Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lifted its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 8.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,476 shares of the real estate investment trust’s stock after buying an additional 2,078 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Gaming and Leisure Properties were worth $1,197,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Ignite Planners LLC grew its position in shares of Gaming and Leisure Properties by 1.8% during the 2nd quarter. Ignite Planners LLC now owns 12,181 shares of the real estate investment trust’s stock valued at $543,000 after buying an additional 220 shares during the last quarter. Moody National Bank Trust Division grew its position in Gaming and Leisure Properties by 1.2% in the 1st quarter. Moody National Bank Trust Division now owns 19,068 shares of the real estate investment trust’s stock worth $878,000 after purchasing an additional 231 shares during the last quarter. Private Advisor Group LLC grew its position 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 worth $527,000 after purchasing an additional 299 shares during the last quarter. Corient Private Wealth LLC grew its position in Gaming and Leisure Properties by 1.9% in the 4th quarter. Corient Private Wealth LLC now owns 17,844 shares of the real estate investment trust’s stock worth $881,000 after purchasing an additional 327 shares during the last quarter. Finally, Woodward Diversified Capital LLC grew its position in Gaming and Leisure Properties by 6.1% in the 1st quarter. Woodward Diversified Capital LLC now owns 6,077 shares of the real estate investment trust’s stock worth $280,000 after purchasing an additional 351 shares during the last quarter. Institutional investors own 91.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on GLPI. StockNews.com upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Friday, July 19th. Morgan Stanley restated an “overweight” rating and issued a $53.00 target price on shares of Gaming and Leisure Properties in a research report on Friday, June 21st. Stifel Nicolaus upped their target price on shares of Gaming and Leisure Properties from $52.00 to $52.50 and gave the stock a “buy” rating in a research report on Friday, July 26th. Raymond James upped their target price on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Finally, Scotiabank increased their price objective on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a report on Tuesday, July 16th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Gaming and Leisure Properties presently has an average rating of “Moderate Buy” and an average price target of $52.11.

Insider Transactions at Gaming and Leisure Properties

In other news, COO Brandon John Moore sold 30,900 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $50.05, for a total transaction of $1,546,545.00. Following the completion of the sale, the chief operating officer now directly owns 208,977 shares of the company’s stock, valued at approximately $10,459,298.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director E Scott Urdang sold 5,605 shares of the stock in a transaction 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 completion of the sale, the director now owns 156,685 shares in the company, valued at $7,660,329.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Brandon John Moore sold 30,900 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $50.05, for a total value of $1,546,545.00. Following the completion of the sale, the chief operating officer now owns 208,977 shares of the company’s stock, valued at approximately $10,459,298.85. The disclosure for this sale can be found here. Insiders sold a total of 49,478 shares of company stock valued at $2,495,429 in the last three months. 4.40% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties Price Performance

NASDAQ GLPI opened at $50.90 on Friday. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year high of $52.60. The business’s fifty day moving average is $50.15 and its two-hundred day moving average is $46.49. The stock has a market capitalization of $13.82 billion, a P/E ratio of 18.78, a P/E/G ratio of 5.47 and a beta of 0.99. The company has a debt-to-equity ratio of 1.49, a quick ratio of 5.91 and a current ratio of 5.91.

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). The company had revenue of $380.60 million for the quarter, compared to the consensus estimate of $377.95 million. Gaming and Leisure Properties had a return on equity of 17.60% and a net margin of 52.79%. The business’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.92 earnings per share. On average, research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 5.97%. The ex-dividend date is Friday, September 13th. Gaming and Leisure Properties’s dividend payout ratio is presently 112.18%.

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.