Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Position Raised by Marshall Financial Group LLC

Marshall Financial Group LLC lifted its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 2.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 21,428 shares of the real estate investment trust’s stock after acquiring an additional 511 shares during the period. Marshall Financial Group LLC’s holdings in Gaming and Leisure Properties were worth $1,032,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. AE Wealth Management LLC boosted its stake in Gaming and Leisure Properties by 6.7% during the 2nd quarter. AE Wealth Management LLC now owns 8,076 shares of the real estate investment trust’s stock valued at $365,000 after purchasing an additional 508 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Gaming and Leisure Properties by 578.4% during the second quarter. EverSource Wealth Advisors LLC now owns 692 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 590 shares during the last quarter. Public Sector Pension Investment Board boosted its position in shares of Gaming and Leisure Properties by 6.9% during the second quarter. Public Sector Pension Investment Board now owns 27,297 shares of the real estate investment trust’s stock worth $1,234,000 after buying an additional 1,759 shares during the period. Bank of Montreal Can grew its holdings in Gaming and Leisure Properties by 2.0% in the 2nd quarter. Bank of Montreal Can now owns 150,874 shares of the real estate investment trust’s stock worth $6,827,000 after buying an additional 2,970 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in Gaming and Leisure Properties in the 2nd quarter valued at approximately $3,288,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GLPI shares. Scotiabank reduced their price target on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus upped their price objective on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and raised their target price for the company from $49.00 to $54.00 in a research note on Friday, December 13th. Barclays initiated coverage on shares of Gaming and Leisure Properties in a research note on Tuesday, December 17th. They issued an “equal weight” rating and a $54.53 price target for the company. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and raised their price objective for the company from $49.00 to $54.00 in a research note on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $53.93.

Gaming and Leisure Properties Stock Up 0.7 %

Shares of Gaming and Leisure Properties stock opened at $48.11 on Friday. Gaming and Leisure Properties, Inc. has a 12-month low of $41.80 and a 12-month high of $52.60. The firm has a market capitalization of $13.20 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99. 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’s fifty day moving average is $48.87 and its 200-day moving average is $49.75.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share (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 company had revenue of $385.34 million for the quarter, compared to analyst estimates of $385.09 million. During the same quarter in the previous year, the firm posted $0.92 EPS. Gaming and Leisure Properties’s quarterly revenue was up 7.2% on a year-over-year basis. Equities analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a dividend of $0.76 per share. The ex-dividend date was Friday, December 6th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.32%. Gaming and Leisure Properties’s dividend payout ratio is currently 106.29%.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 6,885 shares of Gaming and Leisure Properties stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $50.16, for a total transaction of $345,351.60. Following the transaction, the director now owns 149,800 shares of the company’s stock, valued at $7,513,968. The trade was a 4.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Brandon John Moore sold 3,982 shares of the stock in a transaction that occurred 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 completion of the sale, the chief operating officer now directly owns 278,634 shares of the company’s stock, valued at $13,329,850.56. This trade represents a 1.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,490 shares of company stock worth $1,251,189. 4.37% of the stock is owned by corporate insiders.

About Gaming and Leisure Properties

Gaming & Leisure Properties, Inc engages in 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.