Sanctuary Advisors LLC boosted its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 18.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,311 shares of the real estate investment trust's stock after acquiring an additional 5,995 shares during the period. Sanctuary Advisors LLC's holdings in Gaming and Leisure Properties were worth $1,855,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in Gaming and Leisure Properties by 499.2% in the 4th quarter. Allworth Financial LP now owns 70,023 shares of the real estate investment trust's stock worth $3,370,000 after acquiring an additional 58,336 shares during the last quarter. Principal Securities Inc. boosted its stake in shares of Gaming and Leisure Properties by 7.8% during the 4th quarter. Principal Securities Inc. now owns 16,538 shares of the real estate investment trust's stock valued at $796,000 after purchasing an additional 1,197 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Gaming and Leisure Properties by 0.8% during the 4th quarter. Rhumbline Advisers now owns 821,188 shares of the real estate investment trust's stock valued at $39,548,000 after purchasing an additional 6,402 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Gaming and Leisure Properties by 1.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 575,698 shares of the real estate investment trust's stock valued at $27,547,000 after purchasing an additional 5,567 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Gaming and Leisure Properties by 7.9% during the 4th quarter. Van ECK Associates Corp now owns 83,098 shares of the real estate investment trust's stock valued at $4,002,000 after purchasing an additional 6,052 shares in the last quarter. Institutional investors own 91.14% of the company's stock.
Gaming and Leisure Properties Stock Up 0.2 %
Gaming and Leisure Properties stock traded up $0.12 during trading hours on Thursday, hitting $49.92. The stock had a trading volume of 1,067,587 shares, compared to its average volume of 1,192,835. 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 stock has a market capitalization of $13.72 billion, a P/E ratio of 17.39, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99. 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 price is $48.18 and its 200-day moving average price is $49.77.
Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share 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 firm had revenue of $389.62 million during the quarter, compared to analysts' expectations of $391.54 million. Equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.04 annualized dividend and a dividend yield of 6.09%. Gaming and Leisure Properties's payout ratio is 105.92%.
Analyst Ratings Changes
A number of brokerages have recently weighed in on GLPI. Scotiabank cut their target price on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating on the stock in a research note on Thursday, January 16th. JMP Securities reaffirmed a "market outperform" rating and set a $55.00 target price on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Stifel Nicolaus lifted their price target 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. Mizuho lowered their price target on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a "neutral" rating for the company in a research report on Thursday, November 14th. Finally, Morgan Stanley cut shares of Gaming and Leisure Properties from an "overweight" rating to an "equal weight" rating and set a $53.00 price target for the company. in a research report on Wednesday, January 15th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Gaming and Leisure Properties currently has an average rating of "Moderate Buy" and a consensus price target of $54.15.
Get Our Latest Analysis on Gaming and Leisure Properties
Insider Activity
In related news, COO Brandon John Moore sold 3,982 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total transaction 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 approximately $13,329,850.56. The trade was a 1.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Matthew Demchyk sold 1,149 shares of the business's stock in a transaction that occurred 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 sale, the senior vice president now owns 91,620 shares of the company's stock, valued at $4,379,436. This trade represents a 1.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,222 shares of company stock valued at $1,873,547 over the last three months. Insiders own 4.37% of the company's stock.
About Gaming and Leisure Properties
(
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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