Orvieto Partners L.P. Takes $2.89 Million Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Orvieto Partners L.P. purchased a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 60,000 shares of the real estate investment trust's stock, valued at approximately $2,890,000. Gaming and Leisure Properties accounts for about 2.4% of Orvieto Partners L.P.'s portfolio, making the stock its 18th largest position.

Other institutional investors have also modified their holdings of the company. Freedom Investment Management Inc. increased its stake in shares of Gaming and Leisure Properties by 3.8% during the 4th quarter. Freedom Investment Management Inc. now owns 6,063 shares of the real estate investment trust's stock worth $292,000 after purchasing an additional 222 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Gaming and Leisure Properties by 8.7% in the 4th quarter. GAMMA Investing LLC now owns 2,826 shares of the real estate investment trust's stock valued at $136,000 after purchasing an additional 226 shares in the last quarter. Opal Wealth Advisors LLC boosted its stake in shares of Gaming and Leisure Properties by 4.9% during the 4th quarter. Opal Wealth Advisors LLC now owns 5,082 shares of the real estate investment trust's stock worth $245,000 after purchasing an additional 238 shares during the last quarter. Seeds Investor LLC grew its holdings in shares of Gaming and Leisure Properties by 3.6% during the fourth quarter. Seeds Investor LLC now owns 7,350 shares of the real estate investment trust's stock worth $354,000 after buying an additional 254 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in shares of Gaming and Leisure Properties by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 55,881 shares of the real estate investment trust's stock valued at $2,691,000 after buying an additional 277 shares during the period. Hedge funds and other institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Stock Up 0.0 %

Shares of Gaming and Leisure Properties stock traded up $0.02 on Monday, hitting $47.76. 2,343,029 shares of the company's stock traded hands, compared to its average volume of 1,260,518. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. The firm's 50-day moving average is $49.43 and its 200 day moving average is $49.31. The stock has a market cap of $13.13 billion, a P/E ratio of 16.64, a PEG ratio of 2.01 and a beta of 0.72. Gaming and Leisure Properties, Inc. has a 52-week low of $42.62 and a 52-week high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its earnings results on Thursday, April 24th. The real estate investment trust reported $0.96 EPS for the quarter, hitting the consensus estimate of $0.96. The company had revenue of $395.24 million during the quarter, compared to analyst estimates of $396.27 million. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. The business's revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 EPS. Equities analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 6.37%. The ex-dividend date of this dividend was Friday, March 14th. Gaming and Leisure Properties's payout ratio is 108.19%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Royal Bank of Canada cut their price target on Gaming and Leisure Properties from $56.00 to $54.00 and set an "outperform" rating for the company in a report on Monday. Scotiabank dropped their target price on Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating for the company in a research note on Thursday, January 16th. Morgan Stanley lowered Gaming and Leisure Properties from an "overweight" rating to an "equal weight" rating and set a $53.00 price target on the stock. in a research note on Wednesday, January 15th. Wells Fargo & Company upped 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 note on Monday, March 10th. Finally, Mizuho raised their target price on shares of Gaming and Leisure Properties from $51.00 to $53.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, Gaming and Leisure Properties currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.43.

Insiders Place Their Bets

In other news, Director E Scott Urdang sold 5,000 shares of the company's stock in a transaction 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 sale, the director now owns 145,953 shares in the company, valued at $7,256,783.16. This represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Matthew Demchyk sold 1,903 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $51.99, for a total value of $98,936.97. Following the completion of the sale, the senior vice president now owns 41,298 shares of the company's stock, valued at approximately $2,147,083.02. This trade represents a 4.40 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,842 shares of company stock worth $1,153,961. 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.