Captrust Financial Advisors Sells 8,101 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Captrust Financial Advisors lessened its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 30.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,247 shares of the real estate investment trust's stock after selling 8,101 shares during the period. Captrust Financial Advisors' holdings in Gaming and Leisure Properties were worth $879,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Stonebridge Financial Group LLC acquired a new stake in shares of Gaming and Leisure Properties in the 4th quarter valued at approximately $31,000. CKW Financial Group lifted its stake in Gaming and Leisure Properties by 75.0% in the 4th quarter. CKW Financial Group now owns 700 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 300 shares during the last quarter. Quarry LP boosted its position in Gaming and Leisure Properties by 52.5% in the fourth quarter. Quarry LP now owns 979 shares of the real estate investment trust's stock valued at $47,000 after buying an additional 337 shares in the last quarter. Bessemer Group Inc. boosted its position in Gaming and Leisure Properties by 149.8% in the fourth quarter. Bessemer Group Inc. now owns 1,029 shares of the real estate investment trust's stock valued at $49,000 after buying an additional 617 shares in the last quarter. Finally, Parvin Asset Management LLC bought a new stake in shares of Gaming and Leisure Properties during the fourth quarter worth $53,000. Institutional investors and hedge funds own 91.14% of the company's stock.

Insider Buying and Selling

In other news, Director E Scott Urdang sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $50.89, for a total transaction of $254,450.00. Following the completion of the sale, the director now owns 140,953 shares of the company's stock, valued at $7,173,098.17. This trade represents a 3.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Matthew Demchyk sold 1,138 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $50.45, for a total transaction of $57,412.10. Following the transaction, the senior vice president now owns 53,002 shares in the company, valued at $2,673,950.90. The trade was a 2.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,842 shares of company stock valued at $1,153,961 over the last 90 days. Company insiders own 4.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GLPI. Wells Fargo & Company increased their price target on Gaming and Leisure Properties from $50.00 to $51.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Royal Bank of Canada dropped their target price on Gaming and Leisure Properties from $56.00 to $54.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Barclays lifted their price target on Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 22nd. Wedbush set a $55.00 price objective on Gaming and Leisure Properties in a research note on Monday, April 28th. Finally, Mizuho lifted their target price on shares of Gaming and Leisure Properties from $51.00 to $53.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $54.63.

Gaming and Leisure Properties Trading Down 1.0%

Shares of NASDAQ:GLPI traded down $0.45 during trading on Thursday, reaching $45.93. The stock had a trading volume of 150,284 shares, compared to its average volume of 1,294,232. Gaming and Leisure Properties, Inc. has a 52 week low of $42.86 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. The firm's fifty day moving average is $48.40 and its 200 day moving average is $48.86. The stock has a market cap of $12.62 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 2.01 and a beta of 0.81.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its earnings results on Thursday, April 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.96. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. The business had revenue of $395.24 million for the quarter, compared to analyst estimates of $396.27 million. During the same quarter in the previous year, the business earned $0.92 earnings per share. Gaming and Leisure Properties's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, June 13th. This represents a $3.12 annualized dividend and a yield of 6.79%. This is a boost from Gaming and Leisure Properties's previous quarterly dividend of $0.76. Gaming and Leisure Properties's dividend payout ratio (DPR) is currently 111.03%.

Gaming and Leisure Properties Profile

Gaming & Leisure Properties, Inc engages in the provision of 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.