Dark Forest Capital Management LP Purchases 465 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Dark Forest Capital Management LP grew its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 6.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,899 shares of the real estate investment trust’s stock after acquiring an additional 465 shares during the period. Dark Forest Capital Management LP’s holdings in Gaming and Leisure Properties were worth $357,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Ignite Planners LLC lifted its holdings in Gaming and Leisure Properties by 1.8% in the 2nd quarter. Ignite Planners LLC now owns 12,181 shares of the real estate investment trust’s stock worth $543,000 after buying an additional 220 shares during the period. Moody National Bank Trust Division raised its holdings in shares of Gaming and Leisure Properties by 1.2% during the first quarter. Moody National Bank Trust Division now owns 19,068 shares of the real estate investment trust’s stock valued at $878,000 after acquiring an additional 231 shares in the last quarter. Ieq Capital LLC lifted its stake in Gaming and Leisure Properties by 0.3% in the second quarter. Ieq Capital LLC now owns 90,749 shares of the real estate investment trust’s stock worth $4,103,000 after acquiring an additional 257 shares during the period. Private Advisor Group LLC boosted its holdings in Gaming and Leisure Properties by 2.7% in the first quarter. Private Advisor Group LLC now owns 11,440 shares of the real estate investment trust’s stock valued at $527,000 after acquiring an additional 299 shares in the last quarter. Finally, Corient Private Wealth LLC increased its position in Gaming and Leisure Properties by 1.9% during the 4th quarter. Corient Private Wealth LLC now owns 17,844 shares of the real estate investment trust’s stock valued at $881,000 after purchasing an additional 327 shares during the period. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GLPI shares. Wells Fargo & Company raised their target price on shares of Gaming and Leisure Properties from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, August 26th. UBS Group raised 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. Deutsche Bank Aktiengesellschaft increased their target price on Gaming and Leisure Properties from $47.00 to $48.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Morgan Stanley restated an “overweight” rating and set a $53.00 price target on shares of Gaming and Leisure Properties in a research report on Friday, June 21st. Finally, Raymond James increased their price objective on Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a report on Wednesday, August 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.11.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, CFO Desiree A. Burke sold 12,973 shares of Gaming and Leisure Properties stock in a transaction that occurred on 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 directly owns 108,073 shares in the company, valued at $5,621,957.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Desiree A. Burke sold 12,973 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $52.02, for a total value of $674,855.46. Following the sale, the chief financial officer now owns 108,073 shares in the company, valued at $5,621,957.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director E Scott Urdang sold 5,605 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $48.89, for a total transaction of $274,028.45. Following the sale, the director now owns 156,685 shares of the company’s stock, valued at $7,660,329.65. The disclosure for this sale can be found here. In the last 90 days, 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 Stock Down 0.3 %

Shares of Gaming and Leisure Properties stock opened at $50.75 on Friday. The company has a 50-day simple moving average of $50.41 and a two-hundred day simple moving average of $46.70. The stock has a market capitalization of $13.78 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 5.36 and a beta of 0.99. Gaming and Leisure Properties, Inc. has a 52-week low of $41.80 and a 52-week high of $52.60. 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 data on Thursday, July 25th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.15). The business had revenue of $380.60 million during the quarter, compared to the consensus estimate of $377.95 million. Gaming and Leisure Properties had a net margin of 52.79% and a return on equity of 17.60%. The business’s revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company posted $0.92 earnings per share. On average, analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

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

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.