Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Position Lifted by Advisory Services Network LLC

Advisory Services Network LLC raised its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPIGet Rating) by 21.4% during the first quarter, HoldingsChannel reports. The fund owned 42,848 shares of the real estate investment trust’s stock after acquiring an additional 7,553 shares during the quarter. Advisory Services Network LLC’s holdings in Gaming and Leisure Properties were worth $2,011,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in GLPI. Neuberger Berman Group LLC raised its holdings in shares of Gaming and Leisure Properties by 9.6% during the first quarter. Neuberger Berman Group LLC now owns 75,326 shares of the real estate investment trust’s stock worth $3,535,000 after purchasing an additional 6,605 shares during the period. Toroso Investments LLC acquired a new stake in shares of Gaming and Leisure Properties during the first quarter worth $718,000. Capital International Sarl raised its holdings in shares of Gaming and Leisure Properties by 3.2% during the first quarter. Capital International Sarl now owns 105,574 shares of the real estate investment trust’s stock worth $4,955,000 after purchasing an additional 3,285 shares during the period. Capital Group Private Client Services Inc. raised its holdings in shares of Gaming and Leisure Properties by 4.4% during the first quarter. Capital Group Private Client Services Inc. now owns 165,050 shares of the real estate investment trust’s stock worth $7,746,000 after purchasing an additional 6,914 shares during the period. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Gaming and Leisure Properties by 13.9% during the first quarter. BNP Paribas Arbitrage SA now owns 112,874 shares of the real estate investment trust’s stock worth $5,297,000 after purchasing an additional 13,814 shares during the period. 88.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GLPI has been the topic of a number of research reports. Raymond James increased their target price on shares of Gaming and Leisure Properties from $54.00 to $56.00 and gave the stock a “strong-buy” rating in a report on Friday, July 8th. Morgan Stanley increased their price objective on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, July 20th. StockNews.com cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Monday, August 1st. Truist Financial increased their price objective on shares of Gaming and Leisure Properties from $51.00 to $54.00 and gave the stock a “hold” rating in a report on Wednesday, July 20th. Finally, Mizuho increased their price objective on shares of Gaming and Leisure Properties from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, June 30th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $55.50.

Gaming and Leisure Properties Stock Up 2.1 %

Gaming and Leisure Properties stock opened at $48.69 on Friday. The stock has a market cap of $12.44 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 2.81 and a beta of 1.01. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.91. The company’s 50-day moving average price is $50.30 and its two-hundred day moving average price is $47.29. Gaming and Leisure Properties, Inc. has a 52 week low of $41.81 and a 52 week high of $52.87.

Gaming and Leisure Properties (NASDAQ:GLPIGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.27). Gaming and Leisure Properties had a net margin of 43.54% and a return on equity of 16.30%. The business had revenue of $326.40 million for the quarter, compared to the consensus estimate of $325.40 million. During the same quarter last year, the business posted $0.87 EPS. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts expect that Gaming and Leisure Properties, Inc. will post 3.47 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be given a dividend of $0.705 per share. The ex-dividend date is Thursday, September 15th. This represents a $2.82 annualized dividend and a dividend yield of 5.79%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 127.03%.

Insider Activity

In other news, EVP Brandon John Moore sold 3,000 shares of the firm’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $52.00, for a total transaction of $156,000.00. Following the completion of the transaction, the executive vice president now owns 185,993 shares in the company, valued at approximately $9,671,636. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 4.60% of the company’s stock.

Gaming and Leisure Properties Profile

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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.

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Want to see what other hedge funds are holding GLPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gaming and Leisure Properties, Inc. (NASDAQ:GLPIGet Rating).

Institutional Ownership by Quarter for Gaming and Leisure Properties (NASDAQ:GLPI)

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