GAMMA Investing LLC grew its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 6,600.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,348 shares of the real estate investment trust's stock after purchasing an additional 186,522 shares during the quarter. GAMMA Investing LLC owned about 0.07% of Gaming and Leisure Properties worth $9,638,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of GLPI. Stonebridge Financial Group LLC acquired a new stake in shares of Gaming and Leisure Properties during the 4th quarter worth approximately $31,000. 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 in the last quarter. Bessemer Group Inc. grew its stake in shares of Gaming and Leisure Properties by 149.8% in the fourth quarter. Bessemer Group Inc. now owns 1,029 shares of the real estate investment trust's stock worth $49,000 after acquiring an additional 617 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in Gaming and Leisure Properties in the fourth quarter valued at approximately $52,000. Finally, Parvin Asset Management LLC acquired a new position in shares of Gaming and Leisure Properties during the fourth quarter worth $53,000. 91.14% of the stock is owned by hedge funds and other institutional investors.
Gaming and Leisure Properties Trading Down 0.3%
GLPI stock traded down $0.12 during midday trading on Wednesday, hitting $47.63. The stock had a trading volume of 1,185,718 shares, compared to its average volume of 1,325,674. The firm has a market cap of $13.09 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 2.01 and a beta of 0.72. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. Gaming and Leisure Properties, Inc. has a 12-month low of $43.06 and a 12-month high of $52.60. The company's 50-day moving average price is $47.22 and its 200 day moving average price is $48.52.
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 EPS for the quarter, hitting the consensus estimate of $0.96. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. The firm had revenue of $395.24 million during the quarter, compared to analysts' expectations of $396.27 million. During the same period in the previous year, the company earned $0.92 EPS. Gaming and Leisure Properties's revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities research analysts predict 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 announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a dividend of $0.78 per share. This is a positive change from Gaming and Leisure Properties's previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, June 13th. This represents a $3.12 annualized dividend and a dividend yield of 6.55%. Gaming and Leisure Properties's payout ratio is presently 111.03%.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the stock. Wells Fargo & Company lowered their target price 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 note on Monday, June 2nd. Wedbush set a $55.00 target price on shares of Gaming and Leisure Properties in a research note on Monday, April 28th. Barclays increased 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 report on Tuesday, April 22nd. Scotiabank decreased their target price 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 report on Monday, May 12th. Finally, Mizuho raised their price objective on Gaming and Leisure Properties from $51.00 to $53.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Gaming and Leisure Properties has a consensus rating of "Moderate Buy" and a consensus target price of $54.50.
Read Our Latest Research Report on Gaming and Leisure Properties
Gaming and Leisure Properties Company Profile
(
Free Report)
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.
Further Reading
Before you consider Gaming and Leisure Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gaming and Leisure Properties wasn't on the list.
While Gaming and Leisure Properties currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
