Proficio Capital Partners LLC Makes New Investment in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Proficio Capital Partners LLC bought a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 15,947 shares of the real estate investment trust’s stock, valued at approximately $768,000.

Other large investors have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Gaming and Leisure Properties by 647.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,025,526 shares of the real estate investment trust’s stock valued at $104,213,000 after acquiring an additional 1,754,370 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Gaming and Leisure Properties by 7.8% in the third quarter. Franklin Resources Inc. now owns 12,259,224 shares of the real estate investment trust’s stock worth $641,059,000 after purchasing an additional 889,698 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Gaming and Leisure Properties by 6,162.9% in the third quarter. Janus Henderson Group PLC now owns 812,981 shares of the real estate investment trust’s stock worth $41,820,000 after purchasing an additional 800,000 shares during the last quarter. Aew Capital Management L P lifted its holdings in shares of Gaming and Leisure Properties by 1,786.5% during the fourth quarter. Aew Capital Management L P now owns 761,600 shares of the real estate investment trust’s stock valued at $36,679,000 after purchasing an additional 721,230 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Gaming and Leisure Properties during the third quarter valued at $27,057,000. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GLPI has been the subject of a number of research reports. Stifel Nicolaus boosted their target price on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Scotiabank reduced their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $49.00 to $54.00 in a research report on Friday, December 13th. Morgan Stanley lowered shares of Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price target for the company. in a research report on Wednesday, January 15th. Finally, JMP Securities reissued a “market outperform” rating and issued a $55.00 price objective on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Six equities 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $53.96.

Gaming and Leisure Properties Price Performance

NASDAQ:GLPI opened at $50.20 on Friday. The firm has a market capitalization of $13.80 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 2.01 and a beta of 1.00. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. The business has a 50 day simple moving average of $49.14 and a 200-day simple moving average of $49.75. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. The firm had revenue of $389.62 million for the quarter, compared to analysts’ expectations of $391.54 million. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. Equities analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.76 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.04 annualized dividend and a dividend yield of 6.06%. Gaming and Leisure Properties’s dividend payout ratio is currently 105.92%.

Insider Activity

In related news, Director E Scott Urdang sold 5,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $49.72, for a total value of $248,600.00. Following the completion of the sale, the director now directly owns 145,953 shares in the company, valued at $7,256,783.16. This trade represents a 3.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Matthew Demchyk sold 1,149 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $47.80, for a total value of $54,922.20. Following the completion of the transaction, the senior vice president now directly owns 91,620 shares in the company, valued at approximately $4,379,436. The trade was a 1.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,064 shares of company stock worth $2,778,908. Corporate insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in the provision of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.