Cetera Investment Advisers Acquires 299 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Cetera Investment Advisers increased its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 0.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 54,803 shares of the real estate investment trust’s stock after acquiring an additional 299 shares during the period. Cetera Investment Advisers’ holdings in Gaming and Leisure Properties were worth $2,478,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GLPI. Teachers Retirement System of The State of Kentucky lifted 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 worth $4,239,000 after purchasing an additional 6,300 shares during the last quarter. Integrated Advisors Network LLC bought a new stake in Gaming and Leisure Properties during the 4th quarter valued at about $410,000. Wellington Management Group LLP lifted its holdings in Gaming and Leisure Properties by 40.8% during the 4th 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 in the last quarter. PNC Financial Services Group Inc. boosted its position in Gaming and Leisure Properties by 12.1% in the 4th 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 period. Finally, HighPoint Advisor Group LLC bought a new position in Gaming and Leisure Properties in the 4th quarter worth about $234,000. 91.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on GLPI. UBS Group lifted their price target 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. Royal Bank of Canada upped their target price on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Wells Fargo & Company reissued an “equal weight” rating and set a $52.00 price target (up previously from $51.00) on shares of Gaming and Leisure Properties in a research report on Tuesday, October 1st. Morgan Stanley restated an “overweight” rating and issued a $53.00 price objective on shares of Gaming and Leisure Properties in a report on Friday, June 21st. Finally, JMP Securities increased their target price on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock a “market outperform” rating in a report on Monday, August 12th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $52.18.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, COO Brandon John Moore sold 30,900 shares of Gaming and Leisure Properties stock in a transaction dated 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 sale, the chief operating officer now owns 208,977 shares of the company’s stock, valued at approximately $10,459,298.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,605 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 156,685 shares of the company’s stock, valued at approximately $7,660,329.65. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Brandon John Moore sold 30,900 shares of Gaming and Leisure Properties stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $50.05, for a total transaction of $1,546,545.00. Following the sale, the chief operating officer now owns 208,977 shares of the company’s stock, valued at approximately $10,459,298.85. 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 worth $2,495,429. Company insiders own 4.40% of the company’s stock.

Gaming and Leisure Properties Stock Up 0.7 %

Gaming and Leisure Properties stock opened at $50.78 on Friday. The business has a fifty day moving average price of $50.74 and a 200-day moving average price of $47.09. Gaming and Leisure Properties, Inc. has a 1-year low of $41.80 and a 1-year high of $52.60. The stock has a market capitalization of $13.79 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 5.34 and a beta of 0.99. The company has a debt-to-equity ratio of 1.49, a current ratio of 5.91 and a quick ratio of 5.91.

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

Gaming and Leisure Properties Announces Dividend

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

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.