Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Bought by Sound Income Strategies LLC

Sound Income Strategies LLC raised its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 298,097 shares of the real estate investment trust's stock after buying an additional 26,195 shares during the period. Sound Income Strategies LLC owned approximately 0.11% of Gaming and Leisure Properties worth $14,356,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of GLPI. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its position in Gaming and Leisure Properties by 5.7% during the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,244,056 shares of the real estate investment trust's stock worth $59,379,000 after buying an additional 67,320 shares in the last quarter. Aspire Private Capital LLC lifted its stake in shares of Gaming and Leisure Properties by 3.6% during the fourth quarter. Aspire Private Capital LLC now owns 15,950 shares of the real estate investment trust's stock valued at $768,000 after buying an additional 556 shares during the period. Atomi Financial Group Inc. boosted its position in Gaming and Leisure Properties by 6.9% during the fourth quarter. Atomi Financial Group Inc. now owns 5,791 shares of the real estate investment trust's stock worth $279,000 after acquiring an additional 374 shares during the last quarter. Pure Financial Advisors LLC grew its stake in Gaming and Leisure Properties by 6.3% in the 4th quarter. Pure Financial Advisors LLC now owns 8,455 shares of the real estate investment trust's stock worth $407,000 after acquiring an additional 500 shares during the period. Finally, UMB Bank n.a. raised its holdings in Gaming and Leisure Properties by 57.4% in the 4th quarter. UMB Bank n.a. now owns 1,368 shares of the real estate investment trust's stock valued at $66,000 after acquiring an additional 499 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Gaming and Leisure Properties Stock Up 0.7 %

GLPI traded up $0.33 on Friday, reaching $48.11. The company's stock had a trading volume of 861,569 shares, compared to its average volume of 1,025,530. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year high of $52.60. The business's 50 day moving average is $48.90 and its 200 day moving average is $49.69. The stock has a market cap of $13.20 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released 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). The company had revenue of $385.34 million for the quarter, compared to analyst estimates of $385.09 million. Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. The firm's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 EPS. As a group, research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 6.32%. The ex-dividend date of this dividend was Friday, December 6th. Gaming and Leisure Properties's payout ratio is currently 106.29%.

Insider Activity

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 1,149 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $47.80, for a total transaction of $54,922.20. Following the completion of the sale, the senior vice president now owns 91,620 shares in the company, valued at $4,379,436. The trade was a 1.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director E Scott Urdang sold 6,885 shares of Gaming and Leisure Properties stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $50.16, for a total transaction of $345,351.60. Following the completion of the transaction, the director now directly owns 149,800 shares of the company's stock, valued at $7,513,968. This trade represents a 4.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,490 shares of company stock worth $1,251,189. 4.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Barclays initiated coverage on Gaming and Leisure Properties in a research note on Tuesday, December 17th. They issued an "equal weight" rating and a $54.53 target price for the company. Morgan Stanley cut Gaming and Leisure Properties from an "overweight" rating to an "equal weight" rating and set a $53.00 target price on the stock. in a report on Wednesday, January 15th. JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $49.00 to $54.00 in a research report on Friday, December 13th. StockNews.com cut shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating in a research report on Monday, October 28th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a "hold" rating to a "buy" rating and increased their price objective for the stock from $49.00 to $54.00 in a research report on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Gaming and Leisure Properties presently has an average rating of "Moderate Buy" and an average target price of $53.93.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in 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.