Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Acquired by Creative Planning

Creative Planning increased its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 22.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,737 shares of the real estate investment trust’s stock after purchasing an additional 2,841 shares during the quarter. Creative Planning’s holdings in Gaming and Leisure Properties were worth $810,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Norden Group LLC acquired a new stake in Gaming and Leisure Properties in the 1st quarter valued at about $278,000. First Trust Direct Indexing L.P. lifted its holdings in Gaming and Leisure Properties by 7.1% in the 1st quarter. First Trust Direct Indexing L.P. now owns 9,154 shares of the real estate investment trust’s stock valued at $422,000 after acquiring an additional 608 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in Gaming and Leisure Properties by 9.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 24,594 shares of the real estate investment trust’s stock valued at $1,133,000 after acquiring an additional 2,095 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Gaming and Leisure Properties by 2.8% in the 1st quarter. Van ECK Associates Corp now owns 80,661 shares of the real estate investment trust’s stock valued at $3,716,000 after acquiring an additional 2,219 shares during the last quarter. Finally, Private Advisor Group LLC lifted its holdings in Gaming and Leisure Properties by 2.7% in the 1st quarter. Private Advisor Group LLC now owns 11,440 shares of the real estate investment trust’s stock valued at $527,000 after acquiring an additional 299 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI opened at $49.82 on Friday. The firm has a market cap of $13.67 billion, a price-to-earnings ratio of 17.42, a P/E/G ratio of 2.16 and a beta of 0.99. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year high of $52.60. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. The business has a fifty day simple moving average of $51.14 and a 200 day simple moving average of $47.69.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.25). The firm had revenue of $385.34 million for the quarter, compared to analysts’ expectations of $385.09 million. Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the business earned $0.92 earnings per share. As a group, sell-side analysts predict that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 6.10%. The ex-dividend date of this dividend was Friday, September 13th. Gaming and Leisure Properties’s dividend payout ratio is 106.29%.

Insider Transactions at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 5,605 shares of the firm’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 value of $274,028.45. Following the transaction, the director now directly owns 156,685 shares of the company’s stock, valued at approximately $7,660,329.65. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,605 shares of the 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 transaction, the director now owns 156,685 shares in the company, valued at $7,660,329.65. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Brandon John Moore sold 30,900 shares of Gaming and Leisure Properties stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $50.05, for a total transaction of $1,546,545.00. Following the completion of the transaction, the chief operating officer now directly owns 208,977 shares in the company, valued at approximately $10,459,298.85. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,363 shares of company stock worth $2,840,781 in the last 90 days. 4.37% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on GLPI shares. Wells Fargo & Company reissued an “equal weight” rating and issued a $52.00 price target (up from $51.00) on shares of Gaming and Leisure Properties in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on Gaming and Leisure Properties from $47.00 to $48.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Scotiabank boosted their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 16th. Wolfe Research upgraded Gaming and Leisure Properties from a “peer perform” rating to an “outperform” rating and set a $57.00 price objective on the stock in a report on Friday, August 23rd. Finally, JMP Securities restated a “market outperform” rating and set a $55.00 price objective on shares of Gaming and Leisure Properties in a report on Tuesday, October 29th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Gaming and Leisure Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.18.

About Gaming and Leisure Properties

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.