Hurley Capital LLC Makes New $299,000 Investment in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Hurley Capital LLC purchased a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,239 shares of the real estate investment trust's stock, valued at approximately $299,000.

Several other institutional investors also recently modified their holdings of the stock. Stonebridge Financial Group LLC bought a new position in Gaming and Leisure Properties during the fourth quarter worth $31,000. CKW Financial Group grew its holdings in shares of Gaming and Leisure Properties by 75.0% in the fourth quarter. CKW Financial Group now owns 700 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 300 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Gaming and Leisure Properties during the 3rd quarter valued at $66,000. UMB Bank n.a. raised its holdings in shares of 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 worth $66,000 after purchasing an additional 499 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in shares of Gaming and Leisure Properties by 59.7% in the fourth quarter. Venturi Wealth Management LLC now owns 1,730 shares of the real estate investment trust's stock valued at $83,000 after buying an additional 647 shares during the period. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GLPI has been the subject of several research reports. Scotiabank cut 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 report on Thursday, January 16th. Barclays cut their target price on Gaming and Leisure Properties from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 4th. 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 report on Monday, March 10th. Mizuho lifted their target price on shares of Gaming and Leisure Properties from $51.00 to $53.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Finally, 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. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $54.11.

Insiders Place Their Bets

In related news, SVP Matthew Demchyk sold 10,474 shares of the business's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $48.62, for a total transaction of $509,245.88. Following the completion of the transaction, the senior vice president now directly owns 71,757 shares in the company, valued at $3,488,825.34. The trade was a 12.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director E Scott Urdang sold 5,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $50.89, for a total value of $254,450.00. Following the sale, the director now directly owns 140,953 shares in the company, valued at $7,173,098.17. This represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,933 shares of company stock valued at $2,533,487. 4.37% of the stock is currently owned by insiders.

Gaming and Leisure Properties Stock Down 0.9 %

Shares of GLPI stock traded down $0.42 on Thursday, hitting $47.39. The stock had a trading volume of 593,412 shares, compared to its average volume of 1,240,813. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties, Inc. has a one year low of $41.80 and a one year high of $52.60. The business has a 50 day moving average price of $49.47 and a 200 day moving average price of $49.51. The company has a market cap of $13.02 billion, a PE ratio of 16.53, a P/E/G ratio of 2.01 and a beta of 0.72.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.01. The firm had revenue of $389.62 million during the quarter, compared to analysts' expectations of $391.54 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. Research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.04 dividend on an annualized basis and a yield of 6.41%. Gaming and Leisure Properties's payout ratio is 105.92%.

About Gaming and Leisure Properties

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.