Quadrant Capital Group LLC Purchases 867 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Quadrant Capital Group LLC grew its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 49.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,620 shares of the real estate investment trust’s stock after buying an additional 867 shares during the quarter. Quadrant Capital Group LLC’s holdings in Gaming and Leisure Properties were worth $129,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in GLPI. Jennison Associates LLC grew its stake in Gaming and Leisure Properties by 54.8% during the fourth quarter. Jennison Associates LLC now owns 3,378,874 shares of the real estate investment trust’s stock worth $166,747,000 after buying an additional 1,195,765 shares during the last quarter. Invesco Ltd. grew its stake in Gaming and Leisure Properties by 54.6% during the third quarter. Invesco Ltd. now owns 3,301,293 shares of the real estate investment trust’s stock worth $150,374,000 after buying an additional 1,165,459 shares during the last quarter. Northern Trust Corp grew its stake in Gaming and Leisure Properties by 30.2% during the third quarter. Northern Trust Corp now owns 2,397,529 shares of the real estate investment trust’s stock worth $109,207,000 after buying an additional 555,474 shares during the last quarter. Vanguard Group Inc. grew its stake in Gaming and Leisure Properties by 1.5% during the third quarter. Vanguard Group Inc. now owns 37,572,599 shares of the real estate investment trust’s stock worth $1,711,432,000 after buying an additional 555,332 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its position in shares of Gaming and Leisure Properties by 505.3% during the third quarter. Retirement Systems of Alabama now owns 570,235 shares of the real estate investment trust’s stock worth $25,974,000 after purchasing an additional 476,035 shares in the last quarter. 91.14% of the stock is owned by institutional investors.

Gaming and Leisure Properties Stock Down 1.4 %

Shares of NASDAQ:GLPI opened at $45.67 on Thursday. Gaming and Leisure Properties, Inc. has a 52 week low of $41.80 and a 52 week high of $50.59. The company has a debt-to-equity ratio of 1.49, a quick ratio of 6.47 and a current ratio of 6.47. The company has a market capitalization of $12.40 billion, a PE ratio of 16.85, a PEG ratio of 5.44 and a beta of 0.94. The company has a 50 day moving average price of $44.44 and a two-hundred day moving average price of $45.72.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Friday, April 26th. The real estate investment trust reported $0.64 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.26). Gaming and Leisure Properties had a net margin of 50.05% and a return on equity of 16.79%. The firm had revenue of $376.00 million during the quarter, compared to the consensus estimate of $368.44 million. During the same period in the previous year, the company posted $0.92 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. Analysts forecast that Gaming and Leisure Properties, Inc. will post 3.66 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 6.66%. The ex-dividend date is Friday, June 7th. Gaming and Leisure Properties’s dividend payout ratio is 112.18%.

Insider Transactions at Gaming and Leisure Properties

In related news, Director E Scott Urdang acquired 2,500 shares of the stock in a transaction dated Friday, March 1st. The stock was bought at an average price of $45.00 per share, with a total value of $112,500.00. Following the completion of the transaction, the director now directly owns 156,685 shares of the company’s stock, valued at $7,050,825. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.40% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada reduced their target price on shares of Gaming and Leisure Properties from $49.00 to $47.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Stifel Nicolaus upped their target price on shares of Gaming and Leisure Properties from $50.75 to $51.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Mizuho reduced their target price on shares of Gaming and Leisure Properties from $47.00 to $46.00 and set a “neutral” rating on the stock in a research report on Friday, May 10th. Wedbush reiterated an “outperform” rating and set a $51.00 target price on shares of Gaming and Leisure Properties in a research report on Friday, May 17th. Finally, StockNews.com lowered shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.46.

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.