Integrated Advisors Network LLC Takes $410,000 Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Integrated Advisors Network LLC bought a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,313 shares of the real estate investment trust’s stock, valued at approximately $410,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in shares of Gaming and Leisure Properties in the fourth quarter valued at approximately $30,000. Operose Advisors LLC bought a new stake in shares of Gaming and Leisure Properties in the third quarter valued at approximately $32,000. EdgeRock Capital LLC bought a new stake in shares of Gaming and Leisure Properties in the fourth quarter valued at approximately $33,000. GAMMA Investing LLC bought a new stake in shares of Gaming and Leisure Properties in the fourth quarter valued at approximately $51,000. Finally, Armstrong Advisory Group Inc. boosted its stake in shares of Gaming and Leisure Properties by 166.2% in the fourth quarter. Armstrong Advisory Group Inc. now owns 1,203 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 751 shares during the period. Institutional investors and hedge funds own 91.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Scotiabank boosted their price target on Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a “sector perform” rating in a research note on Thursday, May 16th. JMP Securities restated a “market outperform” rating and set a $53.00 target price on shares of Gaming and Leisure Properties in a research note on Monday. Royal Bank of Canada cut their target price on Gaming and Leisure Properties from $49.00 to $47.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. StockNews.com cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Morgan Stanley cut their target price on Gaming and Leisure Properties from $55.00 to $53.00 and set an “overweight” rating for the company in a research note on Thursday, March 21st. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Gaming and Leisure Properties currently has an average rating of “Hold” and a consensus price target of $50.33.

Gaming and Leisure Properties Stock Up 1.1 %

Shares of GLPI opened at $44.14 on Wednesday. Gaming and Leisure Properties, Inc. has a 52 week low of $41.80 and a 52 week high of $50.06. The stock has a market capitalization of $11.98 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 5.11 and a beta of 0.96. The company has a debt-to-equity ratio of 1.49, a quick ratio of 6.47 and a current ratio of 6.47. The stock has a fifty day moving average of $43.97 and a 200-day moving average of $45.55.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.26). The company had revenue of $376.00 million during the quarter, compared to analyst estimates of $368.44 million. Gaming and Leisure Properties had a net margin of 50.05% and a return on equity of 16.79%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.92 earnings per share. As a group, sell-side analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.65 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be issued a $0.76 dividend. The ex-dividend date is Friday, June 7th. This represents a $3.04 dividend on an annualized basis and a yield of 6.89%. Gaming and Leisure Properties’s payout ratio is 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.