Sanctuary Advisors LLC Has $1.65 Million Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Sanctuary Advisors LLC raised its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 76.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,316 shares of the real estate investment trust's stock after acquiring an additional 13,965 shares during the quarter. Sanctuary Advisors LLC's holdings in Gaming and Leisure Properties were worth $1,646,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Gaming and Leisure Properties by 76.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,658 shares of the real estate investment trust's stock valued at $482,000 after acquiring an additional 4,624 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Gaming and Leisure Properties by 14.9% during the second quarter. Raymond James & Associates now owns 394,967 shares of the real estate investment trust's stock worth $17,856,000 after purchasing an additional 51,071 shares during the period. New York State Teachers Retirement System lifted its position in shares of Gaming and Leisure Properties by 0.4% in the 2nd quarter. New York State Teachers Retirement System now owns 207,577 shares of the real estate investment trust's stock worth $9,385,000 after buying an additional 760 shares during the last quarter. Retirement Systems of Alabama boosted its holdings in shares of Gaming and Leisure Properties by 4.3% in the 2nd quarter. Retirement Systems of Alabama now owns 729,298 shares of the real estate investment trust's stock valued at $32,972,000 after buying an additional 29,794 shares during the period. Finally, EdgeRock Capital LLC bought a new stake in shares of Gaming and Leisure Properties during the 2nd quarter valued at about $33,000. 91.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GLPI has been the subject of several recent research reports. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a "neutral" rating to an "overweight" rating and upped their target price for the company from $49.00 to $54.00 in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft upgraded Gaming and Leisure Properties from a "hold" rating to a "buy" rating and upped their price objective for the stock from $49.00 to $54.00 in a research note on Wednesday, November 20th. Wolfe Research upgraded Gaming and Leisure Properties from a "peer perform" rating to an "outperform" rating and set a $57.00 target price on the stock in a research note on Friday, August 23rd. 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, StockNews.com cut shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating in a report on Monday, October 28th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Gaming and Leisure Properties has a consensus rating of "Moderate Buy" and an average target price of $54.00.

Gaming and Leisure Properties Price Performance

Shares of Gaming and Leisure Properties stock traded up $0.62 on Friday, hitting $47.08. The company had a trading volume of 4,321,611 shares, compared to its average volume of 1,311,833. Gaming and Leisure Properties, Inc. has a 52 week low of $41.80 and a 52 week high of $52.60. The company has a market cap of $12.92 billion, a PE ratio of 16.46, a PEG ratio of 2.10 and a beta of 0.98. The business has a 50-day simple moving average of $50.26 and a 200-day simple moving average of $49.11. 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 (NASDAQ:GLPI - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.25). The firm had revenue of $385.34 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 earnings per share. Research analysts expect that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 6.46%. The ex-dividend date of this dividend is Friday, December 6th. Gaming and Leisure Properties's dividend payout ratio (DPR) is presently 106.29%.

Insider Buying and Selling at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $50.39, for a total value of $151,170.00. Following the transaction, the director now owns 146,800 shares of the company's stock, valued at approximately $7,397,252. This trade represents a 2.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.37% of the stock is owned by corporate insiders.

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.