Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Stock Holdings Lifted by Private Advisor Group LLC

Private Advisor Group LLC lifted its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 9.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,646 shares of the real estate investment trust’s stock after buying an additional 1,152 shares during the period. Private Advisor Group LLC’s holdings in Gaming and Leisure Properties were worth $702,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC bought a new position in shares of Gaming and Leisure Properties during the second quarter valued at approximately $31,000. EdgeRock Capital LLC acquired a new position in Gaming and Leisure Properties during the 2nd quarter valued at approximately $33,000. Versant Capital Management Inc grew its stake in Gaming and Leisure Properties by 18,500.0% during the 2nd 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 during the last quarter. EverSource Wealth Advisors LLC increased its position in 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 period. Finally, UMB Bank n.a. lifted its stake in Gaming and Leisure Properties by 388.2% in the third quarter. UMB Bank n.a. now owns 869 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 691 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Price Performance

NASDAQ GLPI opened at $49.82 on Monday. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year high of $52.60. The business’s fifty day moving average is $51.14 and its two-hundred day moving average is $47.73. The stock has a market capitalization of $13.67 billion, a P/E ratio of 17.42, a P/E/G ratio of 2.16 and a beta of 0.99. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.25). The company had revenue of $385.34 million for the quarter, compared to analysts’ expectations of $385.09 million. Gaming and Leisure Properties had a net margin of 51.93% and a return on equity of 17.31%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.92 earnings per share. On average, research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.76 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.10%. Gaming and Leisure Properties’s dividend payout ratio is currently 106.29%.

Insider Activity

In related news, Director E Scott Urdang sold 5,605 shares of the firm’s 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 transaction, the director now owns 156,685 shares of the company’s stock, valued at approximately $7,660,329.65. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,605 shares of Gaming and Leisure Properties stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $48.89, for a total transaction of $274,028.45. Following the transaction, the director now owns 156,685 shares of the company’s stock, valued at $7,660,329.65. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Desiree A. Burke sold 12,973 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $52.02, for a total transaction of $674,855.46. Following the completion of the sale, the chief financial officer now directly owns 108,073 shares of the company’s stock, valued at $5,621,957.46. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,363 shares of company stock worth $2,840,781 over the last 90 days. 4.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on GLPI shares. Wells Fargo & Company restated an “equal weight” rating and set a $52.00 price target (up previously from $51.00) on shares of Gaming and Leisure Properties in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Stifel Nicolaus raised their price target on shares of Gaming and Leisure Properties from $52.00 to $52.50 and gave the company a “buy” rating in a research note on Friday, July 26th. JMP Securities reiterated a “market outperform” rating and set a $55.00 price objective on shares of Gaming and Leisure Properties in a research report on Tuesday, October 29th. Finally, UBS Group increased their price objective on Gaming and Leisure Properties from $56.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Gaming and Leisure Properties currently has an average rating of “Moderate Buy” and a consensus price target of $52.18.

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.