Inceptionr LLC Has $1.69 Million Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Inceptionr LLC boosted its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 76.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,172 shares of the real estate investment trust's stock after purchasing an additional 15,235 shares during the period. Inceptionr LLC's holdings in Gaming and Leisure Properties were worth $1,694,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in GLPI. Wealth Enhancement Advisory Services LLC lifted its position in shares of Gaming and Leisure Properties by 8.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,586 shares of the real estate investment trust's stock worth $596,000 after buying an additional 928 shares during the last quarter. Farther Finance Advisors LLC lifted 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 worth $34,000 after buying an additional 384 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Gaming and Leisure Properties by 2.0% in the third quarter. Janney Montgomery Scott LLC now owns 364,002 shares of the real estate investment trust's stock worth $18,728,000 after buying an additional 7,077 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Gaming and Leisure Properties by 9.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 116,619 shares of the real estate investment trust's stock worth $6,000,000 after buying an additional 10,332 shares during the last quarter. Finally, National Pension Service lifted its position in shares of Gaming and Leisure Properties by 37.4% in the third quarter. National Pension Service now owns 211,111 shares of the real estate investment trust's stock worth $10,862,000 after buying an additional 57,511 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company's stock.

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Wall Street Analysts Forecast Growth

GLPI has been the topic of a number of recent analyst reports. JMP Securities reiterated a "market outperform" rating and issued a $55.00 price objective on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Royal Bank of Canada dropped their price objective on Gaming and Leisure Properties from $57.00 to $56.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. Mizuho dropped their price objective on Gaming and Leisure Properties from $52.00 to $51.00 and set a "neutral" rating on the stock in a research note on Thursday, November 14th. Scotiabank dropped their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating on the stock in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $49.00 to $54.00 in a research note on Friday, December 13th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $54.04.

Gaming and Leisure Properties Price Performance

NASDAQ GLPI traded up $0.58 during trading on Friday, reaching $50.61. 2,344,373 shares of the company traded hands, compared to its average volume of 1,187,841. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. The stock's 50 day moving average price is $48.53 and its two-hundred day moving average price is $49.80. The company has a market cap of $13.91 billion, a price-to-earnings ratio of 17.63, a P/E/G ratio of 2.01 and a beta of 1.00. Gaming and Leisure Properties, Inc. has a 1-year low of $41.80 and a 1-year high of $52.60.

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

Gaming and Leisure Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 6.01%. The ex-dividend date is Friday, March 14th. Gaming and Leisure Properties's payout ratio is 105.92%.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, SVP Matthew Demchyk sold 17,617 shares of the business's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $49.40, for a total value of $870,279.80. Following the transaction, the senior vice president now directly owns 54,140 shares of the company's stock, valued at $2,674,516. The trade was a 24.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director E Scott Urdang sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $49.72, for a total value of $248,600.00. Following the completion of the transaction, the director now directly owns 145,953 shares in the company, valued at $7,256,783.16. The trade was a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,161 shares of company stock valued at $2,425,521. 4.37% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties 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.