Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Acquired by Creative Planning

Creative Planning lifted its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 13.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,896 shares of the real estate investment trust’s stock after acquiring an additional 1,544 shares during the quarter. Creative Planning’s holdings in Gaming and Leisure Properties were worth $583,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Duff & Phelps Investment Management Co. raised its stake in shares of Gaming and Leisure Properties by 1.8% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 462,800 shares of the real estate investment trust’s stock valued at $20,923,000 after buying an additional 8,000 shares during the last quarter. MBB Public Markets I LLC purchased a new position in Gaming and Leisure Properties during the second quarter valued at approximately $829,000. Dark Forest Capital Management LP lifted its holdings in Gaming and Leisure Properties by 6.3% in the second quarter. Dark Forest Capital Management LP now owns 7,899 shares of the real estate investment trust’s stock valued at $357,000 after acquiring an additional 465 shares during the period. DigitalBridge Group Inc. purchased a new stake in Gaming and Leisure Properties in the 2nd quarter worth approximately $16,936,000. Finally, APG Asset Management N.V. grew its stake in shares of Gaming and Leisure Properties by 348.6% during the 2nd quarter. APG Asset Management N.V. now owns 31,142 shares of the real estate investment trust’s stock worth $1,314,000 after purchasing an additional 24,200 shares during the period. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GLPI shares. Wolfe Research upgraded shares of Gaming and Leisure Properties from a “peer perform” rating to an “outperform” rating and set a $57.00 target price for the company in a research note on Friday, August 23rd. Stifel Nicolaus increased their target price on shares of Gaming and Leisure Properties from $52.00 to $52.50 and gave the stock a “buy” rating in a research note on Friday, July 26th. Scotiabank lifted their price target on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 16th. Raymond James increased their price target on Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $52.00 price objective (up from $51.00) on shares of Gaming and Leisure Properties in a research report on Tuesday, October 1st. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $52.18.

Gaming and Leisure Properties Price Performance

Gaming and Leisure Properties stock opened at $50.78 on Monday. The company has a fifty day simple moving average of $50.74 and a 200-day simple moving average of $47.10. The firm has a market capitalization of $13.79 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 5.34 and a beta of 0.99. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.49. Gaming and Leisure Properties, Inc. has a 52-week low of $41.80 and a 52-week high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.15). Gaming and Leisure Properties had a net margin of 52.79% and a return on equity of 17.60%. The business had revenue of $380.60 million for the quarter, compared to analysts’ expectations of $377.95 million. During the same period in the prior year, the company posted $0.92 EPS. The firm’s revenue was up 6.7% on a year-over-year basis. On average, equities analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.76 per share. The ex-dividend date was Friday, September 13th. This represents a $3.04 dividend on an annualized basis and a yield of 5.99%. Gaming and Leisure Properties’s payout ratio is 112.18%.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,605 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $48.89, for a total value of $274,028.45. Following the completion of the sale, the director now directly owns 156,685 shares of the company’s stock, valued at $7,660,329.65. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,605 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $48.89, for a total value of $274,028.45. Following the transaction, the director now directly owns 156,685 shares in the company, valued at $7,660,329.65. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Brandon John Moore sold 30,900 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $50.05, for a total transaction of $1,546,545.00. Following the sale, the chief operating officer now owns 208,977 shares of the company’s stock, valued at $10,459,298.85. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,478 shares of company stock valued at $2,495,429. Insiders own 4.40% of the company’s stock.

Gaming and Leisure Properties Company Profile

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.