679 Shares in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Bought by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC bought a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 679 shares of the real estate investment trust’s stock, valued at approximately $31,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Wellington Management Group LLP boosted its stake in Gaming and Leisure Properties by 40.8% during the fourth quarter. Wellington Management Group LLP now owns 12,709,300 shares of the real estate investment trust’s stock worth $627,204,000 after acquiring an additional 3,684,553 shares in the last quarter. Putnam Investments LLC raised its holdings in Gaming and Leisure Properties by 3.1% during the fourth quarter. Putnam Investments LLC now owns 9,511,521 shares of the real estate investment trust’s stock worth $469,394,000 after buying an additional 282,828 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Gaming and Leisure Properties by 4.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,489,160 shares of the real estate investment trust’s stock worth $252,886,000 after buying an additional 211,709 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Gaming and Leisure Properties by 36.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,910,169 shares of the real estate investment trust’s stock worth $134,074,000 after buying an additional 781,906 shares during the last quarter. Finally, Norges Bank acquired a new position in Gaming and Leisure Properties during the fourth quarter worth $141,537,000. 91.14% of the stock is owned by institutional investors.

Insider Activity

In other news, Director E Scott Urdang sold 5,605 shares of the firm’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 value of $274,028.45. Following the completion of the transaction, the director now directly owns 156,685 shares in the company, valued at $7,660,329.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,605 shares of Gaming and Leisure Properties 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 in the company, valued at $7,660,329.65. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Desiree A. Burke sold 12,973 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $52.02, for a total transaction 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 approximately $5,621,957.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,478 shares of company stock worth $2,495,429. 4.40% of the stock is owned by company insiders.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI opened at $51.65 on Tuesday. The company has a 50-day moving average price of $49.81 and a two-hundred day moving average price of $46.39. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.49. Gaming and Leisure Properties, Inc. has a twelve month low of $41.80 and a twelve month high of $52.60. The firm has a market capitalization of $14.02 billion, a PE ratio of 19.06, a P/E/G 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 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $380.60 million during the quarter, compared to the consensus estimate of $377.95 million. During the same quarter last year, the business posted $0.92 earnings per share. Gaming and Leisure Properties’s revenue was up 6.7% compared to the same quarter last year. Equities analysts forecast that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a $0.76 dividend. The ex-dividend date is Friday, September 13th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 5.89%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 112.18%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on GLPI shares. Wells Fargo & Company upped their price objective on shares of Gaming and Leisure Properties from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, August 26th. Raymond James increased 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 report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft increased their target price on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a “hold” rating in a report on Monday, July 29th. Royal Bank of Canada increased their target price on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $53.00 target price on shares of Gaming and Leisure Properties in a report on Friday, June 21st. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Gaming and Leisure Properties presently has an average rating of “Moderate Buy” and a consensus target price of $52.11.

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.