Sanctuary Advisors LLC Takes Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Sanctuary Advisors LLC acquired a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,351 shares of the real estate investment trust’s stock, valued at approximately $779,000.

Several other institutional investors and hedge funds have also recently modified their holdings of GLPI. Teachers Retirement System of The State of Kentucky raised its position in shares of Gaming and Leisure Properties by 7.9% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 85,900 shares of the real estate investment trust’s stock valued at $4,239,000 after buying an additional 6,300 shares during the last quarter. Integrated Advisors Network LLC bought a new stake in shares of Gaming and Leisure Properties during the fourth quarter valued at approximately $410,000. Wellington Management Group LLP raised its position in shares of Gaming and Leisure Properties by 40.8% during the fourth quarter. Wellington Management Group LLP now owns 12,709,300 shares of the real estate investment trust’s stock valued at $627,204,000 after buying an additional 3,684,553 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Gaming and Leisure Properties by 12.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 14,843 shares of the real estate investment trust’s stock valued at $733,000 after buying an additional 1,605 shares during the last quarter. Finally, HighPoint Advisor Group LLC bought a new stake in shares of Gaming and Leisure Properties during the fourth quarter valued at approximately $234,000. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Up 0.7 %

Shares of GLPI opened at $50.78 on Monday. The firm has a market capitalization of $13.79 billion, a P/E ratio of 18.74, a P/E/G ratio of 5.34 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 company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.49. The firm has a fifty day moving average price of $50.74 and a 200-day moving average price of $47.10.

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

Gaming and Leisure Properties Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. JMP Securities raised their target price on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the company a “market outperform” rating in a report on Monday, August 12th. UBS Group raised their target price on shares of Gaming and Leisure Properties from $56.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a “hold” rating in a report on Monday, July 29th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $53.00 target price on shares of Gaming and Leisure Properties in a report on Friday, June 21st. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $52.18.

Insider Activity

In related news, Director E Scott Urdang sold 5,605 shares of Gaming and Leisure Properties stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $48.89, for a total value of $274,028.45. Following the completion of the sale, the director now directly owns 156,685 shares in the company, valued at $7,660,329.65. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director E Scott Urdang sold 5,605 shares of Gaming and Leisure Properties stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $48.89, for a total value of $274,028.45. Following the completion of the sale, the director now directly owns 156,685 shares in the company, valued at $7,660,329.65. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Desiree A. Burke sold 12,973 shares of Gaming and Leisure Properties stock in a transaction dated Friday, August 30th. The shares were 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 of the company’s stock, valued at $5,621,957.46. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,478 shares of company stock valued at $2,495,429. 4.40% of the stock is currently owned by company 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.