Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV raised its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 6.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,907 shares of the real estate investment trust’s stock after acquiring an additional 6,775 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Gaming and Leisure Properties were worth $4,969,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in Gaming and Leisure Properties by 9.3% during the 2nd 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 period. Plato Investment Management Ltd bought a new stake in Gaming and Leisure Properties in the second quarter valued at $662,000. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Gaming and Leisure Properties by 12.8% during the second quarter. Thompson Siegel & Walmsley LLC now owns 1,130,526 shares of the real estate investment trust’s stock valued at $51,111,000 after acquiring an additional 128,529 shares during the period. Stoneridge Investment Partners LLC bought a new position in shares of Gaming and Leisure Properties during the second quarter worth about $742,000. Finally, Prevail Innovative Wealth Advisors LLC grew its position in shares of Gaming and Leisure Properties by 17.1% during the second quarter. Prevail Innovative Wealth Advisors LLC now owns 43,086 shares of the real estate investment trust’s stock worth $1,948,000 after acquiring an additional 6,302 shares during the last quarter. 91.14% of the stock is owned by institutional investors.

Gaming and Leisure Properties Stock Up 0.1 %

NASDAQ GLPI opened at $50.90 on Friday. The company has a market capitalization of $13.82 billion, a P/E ratio of 18.78, a PEG ratio of 5.47 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 debt-to-equity ratio of 1.49, a current ratio of 5.91 and a quick ratio of 5.91. The company’s 50 day simple moving average is $50.20 and its 200 day simple moving average is $46.53.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.77 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 analyst estimates of $377.95 million. Gaming and Leisure Properties had a net margin of 52.79% and a return on equity of 17.60%. Gaming and Leisure Properties’s revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the company posted $0.92 EPS. Equities research analysts expect 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 will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.04 dividend on an annualized basis and a yield of 5.97%. Gaming and Leisure Properties’s dividend payout ratio is currently 112.18%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on GLPI shares. UBS Group boosted 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 research note on Tuesday, July 16th. Raymond James boosted their price objective on Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Royal Bank of Canada raised their target price on 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. StockNews.com upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Friday, July 19th. Finally, Morgan Stanley reissued an “overweight” rating and set a $53.00 price target on shares of Gaming and Leisure Properties in a report on Friday, June 21st. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Gaming and Leisure Properties presently has an average rating of “Moderate Buy” and a consensus price target of $52.11.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, COO Brandon John Moore sold 30,900 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $50.05, for a total value 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. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, COO Brandon John Moore sold 30,900 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $50.05, for a total value of $1,546,545.00. Following the completion of the sale, the chief operating officer now owns 208,977 shares of the company’s stock, valued at $10,459,298.85. The sale was disclosed in a legal filing with the SEC, which is accessible 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 owns 156,685 shares in the company, valued at approximately $7,660,329.65. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,478 shares of company stock worth $2,495,429. Company insiders own 4.40% of the company’s stock.

Gaming and Leisure Properties Company 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.