Allianz Asset Management GmbH Has $19.28 Million Stake in Gaming and Leisure Properties Inc (GLPI)

Allianz Asset Management GmbH increased its position in Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 546,897 shares of the real estate investment trust’s stock after buying an additional 5,974 shares during the period. Allianz Asset Management GmbH owned about 0.26% of Gaming and Leisure Properties worth $19,278,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. increased its position in Gaming and Leisure Properties by 2.4% during the third quarter. BlackRock Inc. now owns 15,037,257 shares of the real estate investment trust’s stock worth $530,065,000 after purchasing an additional 354,756 shares during the last quarter. Renaissance Technologies LLC increased its position in Gaming and Leisure Properties by 14.9% during the second quarter. Renaissance Technologies LLC now owns 9,056,089 shares of the real estate investment trust’s stock worth $324,208,000 after purchasing an additional 1,174,600 shares during the last quarter. FMR LLC increased its position in Gaming and Leisure Properties by 20.3% during the second quarter. FMR LLC now owns 5,365,666 shares of the real estate investment trust’s stock worth $192,091,000 after purchasing an additional 905,752 shares during the last quarter. Millennium Management LLC increased its position in Gaming and Leisure Properties by 23.3% during the second quarter. Millennium Management LLC now owns 3,084,735 shares of the real estate investment trust’s stock worth $110,434,000 after purchasing an additional 582,081 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Gaming and Leisure Properties by 2.4% during the third quarter. Dimensional Fund Advisors LP now owns 3,067,409 shares of the real estate investment trust’s stock worth $108,121,000 after purchasing an additional 71,176 shares during the last quarter. 87.09% of the stock is owned by institutional investors and hedge funds.

In other Gaming and Leisure Properties news, Director David A. Handler acquired 11,000 shares of the company’s stock in a transaction dated Friday, November 9th. The stock was bought at an average price of $33.50 per share, with a total value of $368,500.00. Following the completion of the transaction, the director now directly owns 323,461 shares of the company’s stock, valued at $10,835,943.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director E Scott Urdang acquired 14,000 shares of the company’s stock in a transaction dated Monday, November 5th. The stock was acquired at an average cost of $33.72 per share, with a total value of $472,080.00. Following the transaction, the director now directly owns 76,971 shares of the company’s stock, valued at $2,595,462.12. The disclosure for this purchase can be found here. Insiders bought 26,000 shares of company stock valued at $873,910 in the last three months. Company insiders own 5.88% of the company’s stock.

Several equities analysts recently commented on GLPI shares. BidaskClub lowered shares of Gaming and Leisure Properties from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 22nd. SunTrust Banks reaffirmed a “buy” rating and set a $39.00 price target on shares of Gaming and Leisure Properties in a research report on Tuesday, October 2nd. Credit Suisse Group started coverage on shares of Gaming and Leisure Properties in a research report on Tuesday, August 14th. They set an “outperform” rating and a $41.00 price target for the company. Barclays upped their price target on shares of Gaming and Leisure Properties from $45.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, November 19th. Finally, Oppenheimer started coverage on shares of Gaming and Leisure Properties in a research report on Tuesday, August 14th. They set an “outperform” rating and a $41.00 price target for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $39.55.

Gaming and Leisure Properties stock opened at $34.72 on Friday. Gaming and Leisure Properties Inc has a 52-week low of $32.51 and a 52-week high of $37.29. The firm has a market capitalization of $7.29 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 1.26 and a beta of 0.76. The company has a quick ratio of 10.00, a current ratio of 10.00 and a debt-to-equity ratio of 2.31.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.26). Gaming and Leisure Properties had a return on equity of 16.10% and a net margin of 38.95%. The business had revenue of $254.14 million during the quarter, compared to analyst estimates of $255.55 million. During the same period in the previous year, the company earned $0.45 EPS. Gaming and Leisure Properties’s revenue was up 3.9% on a year-over-year basis. Research analysts anticipate that Gaming and Leisure Properties Inc will post 3.1 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be given a $0.68 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $2.72 annualized dividend and a dividend yield of 7.83%. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.63. Gaming and Leisure Properties’s dividend payout ratio is presently 80.00%.

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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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