Gateway Investment Advisers LLC Has $1.83 Million Stock Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Gateway Investment Advisers LLC lifted its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 85.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,925 shares of the real estate investment trust's stock after purchasing an additional 17,511 shares during the period. Gateway Investment Advisers LLC's holdings in Gaming and Leisure Properties were worth $1,826,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GLPI. Assetmark Inc. grew its stake in Gaming and Leisure Properties by 2,547.6% in the 3rd quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 535 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Gaming and Leisure Properties by 142.2% in the third quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 384 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Gaming and Leisure Properties by 578.4% in the second quarter. EverSource Wealth Advisors LLC now owns 692 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 590 shares during the period. Abich Financial Wealth Management LLC lifted its position in shares of Gaming and Leisure Properties by 3,191.3% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 757 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 734 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Gaming and Leisure Properties during the 3rd quarter worth about $39,000. 91.14% of the stock is owned by institutional investors and hedge funds.

Gaming and Leisure Properties Price Performance

GLPI stock traded up $0.06 during trading on Friday, hitting $48.05. The company had a trading volume of 934,872 shares, compared to its average volume of 1,051,206. The company has a fifty day moving average price of $48.96 and a two-hundred day moving average price of $49.62. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $52.60. The company has a market cap of $13.18 billion, a P/E ratio of 16.80, a P/E/G ratio of 1.86 and a beta of 0.99. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62.

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

Gaming and Leisure Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 6.33%. The ex-dividend date of this dividend was Friday, December 6th. Gaming and Leisure Properties's payout ratio is 106.29%.

Analysts Set New Price Targets

GLPI has been the topic of several recent analyst reports. StockNews.com downgraded Gaming and Leisure Properties from a "buy" rating to a "hold" rating in a research report on Monday, October 28th. Barclays started coverage on shares of Gaming and Leisure Properties in a research report on Tuesday, December 17th. They set an "equal weight" rating and a $54.53 target price on the stock. JMP Securities reissued a "market outperform" rating and issued a $55.00 price target on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Mizuho dropped 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 report on Thursday, November 14th. Finally, Scotiabank reduced their target price on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating for the company in a research note on Thursday. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $53.93.

Insider Activity

In related news, Director E Scott Urdang sold 3,000 shares of the firm's stock in a transaction on Monday, November 4th. The stock was sold at an average price of $50.39, for a total transaction of $151,170.00. Following the completion of the sale, the director now directly owns 146,800 shares of the company's stock, valued at $7,397,252. This trade represents a 2.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Matthew Demchyk sold 1,149 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $47.80, for a total value of $54,922.20. Following the completion of the transaction, the senior vice president now directly owns 91,620 shares in the company, valued at approximately $4,379,436. This represents a 1.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,016 shares of company stock worth $741,943. Insiders own 4.37% of the company's stock.

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.