Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Stock Holdings Lifted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 8.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,586 shares of the real estate investment trust’s stock after acquiring an additional 928 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Gaming and Leisure Properties were worth $596,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its holdings in shares of Gaming and Leisure Properties by 27.4% in the first quarter. Russell Investments Group Ltd. now owns 309,882 shares of the real estate investment trust’s stock valued at $14,276,000 after purchasing an additional 66,601 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Gaming and Leisure Properties during the first quarter valued at $2,396,000. Lasalle Investment Management Securities LLC lifted its stake in Gaming and Leisure Properties by 1.5% in the 1st quarter. Lasalle Investment Management Securities LLC now owns 1,479,756 shares of the real estate investment trust’s stock worth $68,172,000 after acquiring an additional 21,667 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in Gaming and Leisure Properties during the 2nd quarter worth about $3,165,000. Finally, Caxton Associates LP boosted its position in Gaming and Leisure Properties by 72.5% during the 1st quarter. Caxton Associates LP now owns 24,282 shares of the real estate investment trust’s stock worth $1,119,000 after acquiring an additional 10,209 shares during the period. Institutional investors and hedge funds own 91.14% of the company’s stock.

Insider Activity

In related news, COO Brandon John Moore sold 30,900 shares of the business’s stock in a transaction dated 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 transaction, the chief operating officer now owns 208,977 shares of the company’s stock, valued at approximately $10,459,298.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 0.00 % decrease in their position. The transaction 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 the business’s stock in a transaction dated 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 transaction, the chief operating officer now owns 208,977 shares in the company, valued at approximately $10,459,298.85. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 59,363 shares of company stock valued at $2,991,951. 4.37% of the stock is owned by insiders.

Analysts Set New Price Targets

GLPI has been the subject of a number of research analyst reports. Royal Bank of Canada increased their price target on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft lifted 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 research note on Monday, July 29th. JMP Securities restated a “market outperform” rating and set a $55.00 price target on shares of Gaming and Leisure Properties in a report on Tuesday, October 29th. UBS Group increased their price objective on Gaming and Leisure Properties from $56.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Finally, Wolfe Research upgraded Gaming and Leisure Properties from a “peer perform” rating to an “outperform” rating and set a $57.00 target price on the stock in a research note on Friday, August 23rd. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $52.18.

Gaming and Leisure Properties Stock Up 0.7 %

Shares of GLPI stock opened at $49.39 on Friday. The stock’s 50 day simple moving average is $51.04 and its 200 day simple moving average is $47.90. Gaming and Leisure Properties, Inc. has a twelve month low of $41.80 and a twelve month high of $52.60. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. The company has a market capitalization of $13.55 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 2.18 and a beta of 0.99.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 earnings per share. As a group, research analysts predict that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date was Friday, September 13th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 106.29%.

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.