4,559 Shares in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Purchased by BTC Capital Management Inc.

BTC Capital Management Inc. purchased a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,559 shares of the real estate investment trust’s stock, valued at approximately $210,000.

A number of other hedge funds also recently modified their holdings of GLPI. Headlands Technologies LLC bought a new stake in shares of Gaming and Leisure Properties during the fourth quarter valued at approximately $30,000. Operose Advisors LLC bought a new stake in Gaming and Leisure Properties in the 3rd quarter valued at $32,000. EdgeRock Capital LLC acquired a new position in shares of Gaming and Leisure Properties in the 4th quarter valued at $33,000. Mather Group LLC. bought a new position in shares of Gaming and Leisure Properties during the 1st quarter worth about $42,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Gaming and Leisure Properties during the 4th quarter valued at about $51,000. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Trading Up 1.0 %

GLPI opened at $44.37 on Friday. Gaming and Leisure Properties, Inc. has a 1-year low of $41.80 and a 1-year high of $50.06. The stock has a market capitalization of $12.05 billion, a PE ratio of 16.37, a PEG ratio of 5.17 and a beta of 0.96. The company has a current ratio of 6.47, a quick ratio of 6.47 and a debt-to-equity ratio of 1.49. The firm has a 50-day moving average price of $44.03 and a two-hundred day moving average price of $45.49.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results 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 period in the prior year, the business earned $0.92 EPS. As a group, equities 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 company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 6.85%. The ex-dividend date was Friday, June 7th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 112.18%.

Analyst Upgrades and Downgrades

GLPI has been the subject of several recent research reports. Mizuho dropped their price target on shares of Gaming and Leisure Properties from $47.00 to $46.00 and set a “neutral” rating for the company in a research report on Friday, May 10th. JMP Securities restated a “market outperform” rating and set a $53.00 target price on shares of Gaming and Leisure Properties in a research report on Monday, June 17th. Wells Fargo & Company lowered their price target on Gaming and Leisure Properties from $49.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 30th. StockNews.com lowered Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Saturday, June 15th. Finally, Scotiabank boosted their target price on shares of 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. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $50.33.

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.