Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Sold by Hanlon Investment Management Inc.

Hanlon Investment Management Inc. reduced its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 2.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 1,636,288 shares of the real estate investment trust's stock after selling 45,405 shares during the quarter. Gaming and Leisure Properties accounts for approximately 21.9% of Hanlon Investment Management Inc.'s portfolio, making the stock its largest holding. Hanlon Investment Management Inc. owned 0.60% of Gaming and Leisure Properties worth $73,977,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new position in Gaming and Leisure Properties during the fourth quarter valued at approximately $2,501,000. Private Advisor Group LLC lifted its position in Gaming and Leisure Properties by 33.5% in the 4th quarter. Private Advisor Group LLC now owns 11,141 shares of the real estate investment trust's stock valued at $550,000 after acquiring an additional 2,796 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Gaming and Leisure Properties by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,124,790 shares of the real estate investment trust's stock worth $154,208,000 after purchasing an additional 132,320 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of Gaming and Leisure Properties in the 4th quarter worth $442,000. Finally, Lebenthal Global Advisors LLC bought a new stake in shares of Gaming and Leisure Properties in the 4th quarter worth $473,000. 91.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Gaming and Leisure Properties

In other news, CFO Desiree A. Burke sold 12,973 shares of the business's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $52.02, for a total value of $674,855.46. Following the transaction, the chief financial officer now directly owns 108,073 shares of the company's stock, valued at approximately $5,621,957.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Desiree A. Burke sold 12,973 shares of the company's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $52.02, for a total value of $674,855.46. Following the completion of the sale, the chief financial officer now owns 108,073 shares in the company, valued at approximately $5,621,957.46. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director E Scott Urdang sold 5,605 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $48.89, for a total transaction of $274,028.45. Following the transaction, the director now owns 156,685 shares of the company's stock, valued at $7,660,329.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,478 shares of company stock worth $2,495,429. Company insiders own 4.40% of the company's stock.

Gaming and Leisure Properties Stock Up 0.0 %

NASDAQ GLPI traded up $0.02 on Friday, reaching $51.52. The company had a trading volume of 1,317,505 shares, compared to its average volume of 1,333,751. The firm has a market capitalization of $13.99 billion, a PE ratio of 19.01, a P/E/G ratio of 5.45 and a beta of 0.99. The company has a debt-to-equity ratio of 1.49, a current ratio of 5.91 and a quick ratio of 5.91. The firm has a 50-day moving average of $48.89 and a 200-day moving average of $46.09. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year high of $52.42.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.77 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $377.95 million. During the same period in the prior year, the business earned $0.92 earnings per share. Gaming and Leisure Properties's quarterly revenue was up 6.7% on a year-over-year basis. On average, equities research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders 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 yield of 5.90%. The ex-dividend date is Friday, September 13th. Gaming and Leisure Properties's dividend payout ratio (DPR) is 112.18%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wolfe Research raised Gaming and Leisure Properties from a "peer perform" rating to an "outperform" rating and set a $57.00 target price on the stock in a report on Friday, August 23rd. UBS Group boosted their target price on shares of Gaming and Leisure Properties from $56.00 to $61.00 and gave the stock a "buy" rating in a report on Tuesday, July 16th. Royal Bank of Canada boosted their target price on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an "outperform" rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the stock a "hold" rating in a research note on Monday, July 29th. Finally, JMP Securities lifted their price target on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock a "market outperform" rating in a research note on Monday, August 12th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $52.11.

About Gaming and Leisure Properties

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.