Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Stock Holdings Lifted by Marshall Financial Group LLC

Marshall Financial Group LLC grew its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 21,428 shares of the real estate investment trust’s stock after acquiring an additional 511 shares during the quarter. Marshall Financial Group LLC’s holdings in Gaming and Leisure Properties were worth $1,032,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GLPI. EP Wealth Advisors LLC lifted its holdings in Gaming and Leisure Properties by 0.7% in the 2nd quarter. EP Wealth Advisors LLC now owns 33,990 shares of the real estate investment trust’s stock worth $1,537,000 after purchasing an additional 220 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Gaming and Leisure Properties by 8.7% in the fourth quarter. GAMMA Investing LLC now owns 2,826 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 226 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of Gaming and Leisure Properties by 5.1% in the third quarter. Integrated Wealth Concepts LLC now owns 5,433 shares of the real estate investment trust’s stock worth $280,000 after buying an additional 262 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Gaming and Leisure Properties by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 7,948 shares of the real estate investment trust’s stock worth $409,000 after buying an additional 278 shares during the period. Finally, Cetera Investment Advisers grew its stake in Gaming and Leisure Properties by 0.5% in the 2nd quarter. Cetera Investment Advisers now owns 54,803 shares of the real estate investment trust’s stock valued at $2,478,000 after buying an additional 299 shares during the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Price Performance

NASDAQ:GLPI opened at $48.11 on Friday. The company has a market capitalization of $13.20 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 1.96 and a beta of 0.99. The company has a 50-day moving average of $48.87 and a 200-day moving average of $49.75. Gaming and Leisure Properties, Inc. has a 52 week low of $41.80 and a 52 week 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.

Gaming and Leisure Properties (NASDAQ:GLPI) last released 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). Gaming and Leisure Properties had a net margin of 51.93% and a return on equity of 17.31%. The company had revenue of $385.34 million for the quarter, compared to analyst estimates of $385.09 million. During the same period in the previous year, the firm posted $0.92 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 6.32%. The ex-dividend date of this dividend was Friday, December 6th. Gaming and Leisure Properties’s dividend payout ratio is 106.29%.

Insider Buying and Selling at Gaming and Leisure Properties

In related news, COO Brandon John Moore sold 3,982 shares of Gaming and Leisure Properties stock in a transaction dated 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 $13,329,850.56. This trade represents a 1.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Matthew Demchyk sold 1,149 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $47.80, for a total transaction of $54,922.20. Following the sale, the senior vice president now directly owns 91,620 shares in the company, valued at $4,379,436. This represents a 1.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,490 shares of company stock worth $1,251,189 over the last three months. Company insiders own 4.37% of the company’s stock.

Analysts Set New Price Targets

GLPI has been the subject of a number of research analyst reports. Wells Fargo & Company reissued an “equal weight” rating and set a $52.00 target price (up previously from $51.00) on shares of Gaming and Leisure Properties in a research report on Tuesday, October 1st. JMP Securities reissued 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. Deutsche Bank Aktiengesellschaft raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and raised their target price for the company from $49.00 to $54.00 in a report on Wednesday, November 20th. Barclays began coverage on Gaming and Leisure Properties in a report on Tuesday, December 17th. They set an “equal weight” rating and a $54.53 price target for the company. Finally, Scotiabank lowered their price objective on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $53.93.

About Gaming and Leisure Properties

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.