Fiduciary Family Office LLC Makes New $1.45 Million Investment in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Key Points

• Fiduciary Family Office LLC acquired 28,489 shares of Gaming and Leisure Properties, Inc. (GLPI), valued at approximately $1.45 million, according to their recent SEC filing.
• Multiple large investors, including Townsquare Capital LLC and Citigroup Inc., have increased their stakes in GLPI during the first quarter, contributing to a significant institutional ownership of 91.14% of the company's stock.
• Gaming and Leisure Properties recently announced a quarterly dividend of $0.78 per share, representing an annualized yield of 6.8%, an increase from the previous dividend of $0.76.

Fiduciary Family Office LLC bought a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 28,489 shares of the real estate investment trust's stock, valued at approximately $1,450,000.

A number of other hedge funds also recently modified their holdings of GLPI. Toronto Dominion Bank boosted its holdings in Gaming and Leisure Properties by 2.5% in the 4th quarter. Toronto Dominion Bank now owns 36,869 shares of the real estate investment trust's stock worth $1,776,000 after buying an additional 905 shares during the period. Perigon Wealth Management LLC bought a new position in shares of Gaming and Leisure Properties in the 1st quarter worth $217,000. Envestnet Asset Management Inc. grew its holdings in shares of Gaming and Leisure Properties by 2.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 604,875 shares of the real estate investment trust's stock valued at $30,788,000 after purchasing an additional 16,617 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Gaming and Leisure Properties by 49.6% during the 1st quarter. Assetmark Inc. now owns 989 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 328 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Gaming and Leisure Properties by 210.9% during the 1st quarter. Farther Finance Advisors LLC now owns 2,083 shares of the real estate investment trust's stock valued at $106,000 after purchasing an additional 1,413 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company's stock.

Analysts Set New Price Targets

GLPI has been the subject of several research reports. Mizuho decreased their price target on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating for the company in a research note on Monday, June 16th. Barclays boosted their price objective on shares of Gaming and Leisure Properties from $54.00 to $55.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Wells Fargo & Company decreased their price target on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating for the company in a research report on Monday, June 2nd. Stifel Nicolaus downgraded shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 price target on the stock. in a report on Monday, July 21st. Finally, Scotiabank dropped their price target on shares of Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating on the stock in a research note on Monday, May 12th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $53.16.

Insider Activity

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total value of $139,620.00. Following the completion of the transaction, the director directly owned 133,953 shares in the company, valued at $6,234,172.62. This trade represents a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.26% of the stock is owned by company insiders.

Gaming and Leisure Properties Price Performance

NASDAQ:GLPI traded down $0.37 during mid-day trading on Monday, reaching $45.54. 1,385,417 shares of the stock were exchanged, compared to its average volume of 1,801,311. The business has a fifty day moving average price of $46.86 and a 200 day moving average price of $47.97. The firm has a market capitalization of $12.89 billion, a PE ratio of 17.65, a PEG ratio of 9.98 and a beta of 0.71. Gaming and Leisure Properties, Inc. has a 1-year low of $44.48 and a 1-year high of $52.60. The company has a current ratio of 7.39, a quick ratio of 7.39 and a debt-to-equity ratio of 1.41.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.01). Gaming and Leisure Properties had a return on equity of 15.43% and a net margin of 46.32%. The business had revenue of $394.90 million for the quarter, compared to analyst estimates of $397.27 million. During the same quarter in the previous year, the business posted $0.94 earnings per share. The company's revenue was up 3.8% compared to the same quarter last year. Research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 6.9%. This is an increase from Gaming and Leisure Properties's previous quarterly dividend of $0.76. The ex-dividend date was Friday, June 13th. Gaming and Leisure Properties's dividend payout ratio is currently 120.93%.

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.