Vanderbilt University Has $1.60 Million Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Vanderbilt University increased its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 22.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,392 shares of the real estate investment trust's stock after acquiring an additional 5,738 shares during the period. Vanderbilt University's holdings in Gaming and Leisure Properties were worth $1,598,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GLPI. US Bancorp DE raised its stake in shares of Gaming and Leisure Properties by 106.2% during the 4th quarter. US Bancorp DE now owns 44,745 shares of the real estate investment trust's stock worth $2,155,000 after purchasing an additional 23,050 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Gaming and Leisure Properties by 11.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 24,560 shares of the real estate investment trust's stock worth $1,183,000 after purchasing an additional 2,498 shares in the last quarter. Aew Capital Management L P raised its stake in shares of Gaming and Leisure Properties by 1,786.5% during the 4th quarter. Aew Capital Management L P now owns 761,600 shares of the real estate investment trust's stock worth $36,679,000 after purchasing an additional 721,230 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Gaming and Leisure Properties by 2.5% during the 4th quarter. Toronto Dominion Bank now owns 36,869 shares of the real estate investment trust's stock worth $1,776,000 after purchasing an additional 905 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Gaming and Leisure Properties during the 4th quarter worth about $49,188,000. 91.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Gaming and Leisure Properties

In other 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 stock was sold at an average price of $46.58, for a total transaction of $186,320.00. Following the sale, the director now owns 136,953 shares of the company's stock, valued at approximately $6,379,270.74. This trade represents a 2.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.26% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GLPI. Wells Fargo & Company cut their price target on 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. Royal Bank Of Canada cut their price objective on Gaming and Leisure Properties from $56.00 to $54.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Scotiabank cut 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 research note on Monday, May 12th. Mizuho cut their price objective on Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating on the stock in a research note on Monday, June 16th. Finally, Macquarie reissued an "outperform" rating and issued 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 MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $54.17.

Gaming and Leisure Properties Stock Performance

GLPI traded up $0.53 during midday trading on Monday, reaching $47.21. The company's stock had a trading volume of 1,159,130 shares, compared to its average volume of 1,326,270. The stock has a market cap of $12.97 billion, a P/E ratio of 16.80, a PEG ratio of 3.23 and a beta of 0.72. The company has a fifty day simple moving average of $47.12 and a 200 day simple moving average of $48.21. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 1.51. Gaming and Leisure Properties, Inc. has a twelve month low of $43.44 and a twelve month 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 firm had revenue of $395.24 million for 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 company's revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 EPS. Research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 6.61%. The ex-dividend date of this dividend is 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 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.