisure Properties during the 4th quarter worth approximately $51,000. 91.14% of the stock is owned by institutional investors.

Gaming and Leisure Properties Trading Down 0.6 %

NASDAQ GLPI traded down $0.27 during mid-day trading on Tuesday, reaching $44.76. 142,476 shares of the stock were exchanged, compared to its average volume of 1,309,694. The company has a debt-to-equity ratio of 1.49, a current ratio of 6.47 and a quick ratio of 6.47. The stock has a market cap of $12.15 billion, a P/E ratio of 16.62, a P/E/G ratio of 5.25 and a beta of 0.98. The stock has a 50 day simple moving average of $44.37 and a 200-day simple moving average of $45.25. Gaming and Leisure Properties, Inc. has a one year low of $41.80 and a one year high of $50.06.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.26). The company had revenue of $376.00 million during the quarter, compared to analyst estimates of $368.44 million. Gaming and Leisure Properties had a return on equity of 16.79% and a net margin of 50.05%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 earnings per share. On average, analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.65 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.79%. The ex-dividend date was Friday, June 7th. Gaming and Leisure Properties’s dividend payout ratio is currently 112.18%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GLPI. Scotiabank increased their target price on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. Morgan Stanley reiterated an “overweight” rating and set a $53.00 price target on shares of Gaming and Leisure Properties in a research report on Friday, June 21st. Wedbush reiterated an “outperform” rating and set a $51.00 price target on shares of Gaming and Leisure Properties in a research report on Friday, May 17th. Wells Fargo & Company reduced their price target on shares of Gaming and Leisure Properties from $49.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 30th. Finally, JMP Securities reiterated a “market outperform” rating and set a $53.00 price target on shares of Gaming and Leisure Properties in a research report on Monday, June 17th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $50.18.

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.