International Assets Investment Management LLC Buys New Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

International Assets Investment Management LLC bought a new position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 50,685 shares of the real estate investment trust's stock, valued at approximately $2,501,000.

Several other hedge funds and other institutional investors have also modified their holdings of GLPI. Atlas Capital Advisors LLC boosted its position in Gaming and Leisure Properties by 203.0% during the first quarter. Atlas Capital Advisors LLC now owns 512 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 343 shares during the last quarter. Operose Advisors LLC acquired a new stake in Gaming and Leisure Properties during the third quarter valued at $32,000. Zions Bancorporation N.A. acquired a new stake in Gaming and Leisure Properties during the first quarter valued at $43,000. RVW Wealth LLC acquired a new stake in Gaming and Leisure Properties during the third quarter valued at $47,000. Finally, Armstrong Advisory Group Inc. boosted its position in Gaming and Leisure Properties by 166.2% during the fourth quarter. Armstrong Advisory Group Inc. now owns 1,203 shares of the real estate investment trust's stock valued at $59,000 after purchasing an additional 751 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company's stock.

Gaming and Leisure Properties Stock Performance

GLPI traded up $0.45 on Friday, hitting $42.80. 1,061,347 shares of the stock traded hands, compared to its average volume of 1,423,834. Gaming and Leisure Properties, Inc. has a 52 week low of $41.80 and a 52 week high of $52.45. The company has a current ratio of 7.41, a quick ratio of 7.41 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $11.62 billion, a PE ratio of 15.45, a P/E/G ratio of 5.25 and a beta of 0.94. The business has a fifty day moving average price of $45.03 and a two-hundred day moving average price of $45.96.

Gaming and Leisure Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 7.10%. This is a positive change from Gaming and Leisure Properties's previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Thursday, March 14th. Gaming and Leisure Properties's payout ratio is currently 109.75%.

Analyst Ratings Changes

GLPI has been the topic of several recent research reports. Mizuho cut their target price on Gaming and Leisure Properties from $50.00 to $47.00 and set a "neutral" rating on the stock in a report on Thursday, March 7th. StockNews.com upgraded Gaming and Leisure Properties from a "hold" rating to a "buy" rating in a report on Thursday, February 29th. Morgan Stanley cut their target price on Gaming and Leisure Properties from $55.00 to $53.00 and set an "overweight" rating on the stock in a report on Thursday, March 21st. Royal Bank of Canada cut their target price on Gaming and Leisure Properties from $50.00 to $49.00 and set an "outperform" rating on the stock in a report on Thursday, February 29th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $53.00 price objective on shares of Gaming and Leisure Properties in a research note on Monday, March 4th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, Gaming and Leisure Properties presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.09.

Insider Activity at Gaming and Leisure Properties

In related news, Director E Scott Urdang acquired 2,500 shares of the firm's stock in a transaction on Friday, March 1st. The shares were bought at an average cost of $45.00 per share, with a total value of $112,500.00. Following the completion of the acquisition, the director now owns 156,685 shares of the company's stock, valued at $7,050,825. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.40% of the company's stock.

About Gaming and Leisure Properties

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.