Hantz Financial Services Inc. Makes New $1.83 Million Investment in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Hantz Financial Services Inc. bought a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 40,530 shares of the real estate investment trust's stock, valued at approximately $1,832,000.

Several other hedge funds have also recently modified their holdings of GLPI. Headlands Technologies LLC purchased a new stake in shares of Gaming and Leisure Properties during the 4th quarter worth approximately $30,000. EdgeRock Capital LLC purchased a new stake in shares of Gaming and Leisure Properties during the 4th quarter worth approximately $33,000. MCF Advisors LLC increased its stake in shares of Gaming and Leisure Properties by 416.7% during the 1st quarter. MCF Advisors LLC now owns 744 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 600 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Gaming and Leisure Properties by 18,500.0% during the 2nd quarter. Versant Capital Management Inc now owns 744 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 740 shares during the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of Gaming and Leisure Properties during the 1st quarter worth approximately $42,000. Institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Price Performance

Shares of GLPI traded up $0.74 during mid-day trading on Friday, reaching $52.02. 2,206,846 shares of the stock traded hands, compared to its average volume of 1,335,723. The firm has a fifty day moving average price of $48.16 and a 200 day moving average price of $45.86. The company has a market cap of $14.12 billion, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 5.14 and a beta of 0.98. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.49. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year high of $52.13.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.15). Gaming and Leisure Properties had a return on equity of 17.60% and a net margin of 52.79%. The company had revenue of $380.60 million for the quarter, compared to the consensus estimate of $377.95 million. During the same period in the prior year, the firm posted $0.92 earnings per share. The business's revenue was up 6.7% on a year-over-year basis. As a group, equities research analysts predict that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date is Friday, September 13th. Gaming and Leisure Properties's dividend payout ratio is currently 112.18%.

Analyst Ratings Changes

GLPI has been the subject of a number of recent research reports. JMP Securities lifted their price objective on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the company a "market outperform" rating in a research note on Monday, August 12th. Wolfe Research upgraded shares of Gaming and Leisure Properties from a "peer perform" rating to an "outperform" rating and set a $57.00 price objective for the company in a research note on Friday, August 23rd. StockNews.com upgraded shares of Gaming and Leisure Properties from a "hold" rating to a "buy" rating in a research note on Friday, July 19th. Royal Bank of Canada lifted their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an "outperform" rating in a research note on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a "hold" rating in a research note on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $52.11.

Insider Transactions at Gaming and Leisure Properties

In other news, COO Brandon John Moore sold 30,900 shares of Gaming and Leisure Properties stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $50.05, for a total transaction of $1,546,545.00. Following the completion of the sale, the chief operating officer now directly owns 208,977 shares of the company's stock, valued at approximately $10,459,298.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,605 shares of the business's stock in a transaction on Monday, August 12th. The shares were sold at an average price of $48.89, for a total value of $274,028.45. Following the completion of the sale, the director now directly owns 156,685 shares of the company's stock, valued at $7,660,329.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Brandon John Moore sold 30,900 shares of the business's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $50.05, for a total transaction of $1,546,545.00. Following the completion of the sale, the chief operating officer now directly owns 208,977 shares of the company's stock, valued at $10,459,298.85. The disclosure for this sale can be found here. 4.40% of the stock is currently owned by insiders.

Gaming and Leisure Properties Company Profile

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.