Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Stock Holdings Reduced by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lessened its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 16.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,631 shares of the real estate investment trust’s stock after selling 3,792 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Gaming and Leisure Properties were worth $948,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in GLPI. Dodge & Cox raised its stake in shares of Gaming and Leisure Properties by 75.3% in the 4th quarter. Dodge & Cox now owns 13,498,634 shares of the real estate investment trust’s stock valued at $650,094,000 after acquiring an additional 5,797,299 shares in the last quarter. Franklin Resources Inc. grew its holdings in Gaming and Leisure Properties by 4.7% during the fourth quarter. Franklin Resources Inc. now owns 12,830,944 shares of the real estate investment trust’s stock valued at $617,938,000 after purchasing an additional 571,720 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Gaming and Leisure Properties by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 6,245,884 shares of the real estate investment trust’s stock valued at $300,395,000 after purchasing an additional 165,024 shares during the period. Norges Bank bought a new position in shares of Gaming and Leisure Properties in the fourth quarter valued at approximately $176,123,000. Finally, Northern Trust Corp lifted its stake in shares of Gaming and Leisure Properties by 48.2% in the fourth quarter. Northern Trust Corp now owns 2,873,006 shares of the real estate investment trust’s stock worth $138,364,000 after buying an additional 933,842 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on GLPI. Scotiabank lowered their target price on shares of Gaming and Leisure Properties from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, May 12th. Wedbush set a $55.00 price target on Gaming and Leisure Properties in a research report on Monday, April 28th. Barclays lifted their price objective on Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 22nd. Royal Bank Of Canada decreased their target price on Gaming and Leisure Properties from $56.00 to $54.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Gaming and Leisure Properties in a research report on Friday, April 25th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Gaming and Leisure Properties presently has an average rating of “Moderate Buy” and a consensus target price of $54.17.

Gaming and Leisure Properties Stock Performance

NASDAQ:GLPI opened at $48.21 on Friday. The firm has a market capitalization of $13.25 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 3.34 and a beta of 0.72. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 1.51. Gaming and Leisure Properties, Inc. has a 12-month low of $44.45 and a 12-month high of $52.60. The firm has a 50-day moving average price of $46.80 and a 200 day moving average price of $48.09.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, April 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.96. Gaming and Leisure Properties had a return on equity of 17.02% and a net margin of 50.41%. The business had revenue of $395.24 million during the quarter, compared to analysts’ expectations of $396.27 million. During the same period in the prior year, the firm posted $0.92 EPS. Gaming and Leisure Properties’s quarterly revenue was up 5.1% compared to the same quarter last year. Research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a $0.78 dividend. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.76. The ex-dividend date was Friday, June 13th. This represents a $3.12 annualized dividend and a dividend yield of 6.47%. Gaming and Leisure Properties’s dividend payout ratio is presently 111.03%.

Insider Activity

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the business’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $46.58, for a total value of $186,320.00. Following the transaction, the director directly owned 136,953 shares in the company, valued at $6,379,270.74. The trade was a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.26% of the stock is owned by company insiders.

Gaming and Leisure Properties Profile

Gaming & Leisure Properties, Inc engages in the provision of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.