15,947 Shares in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,947 shares of the real estate investment trust's stock, valued at approximately $768,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Stonebridge Financial Group LLC purchased a new position in Gaming and Leisure Properties during the fourth quarter valued at $31,000. CKW Financial Group increased its holdings in shares of Gaming and Leisure Properties by 75.0% during the fourth 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. Brooklyn Investment Group purchased a new position in shares of Gaming and Leisure Properties in the 3rd quarter worth about $39,000. Wilmington Savings Fund Society FSB bought a new position in Gaming and Leisure Properties in the 3rd quarter worth about $66,000. Finally, UMB Bank n.a. grew its position in Gaming and Leisure Properties by 57.4% during 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 during the last quarter. Institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Price Performance

GLPI stock traded up $0.26 during mid-day trading on Wednesday, reaching $50.98. 908,326 shares of the company's stock were exchanged, compared to its average volume of 1,178,592. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. Gaming and Leisure Properties, Inc. has a 12-month low of $41.80 and a 12-month high of $52.60. The stock's 50 day moving average is $49.31 and its 200 day moving average is $49.73. The company has a market cap of $14.01 billion, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 2.01 and a beta of 1.00.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 EPS for the quarter, topping the consensus estimate of $0.94 by $0.01. The company had revenue of $389.62 million during the quarter, compared to analyst estimates of $391.54 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. On average, research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The company also recently disclosed 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 5.96%. The ex-dividend date of this dividend is Friday, March 14th. Gaming and Leisure Properties's dividend payout ratio is currently 105.92%.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, COO Brandon John Moore sold 3,982 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total value of $190,498.88. Following the completion of the sale, the chief operating officer now directly owns 278,634 shares in the company, valued at $13,329,850.56. This represents a 1.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Matthew Demchyk sold 10,474 shares of Gaming and Leisure Properties stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $48.62, for a total value of $509,245.88. Following the transaction, the senior vice president now owns 71,757 shares in the company, valued at approximately $3,488,825.34. The trade was a 12.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,064 shares of company stock worth $2,778,908. Corporate insiders own 4.37% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on GLPI shares. Stifel Nicolaus increased their price objective on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Wells Fargo & Company increased their price target 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. Scotiabank cut their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a "neutral" rating to an "overweight" rating and increased their target price for the company from $49.00 to $54.00 in a report on Friday, December 13th. Finally, Royal Bank of Canada lowered their price objective on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $53.96.

Gaming and Leisure Properties Company 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.