Farther Finance Advisors LLC Has $34,000 Stock Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Farther Finance Advisors LLC increased its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 142.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 654 shares of the real estate investment trust’s stock after purchasing an additional 384 shares during the quarter. Farther Finance Advisors LLC’s holdings in Gaming and Leisure Properties were worth $34,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of GLPI. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Gaming and Leisure Properties during the second quarter valued at approximately $31,000. EdgeRock Capital LLC acquired a new stake in Gaming and Leisure Properties during the 2nd quarter valued at $33,000. Versant Capital Management Inc lifted its holdings 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 purchasing an additional 740 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Gaming and Leisure Properties by 578.4% in the second quarter. EverSource Wealth Advisors LLC now owns 692 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 590 shares during the period. Finally, Abich Financial Wealth Management LLC boosted its position in shares of Gaming and Leisure Properties by 3,191.3% in the third quarter. Abich Financial Wealth Management LLC now owns 757 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 734 shares during the period. 91.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, CFO Desiree A. Burke sold 12,973 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now directly owns 108,073 shares in the company, valued at $5,621,957.46. This trade represents a 10.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director E Scott Urdang sold 3,000 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $50.39, for a total transaction of $151,170.00. Following the transaction, the director now directly owns 146,800 shares of the company’s stock, valued at $7,397,252. This represents a 2.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 53,758 shares of company stock valued at $2,717,922 in the last 90 days. 4.37% of the stock is currently owned by insiders.

Gaming and Leisure Properties Stock Down 0.8 %

Shares of Gaming and Leisure Properties stock opened at $48.72 on Friday. Gaming and Leisure Properties, Inc. has a 12-month low of $41.80 and a 12-month high of $52.60. The stock has a market capitalization of $13.37 billion, a P/E ratio of 17.04, a PEG ratio of 2.12 and a beta of 0.99. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. The stock has a 50 day moving average price of $50.78 and a two-hundred day moving average price of $48.11.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.25). The firm had revenue of $385.34 million for the quarter, compared to the consensus estimate of $385.09 million. Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. Gaming and Leisure Properties’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 earnings per share. Equities analysts expect that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a dividend of $0.76 per share. The ex-dividend date was Friday, September 13th. This represents a $3.04 annualized dividend and a yield of 6.24%. Gaming and Leisure Properties’s payout ratio is 106.29%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GLPI. JMP Securities reissued a “market outperform” rating and set a $55.00 price target on shares of Gaming and Leisure Properties in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. StockNews.com lowered shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Wolfe Research upgraded shares of Gaming and Leisure Properties from a “peer perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a report on Friday, August 23rd. Finally, Stifel Nicolaus increased their price objective on Gaming and Leisure Properties from $52.00 to $52.50 and gave the stock a “buy” rating in a report on Friday, July 26th. 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $52.54.

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.