Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Stock Position Raised by Private Advisor Group LLC

Private Advisor Group LLC lifted its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 9.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 13,646 shares of the real estate investment trust’s stock after buying an additional 1,152 shares during the quarter. Private Advisor Group LLC’s holdings in Gaming and Leisure Properties were worth $702,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in GLPI. Norden Group LLC acquired a new position in shares of Gaming and Leisure Properties during the 1st quarter worth $278,000. First Trust Direct Indexing L.P. raised its holdings in Gaming and Leisure Properties by 7.1% during the first quarter. First Trust Direct Indexing L.P. now owns 9,154 shares of the real estate investment trust’s stock valued at $422,000 after buying an additional 608 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Gaming and Leisure Properties by 9.3% in the first quarter. Commonwealth Equity Services LLC now owns 24,594 shares of the real estate investment trust’s stock worth $1,133,000 after buying an additional 2,095 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Gaming and Leisure Properties during the 1st quarter valued at about $775,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Gaming and Leisure Properties by 57.5% during the 1st quarter. BNP Paribas Financial Markets now owns 349,003 shares of the real estate investment trust’s stock valued at $16,079,000 after acquiring an additional 127,379 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Performance

GLPI opened at $49.82 on Monday. The stock’s 50 day simple moving average is $51.14 and its 200-day simple moving average is $47.73. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. The stock has a market cap of $13.67 billion, a PE ratio of 17.42, a P/E/G ratio of 2.16 and a beta of 0.99. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.25). The business had revenue of $385.34 million during 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 company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm earned $0.92 EPS. Sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date was Friday, September 13th. Gaming and Leisure Properties’s payout ratio is 106.29%.

Analyst Upgrades and Downgrades

GLPI has been the subject of a number of recent analyst reports. StockNews.com cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. UBS Group upped their price objective on shares of Gaming and Leisure Properties from $56.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Stifel Nicolaus boosted their target price on shares of Gaming and Leisure Properties from $52.00 to $52.50 and gave the stock a “buy” rating in a research report on Friday, July 26th. Raymond James raised their price target on Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a research report on Wednesday, August 21st. Finally, Royal Bank of Canada boosted their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Gaming and Leisure Properties currently has an average rating of “Moderate Buy” and a consensus price target of $52.18.

Insider Activity

In related news, COO Brandon John Moore sold 30,900 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $50.05, for a total transaction of $1,546,545.00. Following the completion of the transaction, the chief operating officer now owns 208,977 shares in the company, valued at $10,459,298.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Gaming and Leisure Properties news, COO Brandon John Moore sold 30,900 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $50.05, for a total transaction of $1,546,545.00. Following the completion of the transaction, the chief operating officer now directly owns 208,977 shares in the company, valued at $10,459,298.85. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director E Scott Urdang sold 5,605 shares of Gaming and Leisure Properties stock in a transaction 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 transaction, the director now directly owns 156,685 shares of the company’s stock, valued at approximately $7,660,329.65. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,363 shares of company stock worth $2,840,781. Company insiders own 4.37% of the company’s stock.

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.