New Age Alpha Advisors LLC Makes New Investment in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

New Age Alpha Advisors LLC acquired a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 101,000 shares of the real estate investment trust's stock, valued at approximately $4,864,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Stonebridge Financial Group LLC purchased a new stake in shares of Gaming and Leisure Properties in the fourth quarter valued at approximately $31,000. CKW Financial Group boosted its position in shares of Gaming and Leisure Properties by 75.0% during the 4th quarter. CKW Financial Group now owns 700 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 300 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Gaming and Leisure Properties during the 3rd quarter worth $39,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Gaming and Leisure Properties during the 3rd quarter worth $66,000. Finally, UMB Bank n.a. increased 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 valued at $66,000 after purchasing an additional 499 shares in the last quarter. Institutional investors and hedge funds own 91.14% of the company's stock.

Gaming and Leisure Properties Trading Down 0.2 %

Gaming and Leisure Properties stock traded down $0.09 during trading on Wednesday, hitting $50.69. The company's stock had a trading volume of 303,344 shares, compared to its average volume of 1,169,790. The stock's fifty day moving average is $49.58 and its 200 day moving average is $49.68. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. Gaming and Leisure Properties, Inc. has a 1-year low of $41.80 and a 1-year high of $52.60. The stock has a market capitalization of $13.93 billion, a price-to-earnings ratio of 17.66, a P/E/G ratio of 2.01 and a beta of 1.00.

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

Gaming and Leisure Properties Announces Dividend

The firm also recently declared 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 6.00%. Gaming and Leisure Properties's dividend payout ratio (DPR) is 105.92%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on GLPI shares. Scotiabank decreased their price objective on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating on the stock in a report on Thursday, January 16th. Royal Bank of Canada lowered 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. Morgan Stanley cut Gaming and Leisure Properties from an "overweight" rating to an "equal weight" rating and set a $53.00 price objective for the company. in a report on Wednesday, January 15th. Wells Fargo & Company upped their target price on Gaming and Leisure Properties from $50.00 to $51.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. Finally, JPMorgan Chase & Co. raised Gaming and Leisure Properties from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $49.00 to $54.00 in a research note on Friday, December 13th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $53.96.

Insider Activity at Gaming and Leisure Properties

In related news, SVP Matthew Demchyk sold 1,149 shares of the firm's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $47.80, for a total transaction of $54,922.20. Following the completion of the sale, the senior vice president now directly owns 91,620 shares of the company's stock, valued at approximately $4,379,436. This trade represents a 1.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Brandon John Moore sold 3,982 shares of Gaming and Leisure Properties stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total transaction of $190,498.88. Following the sale, the chief operating officer now directly owns 278,634 shares in the company, valued at $13,329,850.56. This trade represents a 1.41 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 56,064 shares of company stock worth $2,778,908. Corporate insiders own 4.37% of the company's stock.

Gaming and Leisure Properties 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.