Captrust Financial Advisors Trims Stock Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Captrust Financial Advisors trimmed its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 30.7% in the fourth quarter, according to its most recent filing with the SEC. 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 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dodge & Cox increased its stake in shares of Gaming and Leisure Properties by 75.3% in the 4th quarter. Dodge & Cox now owns 13,498,634 shares of the real estate investment trust's stock valued at $650,094,000 after acquiring an additional 5,797,299 shares in the last quarter. Norges Bank acquired a new stake in shares of Gaming and Leisure Properties in the 4th quarter worth about $176,123,000. Raymond James Financial Inc. bought a new position in Gaming and Leisure Properties in the 4th quarter valued at about $49,188,000. Northern Trust Corp boosted its stake in Gaming and Leisure Properties by 48.2% during the 4th quarter. Northern Trust Corp now owns 2,873,006 shares of the real estate investment trust's stock valued at $138,364,000 after purchasing an additional 933,842 shares during the last quarter. Finally, Aew Capital Management L P boosted its stake in Gaming and Leisure Properties by 1,786.5% during the 4th quarter. Aew Capital Management L P now owns 761,600 shares of the real estate investment trust's stock valued at $36,679,000 after purchasing an additional 721,230 shares during the last quarter. Institutional investors own 91.14% of the company's stock.

Insider Activity at Gaming and Leisure Properties

In related news, SVP Matthew Demchyk sold 1,903 shares of Gaming and Leisure Properties stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $51.99, for a total transaction of $98,936.97. Following the completion of the sale, the senior vice president now owns 41,298 shares in the company, valued at $2,147,083.02. This trade represents a 4.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director E Scott Urdang sold 5,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $50.89, for a total value of $254,450.00. Following the transaction, the director now owns 140,953 shares in the company, valued at approximately $7,173,098.17. This represents a 3.43% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,842 shares of company stock valued at $1,153,961. 4.26% of the stock is owned by corporate insiders.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ GLPI traded down $1.00 during midday trading on Wednesday, hitting $46.30. 1,195,645 shares of the stock traded hands, compared to its average volume of 1,370,707. The firm has a market capitalization of $12.73 billion, a P/E ratio of 16.13, a PEG ratio of 2.01 and a beta of 0.81. Gaming and Leisure Properties, Inc. has a one year low of $42.86 and a one year 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 has a 50-day moving average of $48.46 and a two-hundred day moving average of $48.88.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.96 EPS for the quarter, meeting analysts' consensus estimates of $0.96. The company had revenue of $395.24 million during the quarter, compared to analysts' expectations of $396.27 million. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. Gaming and Leisure Properties's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.92 earnings per share. On average, 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 business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a $0.78 dividend. This is an increase from Gaming and Leisure Properties's previous quarterly dividend of $0.76. This represents a $3.12 dividend on an annualized basis and a yield of 6.74%. The ex-dividend date of this dividend is Friday, June 13th. Gaming and Leisure Properties's payout ratio is currently 111.03%.

Wall Street Analysts Forecast Growth

GLPI has been the subject of several recent research reports. Barclays upped their price target on Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 22nd. Scotiabank cut their price target on shares of Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating for the company in a report on Monday, May 12th. Mizuho raised their target price on shares of Gaming and Leisure Properties from $51.00 to $53.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Wells Fargo & Company upped their price target on shares of Gaming and Leisure Properties from $50.00 to $51.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. Finally, Royal Bank of Canada decreased their price objective on shares of Gaming and Leisure Properties from $56.00 to $54.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $54.63.

Gaming and Leisure Properties Company 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.