Wealth Enhancement Advisory Services LLC Purchases 5,440 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Wealth Enhancement Advisory Services LLC boosted its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 44.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,770 shares of the real estate investment trust's stock after buying an additional 5,440 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Gaming and Leisure Properties were worth $904,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of GLPI. Quarry LP increased 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 valued at $47,000 after buying an additional 337 shares during the period. Bessemer Group Inc. grew its position in shares of 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 valued at $49,000 after buying an additional 617 shares during the last quarter. Park Square Financial Group LLC bought a new position in shares of Gaming and Leisure Properties in the fourth quarter valued at approximately $52,000. Parvin Asset Management LLC acquired a new stake in Gaming and Leisure Properties during the fourth quarter valued at approximately $53,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Gaming and Leisure Properties by 210.9% in the 1st quarter. Farther Finance Advisors LLC now owns 2,083 shares of the real estate investment trust's stock valued at $106,000 after acquiring an additional 1,413 shares in the last quarter. Hedge funds and other institutional investors own 91.14% of the company's stock.

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 firm's 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 completion of the transaction, the director owned 136,953 shares in the company, valued at approximately $6,379,270.74. This trade represents a 2.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Mizuho reduced their price objective on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating for the company in a report on Monday, June 16th. Barclays increased their price objective on Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an "equal weight" rating in a report on Tuesday, April 22nd. Wells Fargo & Company lowered their price objective on 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 target 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. Finally, Macquarie reiterated 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 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 currently has a consensus rating of "Moderate Buy" and an average price target of $54.17.

Gaming and Leisure Properties Stock Down 0.0%

Gaming and Leisure Properties stock traded down $0.02 during midday trading on Friday, hitting $48.21. 985,581 shares of the stock were exchanged, compared to its average volume of 1,340,559. Gaming and Leisure Properties, Inc. has a 1 year low of $43.81 and a 1 year high of $52.60. The company has a 50 day moving average price of $46.80 and a two-hundred day moving average price of $48.08. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.12 and a quick ratio of 4.12. The firm has a market cap of $13.25 billion, a P/E ratio of 17.15, a P/E/G ratio of 3.34 and a beta of 0.72.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $396.27 million. Gaming and Leisure Properties had a net margin of 50.41% and a return on equity of 17.02%. Gaming and Leisure Properties's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.92 EPS. On average, sell-side 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 was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued a dividend of $0.78 per share. This is a boost from Gaming and Leisure Properties's previous quarterly dividend of $0.76. The ex-dividend date was Friday, June 13th. This represents a $3.12 annualized dividend and a yield of 6.47%. Gaming and Leisure Properties's dividend payout ratio 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.