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

Proficio Capital Partners LLC bought a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 15,947 shares of the real estate investment trust’s stock, valued at approximately $768,000.

Several other large investors have also recently made changes to their positions in GLPI. Assetmark Inc. lifted its stake in shares of Gaming and Leisure Properties by 2,547.6% in the 3rd quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 535 shares during the period. Stonebridge Financial Group LLC acquired a new position in Gaming and Leisure Properties during the fourth quarter worth $31,000. Farther Finance Advisors LLC raised its position in Gaming and Leisure Properties by 142.2% during the third quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 384 shares during the period. CKW Financial Group raised its position in Gaming and Leisure Properties by 75.0% during the fourth quarter. CKW Financial Group now owns 700 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 300 shares during the period. Finally, Brooklyn Investment Group acquired a new position in Gaming and Leisure Properties during the third quarter worth $39,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Gaming and Leisure Properties Trading Up 1.2 %

Shares of GLPI opened at $50.61 on Friday. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties, Inc. has a 12-month low of $41.80 and a 12-month high of $52.60. The firm has a 50-day moving average price of $48.53 and a 200 day moving average price of $49.80. The firm has a market capitalization of $13.91 billion, a P/E ratio of 17.63, a P/E/G ratio of 2.01 and a beta of 1.00.

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

Gaming and Leisure Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 6.01%. The ex-dividend date is Friday, March 14th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 105.92%.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 1,149 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $47.80, for a total transaction of $54,922.20. Following the completion of the transaction, the senior vice president now owns 91,620 shares of the company’s stock, valued at $4,379,436. This trade represents a 1.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Brandon John Moore sold 3,982 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total transaction of $190,498.88. Following the completion of the transaction, the chief operating officer now directly owns 278,634 shares of the company’s stock, valued at approximately $13,329,850.56. The trade was a 1.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,161 shares of company stock valued at $2,425,521 over the last 90 days. 4.37% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on GLPI shares. JPMorgan Chase & Co. upgraded shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $49.00 to $54.00 in a research report on Friday, December 13th. Barclays reduced their price objective on shares of Gaming and Leisure Properties from $55.00 to $53.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 4th. Mizuho reduced their price objective on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating for the company in a research report on Thursday, November 14th. Royal Bank of Canada reduced their price objective on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. Finally, JMP Securities restated a “market outperform” rating and set a $55.00 price objective on shares of Gaming and Leisure Properties in a research report on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $54.04.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in 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.