Forsta AP Fonden Raises Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Forsta AP Fonden increased its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 2.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,800 shares of the real estate investment trust’s stock after purchasing an additional 2,200 shares during the quarter. Forsta AP Fonden’s holdings in Gaming and Leisure Properties were worth $4,693,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of Gaming and Leisure Properties in the second quarter valued at about $31,000. EdgeRock Capital LLC purchased a new position in shares of Gaming and Leisure Properties in the second quarter valued at about $33,000. MCF Advisors LLC increased its position in shares of Gaming and Leisure Properties by 416.7% in the first quarter. MCF Advisors LLC now owns 744 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 600 shares during the period. Versant Capital Management Inc increased its position in shares of Gaming and Leisure Properties by 18,500.0% in the second quarter. Versant Capital Management Inc now owns 744 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 740 shares during the period. Finally, Mather Group LLC. purchased a new position in shares of Gaming and Leisure Properties in the first quarter valued at about $42,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on GLPI shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a “hold” rating in a research report on Monday, July 29th. UBS Group lifted their target price on shares of Gaming and Leisure Properties from $56.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Wells Fargo & Company lifted their target price on shares of Gaming and Leisure Properties from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Monday, August 26th. Raymond James lifted their target price on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a research note on Wednesday, August 21st. Finally, Scotiabank lifted their target price on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 16th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $52.11.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,605 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $48.89, for a total transaction of $274,028.45. Following the completion of the sale, the director now directly owns 156,685 shares of the company’s stock, valued at $7,660,329.65. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Gaming and Leisure Properties news, CFO Desiree A. Burke sold 12,973 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $52.02, for a total value of $674,855.46. Following the completion of the transaction, the chief financial officer now directly owns 108,073 shares in the company, valued at $5,621,957.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director E Scott Urdang sold 5,605 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $48.89, for a total transaction of $274,028.45. Following the completion of the transaction, the director now owns 156,685 shares of the company’s stock, valued at $7,660,329.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,478 shares of company stock valued at $2,495,429. Insiders own 4.40% of the company’s stock.

Gaming and Leisure Properties Stock Up 0.5 %

GLPI opened at $51.62 on Friday. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.49. The firm has a 50 day moving average price of $49.68 and a 200-day moving average price of $46.34. Gaming and Leisure Properties, Inc. has a twelve month low of $41.80 and a twelve month high of $52.60. The stock has a market capitalization of $14.16 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 5.47 and a beta of 0.99.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.15). Gaming and Leisure Properties had a net margin of 52.79% and a return on equity of 17.60%. The company had revenue of $380.60 million for the quarter, compared to analysts’ expectations of $377.95 million. During the same period in the previous year, the firm earned $0.92 earnings per share. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. Equities research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.04 dividend on an annualized basis and a yield of 5.89%. Gaming and Leisure Properties’s dividend payout ratio is currently 112.18%.

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.