Susquehanna Fundamental Investments LLC Buys New Shares in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 69,565 shares of the real estate investment trust's stock, valued at approximately $3,350,000.

Several other hedge funds have also modified their holdings of GLPI. Two Sigma Securities LLC acquired a new stake in Gaming and Leisure Properties in the fourth quarter valued at $376,000. Kovitz Investment Group Partners LLC purchased a new stake in Gaming and Leisure Properties during the fourth quarter worth approximately $5,741,000. Voya Investment Management LLC boosted its holdings in Gaming and Leisure Properties by 36.9% in the fourth quarter. Voya Investment Management LLC now owns 263,842 shares of the real estate investment trust's stock valued at $12,707,000 after purchasing an additional 71,111 shares in the last quarter. Orvieto Partners L.P. purchased a new position in Gaming and Leisure Properties in the fourth quarter valued at approximately $2,890,000. Finally, Fuller & Thaler Asset Management Inc. increased its stake in 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 valued at $4,690,000 after purchasing an additional 13,387 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GLPI shares. Macquarie reiterated an "outperform" rating and set a $60.00 price target on shares of Gaming and Leisure Properties in a research note on Friday, April 25th. Barclays boosted their target price 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 raised their price target on 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. Mizuho boosted their price objective on Gaming and Leisure Properties from $51.00 to $53.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Finally, Scotiabank lowered their target price on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating on the stock in a research report on Thursday, January 16th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $54.70.

Gaming and Leisure Properties Stock Performance

NASDAQ:GLPI traded up $0.01 during mid-day trading on Friday, reaching $47.20. The stock had a trading volume of 1,617,798 shares, compared to its average volume of 1,260,710. 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 has a 50 day simple moving average of $49.28 and a 200 day simple moving average of $49.22. Gaming and Leisure Properties, Inc. has a twelve month low of $42.86 and a twelve month high of $52.60. The firm has a market capitalization of $12.97 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 2.01 and a beta of 0.72.

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 EPS for the quarter, meeting analysts' consensus estimates of $0.96. The company had revenue of $395.24 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 earnings per share. On average, analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.04 dividend on an annualized basis and a yield of 6.44%. Gaming and Leisure Properties's payout ratio is 108.19%.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,000 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $50.89, for a total value of $254,450.00. Following the sale, the director now owns 140,953 shares of the company's stock, valued at $7,173,098.17. This represents a 3.43 % 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, SVP Matthew Demchyk sold 3,382 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $50.48, for a total value of $170,723.36. Following the sale, the senior vice president now owns 49,620 shares in the company, valued at approximately $2,504,817.60. This trade represents a 6.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,842 shares of company stock valued at $1,153,961. Insiders own 4.37% of the company's stock.

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.