Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Sold by Stephens Inc. AR

Stephens Inc. AR lowered its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 10.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,299 shares of the real estate investment trust’s stock after selling 515 shares during the quarter. Stephens Inc. AR’s holdings in Gaming and Leisure Properties were worth $219,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. GF Fund Management CO. LTD. boosted its position in Gaming and Leisure Properties by 4.2% during the first quarter. GF Fund Management CO. LTD. now owns 5,197 shares of the real estate investment trust’s stock worth $265,000 after acquiring an additional 211 shares during the last quarter. TD Private Client Wealth LLC raised its stake in Gaming and Leisure Properties by 64.2% during the first quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 213 shares during the period. Pure Financial Advisors LLC raised its stake in Gaming and Leisure Properties by 2.6% during the first quarter. Pure Financial Advisors LLC now owns 8,676 shares of the real estate investment trust’s stock worth $442,000 after purchasing an additional 221 shares during the period. Freedom Investment Management Inc. raised its stake in Gaming and Leisure Properties by 3.8% during the fourth quarter. Freedom Investment Management Inc. now owns 6,063 shares of the real estate investment trust’s stock worth $292,000 after purchasing an additional 222 shares during the period. Finally, Seeds Investor LLC raised its stake in Gaming and Leisure Properties by 3.6% during the fourth quarter. Seeds Investor LLC now owns 7,350 shares of the real estate investment trust’s stock worth $354,000 after purchasing an additional 254 shares during the period. Institutional investors and hedge funds own 91.14% of the company’s stock.

Analyst Upgrades and Downgrades

GLPI has been the topic of a number of recent analyst reports. Macquarie reaffirmed an “outperform” rating and set a $60.00 price target on shares of Gaming and Leisure Properties in a research note on Friday, April 25th. Mizuho cut their price target on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, June 16th. Scotiabank cut their price target 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 target price on shares of Gaming and Leisure Properties in a research note on Monday, April 28th. Finally, Royal Bank Of Canada cut their target price on shares of Gaming and Leisure Properties from $56.00 to $54.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Six research analysts have rated the stock with a hold rating and eight 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 price target of $53.68.

Gaming and Leisure Properties Price Performance

GLPI opened at $47.70 on Monday. The company has a fifty day simple moving average of $46.92 and a 200 day simple moving average of $48.09. The firm has a market cap of $13.11 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 10.39 and a beta of 0.72. Gaming and Leisure Properties, Inc. has a twelve month low of $44.48 and a twelve month high of $52.60. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 1.51.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.96 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.96. The business had revenue of $395.24 million during the quarter, compared to analyst estimates of $396.27 million. Gaming and Leisure Properties had a net margin of 50.41% and a return on equity of 17.02%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the business earned $0.92 EPS. Equities research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were issued a dividend of $0.78 per share. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.76. This represents a $3.12 annualized dividend and a yield of 6.54%. The ex-dividend date of this dividend was Friday, June 13th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 111.03%.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the firm’s stock in a transaction on Friday, June 13th. The shares were sold at an average price of $46.58, for a total transaction of $186,320.00. Following the completion of the transaction, the director directly owned 136,953 shares of the company’s stock, valued at $6,379,270.74. This trade represents a 2.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.26% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties Company 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.