Proficio Capital Partners LLC acquired a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 15,947 shares of the real estate investment trust's stock, valued at approximately $768,000.
Other institutional investors have also made changes to their positions in the company. Assetmark Inc. raised its stake in shares of Gaming and Leisure Properties by 2,547.6% in the 3rd quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 535 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Gaming and Leisure Properties in the 4th quarter valued at approximately $31,000. Farther Finance Advisors LLC raised its stake in shares of Gaming and Leisure Properties by 142.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 384 shares in the last quarter. CKW Financial Group raised its stake in shares of Gaming and Leisure Properties by 75.0% in the 4th quarter. CKW Financial Group now owns 700 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 300 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Gaming and Leisure Properties in the 3rd quarter valued at approximately $39,000. 91.14% of the stock is owned by institutional investors.
Gaming and Leisure Properties Stock Performance
Shares of NASDAQ:GLPI traded up $0.58 during trading on Friday, hitting $50.61. 2,344,373 shares of the stock were exchanged, compared to its average volume of 1,187,841. The company's fifty day simple moving average is $48.53 and its 200-day simple moving average is $49.80. 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 company has a market capitalization of $13.91 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth 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 announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 EPS for the quarter, beating the consensus estimate of $0.94 by $0.01. The business had revenue of $389.62 million for the quarter, compared to analyst estimates of $391.54 million. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. Sell-side analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.
Gaming and Leisure Properties Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 6.01%. The ex-dividend date of this dividend is Friday, March 14th. Gaming and Leisure Properties's dividend payout ratio is 105.92%.
Insider Activity at Gaming and Leisure Properties
In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 1,149 shares of Gaming and Leisure Properties stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $47.80, for a total value of $54,922.20. Following the completion of the transaction, the senior vice president now owns 91,620 shares in the company, valued at approximately $4,379,436. The trade was a 1.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Brandon John Moore sold 3,982 shares of Gaming and Leisure Properties stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total value of $190,498.88. Following the completion of the transaction, the chief operating officer now owns 278,634 shares of the company's stock, valued at approximately $13,329,850.56. The trade was a 1.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,161 shares of company stock valued at $2,425,521 in the last 90 days. 4.37% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on GLPI. Deutsche Bank Aktiengesellschaft raised Gaming and Leisure Properties from a "hold" rating to a "buy" rating and raised their price objective for the company from $49.00 to $54.00 in a research note on Wednesday, November 20th. Stifel Nicolaus raised their target price on Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a "buy" rating in a report on Tuesday, November 26th. Royal Bank of Canada lowered their target price 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. Barclays lowered their target price on Gaming and Leisure Properties from $55.00 to $53.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. raised Gaming and Leisure Properties from a "neutral" rating to an "overweight" rating and raised their target price for the company from $49.00 to $54.00 in a report 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's stock. According to data from MarketBeat.com, Gaming and Leisure Properties has an average rating of "Moderate Buy" and an average target price of $54.04.
Read Our Latest Stock Report on GLPI
Gaming and Leisure Properties Profile
(
Free Report)
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.
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