Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Bought by AE Wealth Management LLC

AE Wealth Management LLC raised its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 6.7% in the second quarter, HoldingsChannel.com reports. The fund owned 8,076 shares of the real estate investment trust’s stock after purchasing an additional 508 shares during the quarter. AE Wealth Management LLC’s holdings in Gaming and Leisure Properties were worth $365,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in GLPI. Wellington Management Group LLP raised its holdings in shares of Gaming and Leisure Properties by 40.8% in the fourth quarter. Wellington Management Group LLP now owns 12,709,300 shares of the real estate investment trust’s stock worth $627,204,000 after acquiring an additional 3,684,553 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Gaming and Leisure Properties by 36.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,910,169 shares of the real estate investment trust’s stock valued at $134,074,000 after purchasing an additional 781,906 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Gaming and Leisure Properties by 9.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,104,552 shares of the real estate investment trust’s stock valued at $185,564,000 after purchasing an additional 350,250 shares during the last quarter. Putnam Investments LLC increased its stake in Gaming and Leisure Properties by 3.1% in the fourth quarter. Putnam Investments LLC now owns 9,511,521 shares of the real estate investment trust’s stock valued at $469,394,000 after purchasing an additional 282,828 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in Gaming and Leisure Properties by 126.3% in the first quarter. National Bank of Canada FI now owns 454,732 shares of the real estate investment trust’s stock valued at $20,131,000 after purchasing an additional 253,763 shares during the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, CFO Desiree A. Burke sold 12,973 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 108,073 shares in the company, valued at approximately $5,621,957.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Gaming and Leisure Properties news, CFO Desiree A. Burke sold 12,973 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 108,073 shares of the company’s stock, valued at approximately $5,621,957.46. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director E Scott Urdang sold 5,605 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $48.89, for a total value of $274,028.45. Following the completion of the transaction, the director now directly owns 156,685 shares in the company, valued at $7,660,329.65. The disclosure for this sale can be found here. Insiders sold a total of 49,478 shares of company stock worth $2,495,429 in the last 90 days. 4.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on GLPI shares. Raymond James upped 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. Wells Fargo & Company upped their target price on Gaming and Leisure Properties from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Monday, August 26th. Morgan Stanley reiterated an “overweight” rating and issued a $53.00 target price on shares of Gaming and Leisure Properties in a research note on Friday, June 21st. Stifel Nicolaus upped their target price on Gaming and Leisure Properties from $52.00 to $52.50 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, StockNews.com upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Friday, July 19th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.11.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ:GLPI opened at $50.75 on Friday. The company has a market cap of $13.78 billion, a P/E ratio of 18.73, a PEG ratio of 5.36 and a beta of 0.99. Gaming and Leisure Properties, Inc. has a one year low of $41.80 and a one year high of $52.60. The business’s 50-day simple moving average is $50.41 and its 200 day simple moving average is $46.70. The company has a debt-to-equity ratio of 1.49, a quick ratio of 5.91 and a current ratio of 5.91.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.15). The company had revenue of $380.60 million during the quarter, compared to analysts’ expectations of $377.95 million. Gaming and Leisure Properties had a return on equity of 17.60% and a net margin of 52.79%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 EPS. On average, sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date was Friday, September 13th. Gaming and Leisure Properties’s dividend payout ratio is presently 112.18%.

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.