Systematic Financial Management LP Sells 124,044 Shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI)

Systematic Financial Management LP reduced its holdings in shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 72.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,267 shares of the real estate investment trust’s stock after selling 124,044 shares during the quarter. Systematic Financial Management LP’s holdings in Gaming and Leisure Properties were worth $1,842,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. PGGM Investments raised its stake in shares of Gaming and Leisure Properties by 85.4% in the first quarter. PGGM Investments now owns 8,278,672 shares of the real estate investment trust’s stock valued at $319,308,000 after buying an additional 3,812,672 shares during the period. Dimensional Fund Advisors LP raised its stake 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 during the period. LSV Asset Management raised its stake in shares of Gaming and Leisure Properties by 200.9% in the first quarter. LSV Asset Management now owns 3,077,132 shares of the real estate investment trust’s stock valued at $118,684,000 after buying an additional 2,054,581 shares during the period. Geode Capital Management LLC raised its stake in shares of Gaming and Leisure Properties by 1.9% in the fourth 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 buying an additional 55,706 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Gaming and Leisure Properties by 3.2% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,741,203 shares of the real estate investment trust’s stock valued at $67,160,000 after buying an additional 54,692 shares during the period. Institutional investors and hedge funds own 89.86% of the company’s stock.

Shares of NASDAQ GLPI traded down $0.38 during mid-day trading on Friday, hitting $37.42. The company had a trading volume of 18,294 shares, compared to its average volume of 1,428,393. The firm has a market capitalization of $8.14 billion, a P/E ratio of 11.77, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. Gaming and Leisure Properties Inc has a 1 year low of $31.19 and a 1 year high of $40.82. The company has a debt-to-equity ratio of 2.72, a current ratio of 2.99 and a quick ratio of 2.99. The business’s 50-day simple moving average is $38.69.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.33). Gaming and Leisure Properties had a return on equity of 14.58% and a net margin of 30.54%. The business had revenue of $289.01 million for the quarter, compared to analysts’ expectations of $289.64 million. During the same quarter in the previous year, the firm earned $0.43 earnings per share. Gaming and Leisure Properties’s quarterly revenue was up 13.7% compared to the same quarter last year. As a group, research analysts forecast that Gaming and Leisure Properties Inc will post 3.35 earnings per share for the current year.

Several analysts have issued reports on the company. BidaskClub upgraded Gaming and Leisure Properties from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 31st. Morgan Stanley lifted their price target on Gaming and Leisure Properties from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Zacks Investment Research cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. Scotiabank assumed coverage on Gaming and Leisure Properties in a research report on Monday, July 29th. They issued an “outperform” rating for the company. Finally, Deutsche Bank reiterated a “buy” rating and issued a $47.00 price target on shares of Gaming and Leisure Properties in a research report on Sunday, May 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $43.10.

Gaming and Leisure Properties Company 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.

See Also: Quiet Period

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

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