Farther Finance Advisors LLC Purchases 384 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Farther Finance Advisors LLC raised its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 142.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 654 shares of the real estate investment trust’s stock after purchasing an additional 384 shares during the period. Farther Finance Advisors LLC’s holdings in Gaming and Leisure Properties were worth $34,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. bought a new stake in Gaming and Leisure Properties in the first quarter valued at about $775,000. Russell Investments Group Ltd. grew its stake in shares of Gaming and Leisure Properties by 27.4% in the 1st quarter. Russell Investments Group Ltd. now owns 309,882 shares of the real estate investment trust’s stock valued at $14,276,000 after purchasing an additional 66,601 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in shares of Gaming and Leisure Properties by 1.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 226,503 shares of the real estate investment trust’s stock worth $10,435,000 after buying an additional 3,154 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Gaming and Leisure Properties by 11.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 306,766 shares of the real estate investment trust’s stock worth $14,133,000 after buying an additional 31,864 shares during the period. Finally, Intech Investment Management LLC bought a new position in shares of Gaming and Leisure Properties during the 1st quarter worth approximately $610,000. Institutional investors own 91.14% of the company’s stock.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $50.39, for a total transaction of $151,170.00. Following the transaction, the director now owns 146,800 shares in the company, valued at approximately $7,397,252. This trade represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Desiree A. Burke sold 12,973 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $52.02, for a total value of $674,855.46. Following the transaction, the chief financial officer now owns 108,073 shares of the company’s stock, valued at $5,621,957.46. The trade was a 10.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 53,758 shares of company stock valued at $2,717,922 over the last three months. Company insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Price Performance

Shares of GLPI stock opened at $48.72 on Friday. The firm has a market cap of $13.37 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 2.12 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 quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. The stock has a 50-day moving average price of $50.78 and a 200 day moving average price of $48.11.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.25). Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. The business had revenue of $385.34 million for the quarter, compared to analyst estimates of $385.09 million. During the same quarter in the prior year, the firm earned $0.92 EPS. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. Research analysts expect 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 declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a $0.76 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.04 annualized dividend and a dividend yield of 6.24%. Gaming and Leisure Properties’s dividend payout ratio is currently 106.29%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Stifel Nicolaus increased their price objective on Gaming and Leisure Properties from $52.00 to $52.50 and gave the stock a “buy” rating in a research note on Friday, July 26th. StockNews.com cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Raymond James raised their price objective on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Finally, Mizuho reduced their target price on Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a report on Thursday. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $52.54.

About Gaming and Leisure Properties

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.