Yousif Capital Management LLC Cuts Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Yousif Capital Management LLC lessened its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 5.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 99,603 shares of the real estate investment trust's stock after selling 5,670 shares during the quarter. Yousif Capital Management LLC's holdings in Gaming and Leisure Properties were worth $5,070,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. boosted its stake in shares of Gaming and Leisure Properties by 8.0% in the fourth quarter. Stratos Wealth Partners LTD. now owns 12,192 shares of the real estate investment trust's stock valued at $587,000 after buying an additional 904 shares in the last quarter. Kestra Private Wealth Services LLC lifted its holdings in Gaming and Leisure Properties by 35.9% in the fourth quarter. Kestra Private Wealth Services LLC now owns 26,130 shares of the real estate investment trust's stock valued at $1,258,000 after acquiring an additional 6,896 shares during the period. Summit Trail Advisors LLC purchased a new stake in shares of Gaming and Leisure Properties during the 4th quarter worth $234,000. Stonebridge Financial Group LLC acquired a new position in shares of Gaming and Leisure Properties during the 4th quarter worth $31,000. Finally, Van ECK Associates Corp increased its holdings in shares of Gaming and Leisure Properties by 7.9% in the 4th quarter. Van ECK Associates Corp now owns 83,098 shares of the real estate investment trust's stock valued at $4,002,000 after purchasing an additional 6,052 shares in the last quarter. Institutional investors and hedge funds own 91.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GLPI. Scotiabank decreased 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 report on Monday, May 12th. Wedbush set a $55.00 price target on Gaming and Leisure Properties in a research note on Monday, April 28th. Royal Bank of Canada lowered 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 raised their price objective on Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 22nd. Finally, 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. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $54.50.

Gaming and Leisure Properties Price Performance

Gaming and Leisure Properties stock traded down $0.22 during midday trading on Thursday, reaching $47.41. 1,206,252 shares of the company were exchanged, compared to its average volume of 1,326,067. The firm's 50-day simple moving average is $47.22 and its 200-day simple moving average is $48.52. Gaming and Leisure Properties, Inc. has a 1 year low of $43.06 and a 1 year high of $52.60. The company has a market capitalization of $13.03 billion, a price-to-earnings ratio of 16.52, a P/E/G ratio of 2.01 and a beta of 0.72. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.96 earnings per share for the quarter, meeting analysts' consensus estimates of $0.96. The business had revenue of $395.24 million during the quarter, compared to analyst estimates of $396.27 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. The company's revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.92 earnings per share. On average, analysts anticipate 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 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. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.58%. 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 is currently 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.