Dividend Worth Mentioning: Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) advises investors to expect $0.60 dividends on Dec 16, 2016.

Dividend Worth Mentioning: Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) advises investors to expect $0.60 dividends on Dec 16, 2016.

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) is expected to pay $0.60 on Dec 16, 2016. The indicated annual dividend is $2.40. Shareholders owning the stock before Dec 1, 2016 will be eligible to receive the payout. Based on Gaming and Leisure Properties, Inc.’s current price of $32.11, the dividend is 1.87%. This dividend’s record date is Dec 5, 2016 and the announcement date is Nov 8, 2016. About 500 shares traded hands. Gaming and Leisure Properties Inc (NASDAQ:GLPI) has declined 3.80% since April 27, 2016 and is downtrending. It has underperformed by 9.03% the S&P500.

Gaming and Leisure Properties, Inc. is a self-administered and self-managed Pennsylvania real estate investment trust (REIT). The company has a market cap of $6.50 billion. The Firm is engaged in the business of acquiring, financing and owning real estate property to be leased to gaming operators in triple net lease arrangements. It has a 25.08 P/E ratio. The Company’s divisions include GLP Capital, L.P. (GLP Capital), which is a subsidiary of GLPI, through which GLPI owns all of its real estate assets, and the TRS Properties.

Insitutional Activity: The institutional sentiment decreased to 1.11 in Q2 2016. Its down 1.07, from 2.18 in 2016Q1. The ratio is negative, as 43 funds sold all Gaming and Leisure Properties Inc shares owned while 48 reduced positions. 68 funds bought stakes while 130 increased positions. They now own 182.09 million shares or 46.95% more from 123.92 million shares in 2016Q1.
Invesco Ltd owns 251,463 shares or 0% of their US portfolio. Cipher Capital Ltd Partnership has invested 0.1% of its portfolio in Gaming and Leisure Properties Inc (NASDAQ:GLPI). Blackrock Inc has invested 0.01% of its portfolio in Gaming and Leisure Properties Inc (NASDAQ:GLPI). The Georgia-based Voya Management Ltd Liability Company has invested 0.12% in Gaming and Leisure Properties Inc (NASDAQ:GLPI). Renaissance Ltd Liability, a New York-based fund reported 1.70M shares. Massachusetts Fincl Svcs Ma has invested 0% of its portfolio in Gaming and Leisure Properties Inc (NASDAQ:GLPI). Creative Planning accumulated 0% or 1,548 shares. Moreover, Mycio Wealth Partners Ltd Co has 0% invested in Gaming and Leisure Properties Inc (NASDAQ:GLPI) for 392 shares. Evercore Tru Na has invested 0.03% of its portfolio in Gaming and Leisure Properties Inc (NASDAQ:GLPI). Stevens Management Ltd Partnership reported 55,698 shares or 0.08% of all its holdings. Qcm Cayman Ltd has 12,704 shares for 0.19% of their US portfolio. Nomura Inc accumulated 0.02% or 184,819 shares. Tcw Gru Inc has 0.19% invested in the company for 744,474 shares. Dimensional Fund Limited Partnership last reported 1.49 million shares in the company. Affinity Invest Advsr Ltd holds 211,598 shares or 0.54% of its portfolio.

Insider Transactions: Since June 1, 2016, the stock had 1 buy, and 12 insider sales for $67.71 million net activity. 100,000 shares were sold by CLIFFORD WILLIAM J, worth $3.50M. CARLINO PETER M had sold 207,210 shares worth $7.05 million. Burke Desiree A. sold $4.68M worth of stock. $5.49 million worth of Gaming and Leisure Properties Inc (NASDAQ:GLPI) shares were sold by Snyder Steven T.. Shares for $462,560 were sold by Moore Brandon John on Tuesday, July 5. Urdang E Scott also bought $483,200 worth of Gaming and Leisure Properties Inc (NASDAQ:GLPI) shares.

Gaming and Leisure Properties Inc (NASDAQ:GLPI) Ratings Coverage

Out of 6 analysts covering Gaming and Leisure Properties (NASDAQ:GLPI), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. $40 is the highest target while $30 is the lowest. The $34.75 average target is 8.22% above today’s ($32.11) stock price. Gaming and Leisure Properties has been the topic of 9 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of Gaming and Leisure Properties Inc (NASDAQ:GLPI) has “Mkt Outperform” rating given on Tuesday, December 15 by JMP Securities. Morgan Stanley reinitiated the shares of GLPI in a report on Friday, April 1 with “Equal-Weight” rating. Deutsche Bank maintained the shares of GLPI in a report on Wednesday, August 10 with “Buy” rating. Zacks downgraded Gaming and Leisure Properties Inc (NASDAQ:GLPI) on Tuesday, August 4 to “Buy” rating. SunTrust initiated Gaming and Leisure Properties Inc (NASDAQ:GLPI) on Friday, April 8 with “Neutral” rating. Morgan Stanley upgraded the shares of GLPI in a report on Wednesday, September 7 to “Overweight” rating. The rating was initiated by UBS on Monday, September 26 with “Neutral”. The firm earned “Neutral” rating on Tuesday, November 22 by Buckingham Research.

More recent Gaming and Leisure Properties Inc (NASDAQ:GLPI) news were published by: Globenewswire.com which released: “Gaming and Leisure Properties, Inc. Schedules Third Quarter 2016 Earnings …” on October 17, 2016. Also Globenewswire.com published the news titled: “Gaming and Leisure Properties, Inc. Completes the Previously Announced …” on April 28, 2016. Post-Gazette.com‘s news article titled: “The Meadows Racetrack and Casino.” with publication date: December 16, 2015 was also an interesting one.

GLPI Company Profile

Gaming and Leisure Properties, Inc. (GLPI), incorporated on February 13, 2013, is a self-administered and self-managed Pennsylvania real estate investment trust (REIT). The Firm is engaged in the business of acquiring, financing and owning real estate property to be leased to gaming operators in triple net lease arrangements. The Company’s divisions include GLP Capital, L.P. (GLP Capital), which is a subsidiary of GLPI, through which GLPI owns all of its real estate assets, and the TRS Properties. The GLP Capital segment consists of the leased real property and represents the Company’s business. The TRS Properties segment consists of Hollywood Casino Perryville and Hollywood Casino Baton Rouge. The Company’s portfolio consists of approximately 20 gaming and related facilities, including the TRS Properties and the real property associated with over 20 gaming and related facilities operated by Penn National Gaming, Inc. (Penn) and the real property associated with the Casino Queen in East St. Louis, Illinois. These facilities are geographically diversified across over 10 states and contain approximately 7.0 million of rentable square feet.

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