Focus Partners Wealth Has $1.51 Million Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Focus Partners Wealth increased its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 549.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,381 shares of the real estate investment trust's stock after buying an additional 26,552 shares during the quarter. Focus Partners Wealth's holdings in Gaming and Leisure Properties were worth $1,511,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. US Bancorp DE increased 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 during the last quarter. Envestnet Portfolio Solutions Inc. increased its position 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 worth $1,183,000 after buying an additional 2,498 shares during the last quarter. Aew Capital Management L P increased its position 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 worth $36,679,000 after buying an additional 721,230 shares during the last quarter. Raymond James Financial Inc. bought a new position in Gaming and Leisure Properties during the fourth quarter valued at about $49,188,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Gaming and Leisure Properties in the fourth quarter worth about $768,000. Institutional investors and hedge funds own 91.14% of the company's stock.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI traded down $0.21 during midday trading on Tuesday, reaching $47.30. The company's stock had a trading volume of 1,106,322 shares, compared to its average volume of 1,293,062. The company has a market cap of $13.00 billion, a P/E ratio of 16.48, a P/E/G ratio of 2.01 and a beta of 0.81. Gaming and Leisure Properties, Inc. has a fifty-two week low of $42.86 and a fifty-two week high of $52.60. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. The business's 50 day moving average price is $48.51 and its two-hundred day moving average price is $48.89.

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, 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 return on equity of 17.41% and a net margin of 51.65%. Gaming and Leisure Properties's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 EPS. On average, analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a $0.78 dividend. The ex-dividend date of this dividend is Friday, June 13th. This is a boost from Gaming and Leisure Properties's previous quarterly dividend of $0.76. This represents a $3.12 annualized dividend and a dividend yield of 6.60%. Gaming and Leisure Properties's payout ratio is presently 108.19%.

Insider Transactions at Gaming and Leisure Properties

In other news, SVP Matthew Demchyk sold 6,419 shares of Gaming and Leisure Properties stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $50.45, for a total transaction of $323,838.55. Following the transaction, the senior vice president now owns 43,201 shares in the company, valued at approximately $2,179,490.45. The trade was a 12.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director E Scott Urdang sold 5,000 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $49.72, for a total transaction of $248,600.00. Following the completion of the sale, the director now directly owns 145,953 shares in the company, valued at approximately $7,256,783.16. This represents a 3.31% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,842 shares of company stock valued at $1,153,961. Company insiders own 4.26% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on GLPI shares. Scotiabank cut their price target on Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating for the company in a report on Monday, May 12th. Barclays boosted their price target on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 22nd. Wells Fargo & Company upped their price objective on shares of Gaming and Leisure Properties from $50.00 to $51.00 and gave the stock an "equal weight" rating in a research note on Monday, March 10th. Wedbush set a $55.00 price target on Gaming and Leisure Properties in a research report on Monday, April 28th. Finally, Royal Bank of Canada dropped their price target on Gaming and Leisure Properties from $56.00 to $54.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $54.63.

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.