E&G Advisors LP Trims Stock Holdings in Gaming and Leisure Properties Inc (NASDAQ:GLPI)

E&G Advisors LP decreased its holdings in shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 13.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,700 shares of the real estate investment trust’s stock after selling 900 shares during the period. E&G Advisors LP’s holdings in Gaming and Leisure Properties were worth $222,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Dimensional Fund Advisors LP increased its position in shares of Gaming and Leisure Properties by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,077,424 shares of the real estate investment trust’s stock valued at $99,432,000 after buying an additional 10,015 shares in the last quarter. Geode Capital Management LLC increased its holdings in Gaming and Leisure Properties by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 2,989,909 shares of the real estate investment trust’s stock worth $96,603,000 after purchasing an additional 55,706 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Gaming and Leisure Properties during the 4th quarter worth approximately $1,099,000. Macquarie Group Ltd. increased its holdings in shares of Gaming and Leisure Properties by 31.4% in the 4th quarter. Macquarie Group Ltd. now owns 115,000 shares of the real estate investment trust’s stock valued at $3,715,000 after acquiring an additional 27,500 shares during the last quarter. Finally, Amalgamated Bank increased its holdings in shares of Gaming and Leisure Properties by 17.0% in the 4th quarter. Amalgamated Bank now owns 40,261 shares of the real estate investment trust’s stock valued at $1,301,000 after acquiring an additional 5,863 shares during the last quarter. 89.95% of the stock is owned by institutional investors and hedge funds.

GLPI has been the subject of a number of research analyst reports. Scotiabank began coverage on Gaming and Leisure Properties in a report on Monday, July 29th. They issued an “outperform” rating for the company. Nomura set a $42.00 price objective on Gaming and Leisure Properties and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Zacks Investment Research lowered Gaming and Leisure Properties from a “hold” rating to a “sell” rating in a research report on Monday. BidaskClub raised Gaming and Leisure Properties from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 31st. Finally, Morgan Stanley set a $47.00 price objective on Gaming and Leisure Properties and gave the stock a “buy” rating in a report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. Gaming and Leisure Properties currently has an average rating of “Hold” and an average price target of $43.22.

Shares of NASDAQ GLPI opened at $37.06 on Friday. Gaming and Leisure Properties Inc has a fifty-two week low of $31.19 and a fifty-two week high of $40.82. The stock has a market cap of $8.21 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 1.27 and a beta of 0.53. The company has a debt-to-equity ratio of 2.78, a quick ratio of 2.99 and a current ratio of 4.80. The firm’s 50-day simple moving average is $38.37 and its 200 day simple moving average is $38.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.33). Gaming and Leisure Properties had a net margin of 29.69% and a return on equity of 14.98%. The business had revenue of $289.01 million during the quarter, compared to the consensus estimate of $289.64 million. During the same period in the previous year, the business posted $0.43 EPS. Gaming and Leisure Properties’s revenue was up 13.7% compared to the same quarter last year. On average, sell-side analysts predict 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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