Fairtree Asset Management Pty Ltd Makes New $381,000 Investment in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Fairtree Asset Management Pty Ltd purchased a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,904 shares of the real estate investment trust's stock, valued at approximately $381,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in GLPI. Stonebridge Financial Group LLC acquired a new stake in shares of Gaming and Leisure Properties in the 4th quarter valued at $31,000. Quarry LP increased its stake in shares of Gaming and Leisure Properties by 52.5% in the 4th quarter. Quarry LP now owns 979 shares of the real estate investment trust's stock valued at $47,000 after buying an additional 337 shares during the period. Bessemer Group Inc. increased its stake in shares of Gaming and Leisure Properties by 149.8% in the 4th 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 period. Park Square Financial Group LLC acquired a new stake in shares of Gaming and Leisure Properties in the 4th quarter valued at $52,000. Finally, Parvin Asset Management LLC acquired a new stake in shares of Gaming and Leisure Properties in the 4th quarter valued at $53,000. 91.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on GLPI shares. Wedbush set a $55.00 target price on Gaming and Leisure Properties in a research note on Monday, April 28th. Royal Bank of Canada decreased their price objective on Gaming and Leisure Properties from $56.00 to $54.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Mizuho lifted their price objective on Gaming and Leisure Properties from $51.00 to $53.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Wells Fargo & Company lifted their price objective on Gaming and Leisure Properties from $50.00 to $51.00 and gave the stock an "equal weight" rating in a research note on Monday, March 10th. Finally, Macquarie reaffirmed an "outperform" rating and set a $60.00 price objective on shares of Gaming and Leisure Properties in a research note on Friday, April 25th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Gaming and Leisure Properties has an average rating of "Moderate Buy" and a consensus price target of $54.63.

Gaming and Leisure Properties Stock Up 0.5%

Shares of NASDAQ:GLPI traded up $0.22 during midday trading on Friday, reaching $46.42. The company had a trading volume of 3,803,580 shares, compared to its average volume of 1,321,612. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. The business's 50 day moving average price is $47.86 and its 200 day moving average price is $48.71. The stock has a market cap of $12.76 billion, a PE ratio of 16.17, a P/E/G ratio of 2.01 and a beta of 0.81. Gaming and Leisure Properties, Inc. has a 1-year low of $42.86 and a 1-year high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its earnings results 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 business 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 17.41% and a net margin of 51.65%. Gaming and Leisure Properties's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 earnings per share. Research analysts forecast 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 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. The ex-dividend date of this dividend is Friday, June 13th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.72%. This is an increase from Gaming and Leisure Properties's previous quarterly dividend of $0.76. Gaming and Leisure Properties's payout ratio is currently 111.03%.

Insider Activity at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 5,000 shares of Gaming and Leisure Properties stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $50.89, for a total value of $254,450.00. Following the sale, the director now owns 140,953 shares of the company's stock, valued at approximately $7,173,098.17. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matthew Demchyk sold 6,419 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $50.45, for a total value of $323,838.55. Following the transaction, the senior vice president now directly owns 43,201 shares in the company, valued at approximately $2,179,490.45. This trade represents a 12.94% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,704 shares of company stock valued at $847,949. 4.26% of the stock is owned by insiders.

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.