Marshall Financial Group LLC Has $890,000 Stock Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Marshall Financial Group LLC grew its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 11.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,318 shares of the real estate investment trust’s stock after purchasing an additional 2,019 shares during the period. Marshall Financial Group LLC’s holdings in Gaming and Leisure Properties were worth $890,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in shares of Gaming and Leisure Properties in the 4th quarter worth about $30,000. EdgeRock Capital LLC acquired a new stake in shares of Gaming and Leisure Properties in the 4th quarter worth about $33,000. MCF Advisors LLC raised its holdings in shares of Gaming and Leisure Properties by 416.7% in the 1st quarter. MCF Advisors LLC now owns 744 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 600 shares during the last quarter. Mather Group LLC. bought a new stake in Gaming and Leisure Properties in the 1st quarter worth about $42,000. Finally, GAMMA Investing LLC purchased a new stake in Gaming and Leisure Properties in the 4th quarter valued at about $51,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GLPI. Stifel Nicolaus raised their price target 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 objective on shares of Gaming and Leisure Properties from $47.00 to $46.00 and set a “neutral” rating for the company in a report on Friday, May 10th. Wells Fargo & Company dropped their price objective on shares of Gaming and Leisure Properties from $49.00 to $48.00 and set an “equal weight” rating for the company in a report on Thursday, May 30th. Morgan Stanley reiterated an “overweight” rating and issued a $53.00 target price on shares of Gaming and Leisure Properties in a research report on Friday, June 21st. Finally, Royal Bank of Canada decreased their price objective on shares of Gaming and Leisure Properties from $49.00 to $47.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Gaming and Leisure Properties has an average rating of “Moderate Buy” and a consensus target price of $50.33.

Gaming and Leisure Properties Stock Up 0.5 %

Shares of Gaming and Leisure Properties stock opened at $44.10 on Friday. The company has a market cap of $11.97 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 5.19 and a beta of 0.98. The company’s 50 day moving average is $44.29 and its 200 day moving average is $45.34. Gaming and Leisure Properties, Inc. has a twelve month low of $41.80 and a twelve month high of $50.06. The company has a quick ratio of 6.47, a current ratio of 6.47 and a debt-to-equity ratio of 1.49.

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

Gaming and Leisure Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were issued a dividend of $0.76 per share. 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 6.89%. Gaming and Leisure Properties’s dividend payout ratio is currently 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.