Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 182.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,214 shares of the real estate investment trust’s stock after buying an additional 2,075 shares during the period. Advisors Asset Management Inc.’s holdings in Gaming and Leisure Properties were worth $165,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Gaming and Leisure Properties by 4.8% during the first quarter. B. Riley Wealth Advisors Inc. now owns 10,286 shares of the real estate investment trust’s stock valued at $469,000 after purchasing an additional 470 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Gaming and Leisure Properties by 52.8% in the first quarter. Cetera Investment Advisers now owns 54,504 shares of the real estate investment trust’s stock worth $2,511,000 after buying an additional 18,837 shares during the period. GAMMA Investing LLC increased its position in shares of Gaming and Leisure Properties by 41.6% in the second quarter. GAMMA Investing LLC now owns 1,545 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 454 shares in the last quarter. DNB Asset Management AS raised its holdings in shares of Gaming and Leisure Properties by 2.7% during the second quarter. DNB Asset Management AS now owns 40,644 shares of the real estate investment trust’s stock valued at $1,838,000 after acquiring an additional 1,086 shares during the period. Finally, Versant Capital Management Inc boosted its stake in Gaming and Leisure Properties by 18,500.0% in the 2nd quarter. Versant Capital Management Inc now owns 744 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 740 shares during the period. Institutional investors and hedge funds own 91.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. JMP Securities restated a “market outperform” rating and issued a $55.00 target price on shares of Gaming and Leisure Properties in a report on Tuesday, October 29th. StockNews.com downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Deutsche Bank Aktiengesellschaft raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and lifted their target price for the company from $49.00 to $54.00 in a research note on Wednesday, November 20th. Raymond James increased their price target on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Finally, Mizuho lowered their price objective on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.32.

Gaming and Leisure Properties Trading Down 0.1 %

Shares of NASDAQ:GLPI opened at $51.61 on Friday. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $14.16 billion, a PE ratio of 18.05, a P/E/G ratio of 2.19 and a beta of 0.99. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year high of $52.60. The firm has a fifty day moving average price of $50.58 and a 200 day moving average price of $48.60.

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

Gaming and Leisure Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 5.89%. The ex-dividend date of this dividend is Friday, December 6th. Gaming and Leisure Properties’s dividend payout ratio is 106.29%.

Insider Activity

In other news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $50.39, for a total value of $151,170.00. Following the transaction, the director now directly owns 146,800 shares in the company, valued at approximately $7,397,252. The trade was a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.37% of the company’s stock.

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.