7,595 Shares in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Purchased by Colonial River Investments LLC

Colonial River Investments LLC acquired a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,595 shares of the real estate investment trust's stock, valued at approximately $387,000.

A number of other institutional investors have also modified their holdings of GLPI. Dodge & Cox boosted its holdings in 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 worth $650,094,000 after acquiring an additional 5,797,299 shares during the period. Franklin Resources Inc. grew its holdings in Gaming and Leisure Properties by 4.7% during the 4th quarter. Franklin Resources Inc. now owns 12,830,944 shares of the real estate investment trust's stock valued at $617,938,000 after purchasing an additional 571,720 shares in the last quarter. Geode Capital Management LLC increased its stake in Gaming and Leisure Properties by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 6,245,884 shares of the real estate investment trust's stock worth $300,395,000 after buying an additional 165,024 shares during the period. Norges Bank acquired a new position in Gaming and Leisure Properties in the 4th quarter worth $176,123,000. Finally, Bank of New York Mellon Corp boosted its position in Gaming and Leisure Properties by 15.2% in the 4th quarter. Bank of New York Mellon Corp now owns 2,981,567 shares of the real estate investment trust's stock valued at $143,592,000 after buying an additional 394,069 shares during the last quarter. Hedge funds and other institutional investors own 91.14% of the company's stock.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $46.58, for a total transaction of $186,320.00. Following the sale, the director directly owned 136,953 shares of the company's stock, valued at approximately $6,379,270.74. This represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.26% of the company's stock.

Wall Street Analyst Weigh In

GLPI has been the topic of a number of analyst reports. Mizuho dropped their target price on Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating on the stock in a research report on Monday, June 16th. Scotiabank dropped their price objective on Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating on the stock in a report on Monday, May 12th. Wedbush set a $55.00 target price on Gaming and Leisure Properties in a research note on Monday, April 28th. Macquarie reissued an "outperform" rating and set a $60.00 price target on shares of Gaming and Leisure Properties in a research report on Friday, April 25th. Finally, Royal Bank Of Canada cut their price target on shares of Gaming and Leisure Properties from $56.00 to $54.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.17.

Gaming and Leisure Properties Stock Up 1.7%

Shares of Gaming and Leisure Properties stock traded up $0.79 during trading on Wednesday, hitting $48.22. 2,156,997 shares of the stock traded hands, compared to its average volume of 1,338,136. The company has a fifty day moving average price of $46.84 and a two-hundred day moving average price of $48.10. Gaming and Leisure Properties, Inc. has a twelve month low of $43.81 and a twelve month high of $52.60. The stock has a market cap of $13.25 billion, a P/E ratio of 17.16, a PEG ratio of 3.23 and a beta of 0.72. 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 results on Thursday, April 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.96. The company had revenue of $395.24 million for the quarter, compared to the consensus estimate of $396.27 million. Gaming and Leisure Properties had a return on equity of 17.02% and a net margin of 50.41%. The firm's revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business posted $0.92 earnings per share. Equities research analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, June 13th. This is a boost from Gaming and Leisure Properties's previous quarterly dividend of $0.76. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.47%. Gaming and Leisure Properties's dividend payout ratio (DPR) is presently 111.03%.

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.