Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC cut its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 5.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,938 shares of the real estate investment trust’s stock after selling 553 shares during the period. Park Avenue Securities LLC’s holdings in Gaming and Leisure Properties were worth $412,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Headlands Technologies LLC purchased a new position in Gaming and Leisure Properties during the 4th quarter worth $30,000. EdgeRock Capital LLC purchased a new position in shares of Gaming and Leisure Properties during the fourth quarter worth about $33,000. Mather Group LLC. acquired a new position in Gaming and Leisure Properties in the 1st quarter valued at about $42,000. GAMMA Investing LLC purchased a new stake in Gaming and Leisure Properties during the 4th quarter valued at approximately $51,000. Finally, Armstrong Advisory Group Inc. lifted its position in Gaming and Leisure Properties by 166.2% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,203 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 751 shares during the period. 91.14% of the stock is owned by institutional investors and hedge funds.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI opened at $45.21 on Friday. The firm has a market capitalization of $12.27 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 5.26 and a beta of 0.96. The company has a debt-to-equity ratio of 1.49, a current ratio of 6.47 and a quick ratio of 6.47. The business’s 50 day simple moving average is $44.23 and its 200-day simple moving average is $45.43. Gaming and Leisure Properties, Inc. has a 12 month low of $41.80 and a 12 month high of $50.06.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.26). The firm had revenue of $376.00 million for the quarter, compared to analyst estimates of $368.44 million. Gaming and Leisure Properties had a return on equity of 16.79% and a net margin of 50.05%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 earnings per share. As a group, equities analysts forecast 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were paid a $0.76 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $3.04 dividend on an annualized basis and a yield of 6.72%. Gaming and Leisure Properties’s payout ratio is 112.18%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on GLPI shares. Wedbush reissued an “outperform” rating and issued a $51.00 target price on shares of Gaming and Leisure Properties in a report on Friday, May 17th. JMP Securities restated a “market outperform” rating and set a $53.00 price objective on shares of Gaming and Leisure Properties in a research report on Monday, June 17th. Stifel Nicolaus raised their target price on shares of Gaming and Leisure Properties from $50.75 to $51.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Mizuho dropped their price target on shares of Gaming and Leisure Properties from $47.00 to $46.00 and set a “neutral” rating on the stock in a research note on Friday, May 10th. Finally, Scotiabank raised their price objective on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a “sector perform” rating in a research report on Thursday, May 16th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $50.33.

Gaming and Leisure Properties Company 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.