Cwm LLC Increases Stake in Gaming and Leisure Properties, Inc. $GLPI

Cwm LLC increased its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 46.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,089 shares of the real estate investment trust’s stock after acquiring an additional 1,941 shares during the period. Cwm LLC’s holdings in Gaming and Leisure Properties were worth $284,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Private Trust Co. NA acquired a new position in shares of Gaming and Leisure Properties in the 1st quarter valued at $28,000. TD Private Client Wealth LLC increased its holdings in shares of Gaming and Leisure Properties by 64.2% during the 1st quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 213 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Gaming and Leisure Properties in the 2nd quarter worth $30,000. REAP Financial Group LLC raised its position in shares of Gaming and Leisure Properties by 66.0% in the 2nd quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 264 shares during the period. Finally, Wayfinding Financial LLC acquired a new position in Gaming and Leisure Properties in the first quarter valued at $33,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Down 0.5%

Shares of NASDAQ:GLPI opened at $44.81 on Monday. The company has a market capitalization of $12.68 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 9.75 and a beta of 0.74. The company has a 50 day moving average of $46.67 and a two-hundred day moving average of $46.91. Gaming and Leisure Properties, Inc. has a 52-week low of $44.21 and a 52-week high of $52.27. The company has a quick ratio of 7.39, a current ratio of 7.39 and a debt-to-equity ratio of 1.41.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.01). The firm had revenue of $394.90 million for the quarter, compared to analyst estimates of $397.27 million. Gaming and Leisure Properties had a return on equity of 15.43% and a net margin of 46.32%.The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.94 earnings per share. As a group, analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a $0.78 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.12 dividend on an annualized basis and a yield of 7.0%. Gaming and Leisure Properties’s payout ratio is currently 120.93%.

Insiders Place Their Bets

In other news, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total transaction of $139,620.00. Following the completion of the sale, the director directly owned 133,953 shares in the company, valued at $6,234,172.62. This trade represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.26% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GLPI. Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Saturday. Mizuho raised their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. Cantor Fitzgerald started coverage on shares of Gaming and Leisure Properties in a research note on Wednesday, October 1st. They set a “neutral” rating and a $51.00 price objective for the company. Stifel Nicolaus lowered shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating and set a $51.25 price objective for the company. in a research report on Monday, July 21st. Finally, Barclays upgraded shares of Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $51.00 to $54.00 in a report on Monday, October 20th. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Gaming and Leisure Properties currently has a consensus rating of “Hold” and an average price target of $52.94.

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.