60,000 Shares in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Bought by Orvieto Partners L.P.

Orvieto Partners L.P. bought a new position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 60,000 shares of the real estate investment trust's stock, valued at approximately $2,890,000. Gaming and Leisure Properties accounts for approximately 2.4% of Orvieto Partners L.P.'s holdings, making the stock its 18th biggest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in GLPI. Fuller & Thaler Asset Management Inc. lifted its position in shares of Gaming and Leisure Properties by 15.9% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 97,385 shares of the real estate investment trust's stock worth $4,690,000 after purchasing an additional 13,387 shares in the last quarter. Hsbc Holdings PLC raised its position in Gaming and Leisure Properties by 41.5% during the fourth quarter. Hsbc Holdings PLC now owns 800,089 shares of the real estate investment trust's stock valued at $38,452,000 after acquiring an additional 234,473 shares in the last quarter. Stifel Financial Corp raised its position in Gaming and Leisure Properties by 6.5% during the fourth quarter. Stifel Financial Corp now owns 172,808 shares of the real estate investment trust's stock valued at $8,322,000 after acquiring an additional 10,494 shares in the last quarter. TD Waterhouse Canada Inc. bought a new position in Gaming and Leisure Properties during the fourth quarter valued at approximately $193,000. Finally, Tower Research Capital LLC TRC raised its position in Gaming and Leisure Properties by 21.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 14,572 shares of the real estate investment trust's stock valued at $702,000 after acquiring an additional 2,611 shares in the last quarter. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 1,903 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $51.99, for a total value of $98,936.97. Following the sale, the senior vice president now directly owns 41,298 shares in the company, valued at approximately $2,147,083.02. This trade represents a 4.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director E Scott Urdang sold 5,000 shares of the firm'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 sale, the director now owns 145,953 shares in the company, valued at approximately $7,256,783.16. The trade was a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,842 shares of company stock valued at $1,153,961. 4.37% of the stock is currently owned by insiders.

Gaming and Leisure Properties Price Performance

Gaming and Leisure Properties stock traded up $0.45 during trading hours on Tuesday, hitting $48.21. 483,084 shares of the stock were exchanged, compared to its average volume of 1,257,673. 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 stock has a market capitalization of $13.25 billion, a P/E ratio of 16.78, a P/E/G ratio of 2.01 and a beta of 0.72. Gaming and Leisure Properties, Inc. has a 12 month low of $42.62 and a 12 month high of $52.60. The business's 50-day moving average is $49.40 and its two-hundred day moving average is $49.29.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.96 EPS for the quarter, meeting the consensus estimate of $0.96. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. The business had revenue of $395.24 million for the quarter, compared to analysts' expectations of $396.27 million. During the same period in the prior year, the firm earned $0.92 earnings per share. Gaming and Leisure Properties's revenue was up 5.1% compared to the same quarter last year. Equities research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.76 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.04 dividend on an annualized basis and a yield of 6.31%. Gaming and Leisure Properties's payout ratio is presently 108.19%.

Analyst Ratings Changes

Several brokerages recently weighed in on GLPI. Macquarie reaffirmed an "outperform" rating and set a $60.00 price objective on shares of Gaming and Leisure Properties in a research report on Friday. Wedbush set a $55.00 price target on shares of Gaming and Leisure Properties in a research report on Monday. Royal Bank of Canada dropped their price target on shares of Gaming and Leisure Properties from $56.00 to $54.00 and set an "outperform" rating on the stock in a research report on Monday. Barclays lifted 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. Finally, Morgan Stanley lowered shares of Gaming and Leisure Properties from an "overweight" rating to an "equal weight" rating and set a $53.00 price target on the stock. in a research report on Wednesday, January 15th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.70.

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.