Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers grew its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 9.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,800 shares of the real estate investment trust's stock after purchasing an additional 5,383 shares during the quarter. Cetera Investment Advisers' holdings in Gaming and Leisure Properties were worth $2,976,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. US Bancorp DE grew its holdings in Gaming and Leisure Properties by 106.2% during the 4th quarter. US Bancorp DE now owns 44,745 shares of the real estate investment trust's stock valued at $2,155,000 after buying an additional 23,050 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Gaming and Leisure Properties by 11.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 24,560 shares of the real estate investment trust's stock valued at $1,183,000 after buying an additional 2,498 shares in the last quarter. Aew Capital Management L P grew its holdings 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 buying an additional 721,230 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Gaming and Leisure Properties during the 4th quarter valued at approximately $49,188,000. Finally, Proficio Capital Partners LLC purchased a new stake in Gaming and Leisure Properties during the 4th quarter valued at approximately $768,000. Hedge funds and other institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Trading Down 1.0%

GLPI traded down $0.48 during trading on Thursday, reaching $45.90. The company had a trading volume of 231,661 shares, compared to its average volume of 1,294,571. The stock has a market cap of $12.61 billion, a P/E ratio of 16.04, a PEG ratio of 2.01 and a beta of 0.81. The business has a 50 day simple moving average of $48.40 and a 200-day simple moving average of $48.86. 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 quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.96. The company had revenue of $395.24 million during the quarter, compared to the consensus estimate 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 was up 5.1% on a year-over-year basis. During the same period last year, the company earned $0.92 earnings per share. On average, equities analysts anticipate 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. Stockholders of record on Friday, June 13th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 6.80%. This is an increase from Gaming and Leisure Properties's previous quarterly dividend of $0.76. The ex-dividend date is Friday, June 13th. Gaming and Leisure Properties's dividend payout ratio (DPR) is 111.03%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on GLPI shares. Wedbush set a $55.00 price objective on shares of Gaming and Leisure Properties in a report on Monday, April 28th. Royal Bank of Canada lowered 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. Macquarie reissued an "outperform" rating and issued a $60.00 target price on shares of Gaming and Leisure Properties in a report on Friday, April 25th. 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 report on Thursday, April 3rd. Finally, Barclays raised their target price on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an "equal weight" rating in a report on Tuesday, April 22nd. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Gaming and Leisure Properties has an average rating of "Moderate Buy" and a consensus price target of $54.63.

Insider Activity

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 1,138 shares of Gaming and Leisure Properties stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $50.45, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director E Scott Urdang sold 5,000 shares of Gaming and Leisure Properties stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $49.72, for a total value of $248,600.00. Following the completion of the transaction, the director now owns 145,953 shares in the company, valued at $7,256,783.16. This trade represents a 3.31% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,842 shares of company stock worth $1,153,961. Company insiders own 4.26% of the company's stock.

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.