Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Sold by Signaturefd LLC

Signaturefd LLC decreased its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 19.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,173 shares of the real estate investment trust’s stock after selling 513 shares during the period. Signaturefd LLC’s holdings in Gaming and Leisure Properties were worth $107,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GLPI. Operose Advisors LLC purchased a new stake in shares of Gaming and Leisure Properties in the third quarter worth about $32,000. Armstrong Advisory Group Inc. lifted its position in Gaming and Leisure Properties by 166.2% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,203 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 751 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Gaming and Leisure Properties in the 3rd quarter worth approximately $79,000. CWM LLC grew its position in Gaming and Leisure Properties by 38.7% in the third quarter. CWM LLC now owns 1,954 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 545 shares in the last quarter. Finally, Rocky Mountain Advisers LLC purchased a new stake in shares of Gaming and Leisure Properties during the fourth quarter valued at approximately $103,000. 91.14% of the stock is owned by institutional investors and hedge funds.

Gaming and Leisure Properties Stock Performance

Gaming and Leisure Properties stock opened at $43.20 on Tuesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 6.47 and a quick ratio of 6.47. Gaming and Leisure Properties, Inc. has a 12 month low of $41.80 and a 12 month high of $52.31. The company has a fifty day moving average price of $44.78 and a two-hundred day moving average price of $45.84. The company has a market cap of $11.73 billion, a PE ratio of 15.94, a P/E/G ratio of 5.31 and a beta of 0.94.

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 the consensus estimate of $0.90 by ($0.26). The business had revenue of $376.00 million during the quarter, compared to analyst estimates of $368.44 million. Gaming and Leisure Properties had a net margin of 50.05% and a return on equity of 16.79%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm posted $0.92 earnings per share. Research analysts expect that Gaming and Leisure Properties, Inc. will post 3.66 earnings per share for the current year.

Gaming and Leisure Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 7.04%. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.73. The ex-dividend date was Thursday, March 14th. Gaming and Leisure Properties’s dividend payout ratio is presently 112.18%.

Insider Buying and Selling

In related news, Director E Scott Urdang bought 2,500 shares of the company’s stock in a transaction on Friday, March 1st. The shares were purchased at an average cost of $45.00 per share, with a total value of $112,500.00. Following the completion of the transaction, the director now directly owns 156,685 shares of the company’s stock, valued at $7,050,825. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.40% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Morgan Stanley dropped their price target on shares of Gaming and Leisure Properties from $55.00 to $53.00 and set an “overweight” rating on the stock in a research note on Thursday, March 21st. StockNews.com upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th. Mizuho lowered their price objective on Gaming and Leisure Properties from $50.00 to $47.00 and set a “neutral” rating for the company in a research note on Thursday, March 7th. Royal Bank of Canada cut their target price on Gaming and Leisure Properties from $49.00 to $47.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, JMP Securities reissued a “market outperform” rating and set a $53.00 price target on shares of Gaming and Leisure Properties in a research report on Monday, March 4th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Gaming and Leisure Properties presently has an average rating of “Moderate Buy” and a consensus target price of $51.91.

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.