7,559 Shares in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Purchased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC acquired a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,559 shares of the real estate investment trust's stock, valued at approximately $385,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management acquired a new position in Gaming and Leisure Properties during the first quarter valued at approximately $26,000. Private Trust Co. NA acquired a new stake in shares of Gaming and Leisure Properties in the first quarter worth $28,000. TD Private Client Wealth LLC grew its stake in shares of Gaming and Leisure Properties by 64.2% in the first quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 213 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Gaming and Leisure Properties in the first quarter worth $33,000. Finally, Quarry LP grew its stake in shares of 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 worth $47,000 after acquiring an additional 337 shares during the last quarter. Institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI traded up $0.29 during midday trading on Wednesday, reaching $47.60. 1,106,746 shares of the company traded hands, compared to its average volume of 1,346,966. The firm has a market cap of $13.08 billion, a PE ratio of 16.94, a PEG ratio of 3.33 and a beta of 0.72. The stock's 50-day simple moving average is $46.86 and its 200-day simple moving average is $48.10. Gaming and Leisure Properties, Inc. has a 12 month low of $44.48 and a 12 month high of $52.60. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.12 and a current ratio of 4.12.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.96 earnings per share (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 17.02% and a net margin of 50.41%. The business's revenue was up 5.1% on a year-over-year basis. During the same period last year, the business earned $0.92 earnings per share. As a group, equities analysts anticipate 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. Investors of record on Friday, June 13th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.55%. This is a boost 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 payout ratio is currently 111.03%.

Wall Street Analyst Weigh In

GLPI has been the topic of several research analyst reports. Macquarie restated an "outperform" rating and issued a $60.00 price objective on shares of Gaming and Leisure Properties in a research note on Friday, April 25th. Mizuho lowered their price objective on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating on the stock in a research note on Monday, June 16th. Wedbush set a $55.00 price objective on shares of Gaming and Leisure Properties in a research note on Monday, April 28th. Royal Bank Of Canada lowered 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 note on Monday, April 28th. Finally, Scotiabank lowered their price objective 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. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Gaming and Leisure Properties has a consensus rating of "Moderate Buy" and a consensus target price of $54.17.

Insider Activity

In related news, Director E Scott Urdang sold 4,000 shares of Gaming and Leisure Properties stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $46.58, for a total value of $186,320.00. Following the completion of the sale, the director directly owned 136,953 shares in the company, valued at $6,379,270.74. This trade represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.26% of the stock is owned by corporate insiders.

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.