11,338 Shares in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Bought by Advisor Resource Council

Advisor Resource Council acquired a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 11,338 shares of the real estate investment trust's stock, valued at approximately $569,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP grew its holdings in Gaming and Leisure Properties by 52.5% during the 4th quarter. Quarry LP now owns 979 shares of the real estate investment trust's stock valued at $47,000 after purchasing an additional 337 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Gaming and Leisure Properties by 149.8% during 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 during the last quarter. Grove Bank & Trust purchased a new stake in shares of Gaming and Leisure Properties in the first quarter worth approximately $51,000. Park Square Financial Group LLC purchased a new stake in shares of Gaming and Leisure Properties in the fourth quarter worth approximately $52,000. Finally, Parvin Asset Management LLC bought a new stake in shares of Gaming and Leisure Properties during the 4th quarter worth approximately $53,000. Hedge funds and other institutional investors own 91.14% of the company's stock.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $46.58, for a total transaction of $186,320.00. Following the completion of the transaction, the director now directly owns 136,953 shares of the company's stock, valued at approximately $6,379,270.74. This trade represents a 2.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.26% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GLPI. Royal Bank Of Canada reduced their target price on Gaming and Leisure Properties from $56.00 to $54.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Barclays raised their price target on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 22nd. Mizuho decreased their price objective on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating for the company in a report on Monday, June 16th. Wells Fargo & Company dropped their target price on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Monday, June 2nd. Finally, Macquarie reaffirmed an "outperform" rating and set a $60.00 target price on shares of Gaming and Leisure Properties in a research report on Friday, April 25th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Gaming and Leisure Properties currently has an average rating of "Moderate Buy" and an average target price of $54.17.

Gaming and Leisure Properties Stock Up 0.3%

Shares of GLPI traded up $0.12 during midday trading on Tuesday, hitting $47.33. 1,306,143 shares of the company's stock traded hands, compared to its average volume of 1,325,335. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $13.01 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 3.27 and a beta of 0.72. Gaming and Leisure Properties, Inc. has a 1 year low of $43.44 and a 1 year high of $52.60. The firm's fifty day moving average is $47.09 and its 200-day moving average is $48.21.

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 for the quarter, hitting analysts' consensus estimates of $0.96. The business had revenue of $395.24 million for the quarter, compared to analyst estimates of $396.27 million. Gaming and Leisure Properties had a return on equity of 17.02% and a net margin of 50.41%. The company's revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 earnings per share. As a group, sell-side analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 6.59%. This is an increase from Gaming and Leisure Properties's previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, June 13th. Gaming and Leisure Properties's dividend payout ratio is presently 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.