Lecap Asset Management Ltd. Increases Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Lecap Asset Management Ltd. increased its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 35.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,454 shares of the real estate investment trust's stock after purchasing an additional 9,349 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Gaming and Leisure Properties were worth $1,805,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. US Bancorp DE raised its holdings in Gaming and Leisure Properties by 106.2% during the fourth quarter. US Bancorp DE now owns 44,745 shares of the real estate investment trust's stock valued at $2,155,000 after acquiring an additional 23,050 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in Gaming and Leisure Properties by 11.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 24,560 shares of the real estate investment trust's stock valued at $1,183,000 after acquiring an additional 2,498 shares during the period. Aew Capital Management L P raised its holdings in Gaming and Leisure Properties by 1,786.5% during the fourth quarter. Aew Capital Management L P now owns 761,600 shares of the real estate investment trust's stock valued at $36,679,000 after acquiring an additional 721,230 shares during the period. Toronto Dominion Bank raised its holdings in Gaming and Leisure Properties by 2.5% during the fourth quarter. Toronto Dominion Bank now owns 36,869 shares of the real estate investment trust's stock valued at $1,776,000 after acquiring an additional 905 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Gaming and Leisure Properties during the fourth quarter valued at about $49,188,000. 91.14% of the stock is owned by institutional investors.

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 the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $46.58, for a total transaction of $186,320.00. Following the completion of the transaction, the director now owns 136,953 shares in the company, valued at $6,379,270.74. The trade was a 2.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.26% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on GLPI. Wells Fargo & Company decreased their price target on Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating on the stock in a report on Monday, June 2nd. Royal Bank Of Canada decreased their price target on 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. Barclays lifted their target price 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. Scotiabank reduced their target price 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. Finally, Macquarie reaffirmed an "outperform" rating and issued a $60.00 target price on shares of Gaming and Leisure Properties in a report on Friday, April 25th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $54.17.

Gaming and Leisure Properties Trading Down 0.2%

GLPI traded down $0.07 on Friday, hitting $46.38. The company had a trading volume of 1,649,514 shares, compared to its average volume of 1,332,426. The company has a market cap of $12.75 billion, a PE ratio of 16.51, a PEG ratio of 3.22 and a beta of 0.72. Gaming and Leisure Properties, Inc. has a 12-month low of $43.81 and a 12-month high of $52.60. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 1.51. The business's fifty day simple moving average is $46.92 and its 200 day simple moving average is $48.15.

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 EPS for the quarter, hitting the consensus estimate of $0.96. The company had revenue of $395.24 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $0.92 earnings per share. Equities research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 6.73%. The ex-dividend date of this dividend was Friday, June 13th. This is a positive change from Gaming and Leisure Properties's previous quarterly dividend of $0.76. Gaming and Leisure Properties's payout ratio is 111.03%.

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.