Victory Capital Management Inc. Grows Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Victory Capital Management Inc. boosted its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 1.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 811,303 shares of the real estate investment trust's stock after buying an additional 8,516 shares during the period. Victory Capital Management Inc. owned approximately 0.30% of Gaming and Leisure Properties worth $41,295,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Alpine Bank Wealth Management acquired a new stake in shares of Gaming and Leisure Properties during the first quarter worth $26,000. TD Private Client Wealth LLC boosted its holdings in shares of Gaming and Leisure Properties by 64.2% during the 1st quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust's stock worth $28,000 after buying an additional 213 shares during the period. Private Trust Co. NA acquired a new stake in Gaming and Leisure Properties in the 1st quarter worth about $28,000. Wayfinding Financial LLC acquired a new stake in Gaming and Leisure Properties in the 1st quarter worth about $33,000. Finally, Quarry LP raised its stake in 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 worth $47,000 after purchasing an additional 337 shares in the last quarter. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Gaming and Leisure Properties Stock Performance

Gaming and Leisure Properties stock traded up $0.25 during midday trading on Friday, hitting $47.70. The stock had a trading volume of 1,346,244 shares, compared to its average volume of 1,329,312. The firm's fifty day moving average is $46.92 and its two-hundred day moving average is $48.09. The company has a market capitalization of $13.11 billion, a PE ratio of 16.98, a P/E/G ratio of 10.39 and a beta of 0.72. Gaming and Leisure Properties, Inc. has a 52-week low of $44.48 and a 52-week high of $52.60. 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 (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings data 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. Gaming and Leisure Properties had a net margin of 50.41% and a return on equity of 17.02%. The business had revenue of $395.24 million during the quarter, compared to analyst estimates of $396.27 million. During the same period last year, the firm posted $0.92 EPS. The company's revenue was up 5.1% on a year-over-year basis. On average, research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a dividend of $0.78 per share. This is an increase from Gaming and Leisure Properties's previous quarterly dividend of $0.76. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.54%. The ex-dividend date of this dividend was Friday, June 13th. Gaming and Leisure Properties's dividend payout ratio is currently 111.03%.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 4,000 shares of the 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 directly owned 136,953 shares in the company, valued at approximately $6,379,270.74. This represents a 2.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.26% of the company's stock.

Analysts Set New Price Targets

GLPI has been the topic of a number of research reports. Barclays boosted their target price 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. Macquarie reiterated an "outperform" rating and set a $60.00 target price on shares of Gaming and Leisure Properties in a research report on Friday, April 25th. Wedbush set a $55.00 target price on shares of Gaming and Leisure Properties in a research report on Monday, April 28th. Mizuho dropped their target price 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. Finally, Scotiabank dropped 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. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $53.68.

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.