Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,396,770 shares of the real estate investment trust’s stock after selling 175,829 shares during the quarter. Vanguard Group Inc. owned approximately 13.77% of Gaming and Leisure Properties worth $1,845,531,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GLPI. Headlands Technologies LLC bought a new position in Gaming and Leisure Properties in the 4th quarter worth about $30,000. Operose Advisors LLC bought a new position in Gaming and Leisure Properties in the 3rd quarter worth about $32,000. EdgeRock Capital LLC bought a new position in Gaming and Leisure Properties in the 4th quarter worth about $33,000. GAMMA Investing LLC bought a new position in Gaming and Leisure Properties in the 4th quarter worth about $51,000. Finally, Armstrong Advisory Group Inc. grew its position in Gaming and Leisure Properties by 166.2% in the 4th quarter. Armstrong Advisory Group Inc. now owns 1,203 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 751 shares during the last quarter. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Trading Up 1.1 %

Shares of NASDAQ:GLPI opened at $44.14 on Wednesday. The stock has a market capitalization of $11.98 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 5.11 and a beta of 0.96. Gaming and Leisure Properties, Inc. has a 1-year low of $41.80 and a 1-year high of $50.06. The company has a debt-to-equity ratio of 1.49, a quick ratio of 6.47 and a current ratio of 6.47. The company has a 50 day moving average price of $43.97 and a 200 day moving average price of $45.55.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Friday, April 26th. The real estate investment trust reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.26). The business had revenue of $376.00 million for the quarter, compared to the consensus estimate of $368.44 million. Gaming and Leisure Properties had a return on equity of 16.79% and a net margin of 50.05%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.92 earnings per share. On average, research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.65 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 6.89%. The ex-dividend date of this dividend is Friday, June 7th. Gaming and Leisure Properties’s payout ratio is 112.18%.

Wall Street Analysts Forecast Growth

GLPI has been the subject of several recent analyst reports. JMP Securities restated a “market outperform” rating and issued a $53.00 target price on shares of Gaming and Leisure Properties in a research report on Monday. Wells Fargo & Company decreased their target price on shares of Gaming and Leisure Properties from $49.00 to $48.00 and set an “equal weight” rating for the company in a research report on Thursday, May 30th. StockNews.com cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Saturday. Scotiabank increased their price objective on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. Finally, Royal Bank of Canada decreased their price objective on shares of Gaming and Leisure Properties from $49.00 to $47.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $50.33.

About Gaming and Leisure Properties

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.