Janney Montgomery Scott LLC Sells 9,237 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Janney Montgomery Scott LLC trimmed its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 2.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 339,358 shares of the real estate investment trust's stock after selling 9,237 shares during the period. Janney Montgomery Scott LLC owned about 0.12% of Gaming and Leisure Properties worth $17,273,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GLPI. 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 worth $47,000 after acquiring an additional 337 shares during the period. Bessemer Group Inc. grew its holdings in Gaming and Leisure Properties by 149.8% during the 4th 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 during the period. Park Square Financial Group LLC acquired a new stake in Gaming and Leisure Properties during the 4th quarter worth about $52,000. Parvin Asset Management LLC acquired a new stake in Gaming and Leisure Properties during the 4th quarter worth about $53,000. Finally, Venturi Wealth Management LLC grew its holdings in Gaming and Leisure Properties by 59.7% during the 4th quarter. Venturi Wealth Management LLC now owns 1,730 shares of the real estate investment trust's stock worth $83,000 after acquiring an additional 647 shares during the period. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of Gaming and Leisure Properties 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 transaction, the director now owns 136,953 shares of the company's stock, valued at $6,379,270.74. This trade represents a 2.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.26% of the company's stock.

Gaming and Leisure Properties Stock Up 0.6%

GLPI stock traded up $0.29 during mid-day trading on Friday, reaching $46.68. 2,163,591 shares of the company traded hands, compared to its average volume of 1,326,942. The stock has a market cap of $12.83 billion, a price-to-earnings ratio of 16.61, a P/E/G ratio of 3.23 and a beta of 0.72. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 1.51. Gaming and Leisure Properties, Inc. has a fifty-two week low of $43.44 and a fifty-two week high of $52.60. The firm's 50 day moving average price is $47.15 and its 200 day moving average price is $48.26.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its quarterly 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 during 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 company'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 EPS. As a group, 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 declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, June 13th. This represents a $3.12 dividend on an annualized basis and a yield of 6.68%. This is an increase from Gaming and Leisure Properties's previous quarterly dividend of $0.76. Gaming and Leisure Properties's payout ratio is 111.03%.

Analyst Ratings Changes

A number of brokerages have weighed in on GLPI. Barclays increased their price target on 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. Wells Fargo & Company cut their price objective 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 report on Monday, June 2nd. Scotiabank cut 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 report on Monday, May 12th. Macquarie reissued an "outperform" rating and set a $60.00 price objective on shares of Gaming and Leisure Properties in a research report on Friday, April 25th. Finally, Mizuho cut 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 report on Monday, June 16th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $54.17.

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.