Proficio Capital Partners LLC Purchases New Shares in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Proficio Capital Partners LLC acquired a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 15,947 shares of the real estate investment trust’s stock, valued at approximately $768,000.

Several other large investors have also recently made changes to their positions in the company. US Bancorp DE increased its holdings in shares of Gaming and Leisure Properties by 106.2% in the fourth quarter. US Bancorp DE now owns 44,745 shares of the real estate investment trust’s stock valued at $2,155,000 after purchasing an additional 23,050 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in Gaming and Leisure Properties in the 3rd quarter valued at about $693,000. Aew Capital Management L P lifted its holdings in shares of Gaming and Leisure Properties by 1,786.5% in the 4th quarter. Aew Capital Management L P now owns 761,600 shares of the real estate investment trust’s stock worth $36,679,000 after acquiring an additional 721,230 shares during the last quarter. QRG Capital Management Inc. lifted its stake in Gaming and Leisure Properties by 3.5% during the fourth quarter. QRG Capital Management Inc. now owns 152,426 shares of the real estate investment trust’s stock worth $7,341,000 after purchasing an additional 5,127 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in shares of Gaming and Leisure Properties by 76.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 32,316 shares of the real estate investment trust’s stock valued at $1,646,000 after buying an additional 13,965 shares during the period. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Stock Performance

NASDAQ GLPI opened at $50.20 on Friday. The company has a fifty day moving average of $49.14 and a two-hundred day moving average of $49.75. The company has a market capitalization of $13.80 billion, a PE ratio of 17.49, a P/E/G ratio of 2.01 and a beta of 1.00. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year high of $52.60. 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) last announced its earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. The business had revenue of $389.62 million for the quarter, compared to analyst estimates of $391.54 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. As a group, analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.06%. The ex-dividend date is Friday, March 14th. Gaming and Leisure Properties’s payout ratio is currently 105.92%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on GLPI shares. Royal Bank of Canada dropped their target price on Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. Morgan Stanley cut shares of Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price objective for the company. in a report on Wednesday, January 15th. JMP Securities reiterated a “market outperform” rating and set a $55.00 target price on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Barclays decreased their price target on shares of Gaming and Leisure Properties from $55.00 to $53.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 4th. Finally, Scotiabank cut their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $53.96.

Insider Transactions at Gaming and Leisure Properties

In other news, SVP Matthew Demchyk sold 1,149 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $47.80, for a total value of $54,922.20. Following the completion of the sale, the senior vice president now directly owns 91,620 shares of the company’s stock, valued at $4,379,436. This trade represents a 1.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Brandon John Moore sold 3,982 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total transaction of $190,498.88. Following the sale, the chief operating officer now owns 278,634 shares in the company, valued at $13,329,850.56. The trade was a 1.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,064 shares of company stock worth $2,778,908 over the last 90 days. 4.37% of the stock is currently owned by insiders.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in the provision of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.