Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 4.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 266,821 shares of the real estate investment trust’s stock after selling 13,326 shares during the quarter. Mackenzie Financial Corp owned 0.10% of Gaming and Leisure Properties worth $12,063,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC purchased a new position in Gaming and Leisure Properties in the second quarter valued at about $31,000. EdgeRock Capital LLC purchased a new position in shares of Gaming and Leisure Properties during the 2nd quarter valued at approximately $33,000. MCF Advisors LLC grew its position in shares of Gaming and Leisure Properties by 416.7% during the first quarter. MCF Advisors LLC now owns 744 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 600 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Gaming and Leisure Properties by 18,500.0% during the second quarter. Versant Capital Management Inc now owns 744 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 740 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Gaming and Leisure Properties by 578.4% in the second quarter. EverSource Wealth Advisors LLC now owns 692 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 590 shares during the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on GLPI shares. Stifel Nicolaus raised their price objective on shares of Gaming and Leisure Properties from $52.00 to $52.50 and gave the stock a “buy” rating in a report on Friday, July 26th. Morgan Stanley reaffirmed an “overweight” rating and set a $53.00 target price on shares of Gaming and Leisure Properties in a report on Friday, June 21st. Raymond James upped their price target on Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a research report on Wednesday, August 21st. UBS Group lifted their price objective on shares of Gaming and Leisure Properties from $56.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Finally, Wells Fargo & Company raised their price target on shares of Gaming and Leisure Properties from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, August 26th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.11.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,605 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $48.89, for a total value of $274,028.45. Following the transaction, the director now owns 156,685 shares in the company, valued at $7,660,329.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,605 shares of Gaming and Leisure Properties stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $48.89, for a total value of $274,028.45. Following the completion of the sale, the director now directly owns 156,685 shares in the company, valued at $7,660,329.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Brandon John Moore sold 30,900 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $50.05, for a total transaction of $1,546,545.00. Following the transaction, the chief operating officer now owns 208,977 shares in the company, valued at approximately $10,459,298.85. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,478 shares of company stock worth $2,495,429. Corporate insiders own 4.40% of the company’s stock.

Gaming and Leisure Properties Stock Performance

Shares of GLPI stock opened at $50.75 on Monday. The firm has a market capitalization of $13.78 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 5.36 and a beta of 0.99. The company has a debt-to-equity ratio of 1.49, a current ratio of 5.91 and a quick ratio of 5.91. Gaming and Leisure Properties, Inc. has a 12-month low of $41.80 and a 12-month high of $52.60. The business has a 50 day simple moving average of $50.41 and a 200 day simple moving average of $46.70.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.15). The firm had revenue of $380.60 million for the quarter, compared to analyst estimates of $377.95 million. Gaming and Leisure Properties had a return on equity of 17.60% and a net margin of 52.79%. Gaming and Leisure Properties’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 earnings per share. On average, equities research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a $0.76 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.04 dividend on an annualized basis and a yield of 5.99%. Gaming and Leisure Properties’s payout ratio is 112.18%.

Gaming and Leisure Properties 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.