Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Bought by GeoWealth Management LLC

GeoWealth Management LLC raised its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 51.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,860 shares of the real estate investment trust's stock after buying an additional 5,421 shares during the period. GeoWealth Management LLC's holdings in Gaming and Leisure Properties were worth $764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in GLPI. Barclays PLC grew its stake in Gaming and Leisure Properties by 129.1% in the third quarter. Barclays PLC now owns 896,831 shares of the real estate investment trust's stock worth $46,142,000 after purchasing an additional 505,382 shares in the last quarter. Morse Asset Management Inc lifted its holdings in shares of Gaming and Leisure Properties by 84.4% in the 3rd quarter. Morse Asset Management Inc now owns 14,560 shares of the real estate investment trust's stock worth $749,000 after buying an additional 6,665 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Gaming and Leisure Properties during the 3rd quarter worth $66,000. Franklin Resources Inc. grew its position in shares of Gaming and Leisure Properties by 7.8% during the 3rd quarter. Franklin Resources Inc. now owns 12,259,224 shares of the real estate investment trust's stock worth $641,059,000 after buying an additional 889,698 shares in the last quarter. Finally, Retirement Systems of Alabama increased its stake in shares of Gaming and Leisure Properties by 1.6% during the third quarter. Retirement Systems of Alabama now owns 741,120 shares of the real estate investment trust's stock valued at $38,131,000 after buying an additional 11,822 shares during the period. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Stock Performance

GLPI traded down $0.53 on Thursday, reaching $49.03. 1,289,974 shares of the stock were exchanged, compared to its average volume of 1,248,590. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. The company's 50-day moving average price is $49.44 and its 200 day moving average price is $49.37. The firm has a market capitalization of $13.48 billion, a PE ratio of 17.08, a PEG ratio of 2.01 and a beta of 0.72. Gaming and Leisure Properties, Inc. has a fifty-two week low of $42.20 and a fifty-two week high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its earnings results on Thursday, April 24th. The real estate investment trust reported $0.96 EPS for the quarter, hitting analysts' consensus estimates of $0.96. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. As a group, sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 6.20%. The ex-dividend date was Friday, March 14th. Gaming and Leisure Properties's dividend payout ratio (DPR) is currently 105.92%.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 17,617 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $49.40, for a total transaction of $870,279.80. Following the sale, the senior vice president now directly owns 54,140 shares of the company's stock, valued at approximately $2,674,516. This trade represents a 24.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director E Scott Urdang sold 5,000 shares of Gaming and Leisure Properties stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $50.89, for a total value of $254,450.00. Following the transaction, the director now owns 140,953 shares of the company's stock, valued at $7,173,098.17. The trade was a 3.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,459 shares of company stock worth $2,024,241 over the last 90 days. 4.37% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GLPI. Scotiabank lowered their price objective 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, January 16th. Wells Fargo & Company increased their price objective on shares of Gaming and Leisure Properties from $50.00 to $51.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Mizuho boosted their price objective on shares of Gaming and Leisure Properties from $51.00 to $53.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Morgan Stanley lowered Gaming and Leisure Properties from an "overweight" rating to an "equal weight" rating and set a $53.00 target price for the company. in a report on Wednesday, January 15th. Finally, Royal Bank of Canada cut their price target on Gaming and Leisure Properties from $57.00 to $56.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Gaming and Leisure Properties presently has a consensus rating of "Moderate Buy" and an average target price of $54.18.

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.