QRG Capital Management Inc. Acquires 15,428 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

QRG Capital Management Inc. increased its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 11.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 147,299 shares of the real estate investment trust's stock after acquiring an additional 15,428 shares during the period. QRG Capital Management Inc. owned about 0.05% of Gaming and Leisure Properties worth $7,579,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of GLPI. Farther Finance Advisors LLC boosted its holdings in Gaming and Leisure Properties by 142.2% during the third quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust's stock worth $34,000 after buying an additional 384 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Gaming and Leisure Properties in the second quarter valued at $31,000. EverSource Wealth Advisors LLC grew its position in shares of Gaming and Leisure Properties by 578.4% during the second quarter. EverSource Wealth Advisors LLC now owns 692 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 590 shares during the last quarter. EdgeRock Capital LLC acquired a new stake in Gaming and Leisure Properties during the 2nd quarter worth approximately $33,000. Finally, Versant Capital Management Inc boosted its holdings in Gaming and Leisure Properties by 18,500.0% in the 2nd quarter. Versant Capital Management Inc now owns 744 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 740 shares in the last quarter. Institutional investors own 91.14% of the company's stock.

Insiders Place Their Bets

In other news, Director E Scott Urdang sold 3,000 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $50.39, for a total transaction of $151,170.00. Following the completion of the transaction, the director now directly owns 146,800 shares of the company's stock, valued at $7,397,252. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction on Monday, November 4th. The stock was sold at an average price of $50.39, for a total value of $151,170.00. Following the completion of the transaction, the director now directly owns 146,800 shares in the company, valued at approximately $7,397,252. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Desiree A. Burke sold 12,973 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now owns 108,073 shares in the company, valued at $5,621,957.46. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,363 shares of company stock valued at $2,991,951. Corporate insiders own 4.37% of the company's stock.

Gaming and Leisure Properties Trading Down 3.9 %

NASDAQ:GLPI traded down $1.96 on Wednesday, reaching $48.82. 1,368,835 shares of the stock traded hands, compared to its average volume of 1,316,599. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $13.40 billion, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 2.14 and a beta of 0.99. The company's 50 day moving average is $51.12 and its 200-day moving average is $47.88. 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 issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.25). The firm had revenue of $385.34 million during the quarter, compared to analyst estimates of $385.09 million. Gaming and Leisure Properties had a net margin of 51.93% and a return on equity of 17.31%. The business's quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.92 earnings per share. Equities research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.76 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.04 annualized dividend and a dividend yield of 6.23%. Gaming and Leisure Properties's dividend payout ratio is currently 106.29%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GLPI. Wells Fargo & Company reissued an "equal weight" rating and set a $52.00 price objective (up previously from $51.00) on shares of Gaming and Leisure Properties in a research note on Tuesday, October 1st. Scotiabank raised their target price on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 16th. Stifel Nicolaus increased their price target on Gaming and Leisure Properties from $52.00 to $52.50 and gave the company a "buy" rating in a report on Friday, July 26th. Raymond James increased their target price on Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an "outperform" rating in a research note on Wednesday, August 21st. Finally, StockNews.com lowered shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating in a research note on Monday, October 28th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.18.

Gaming and Leisure Properties Profile

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.