Creative Planning Acquires 2,841 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Creative Planning boosted its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 22.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 15,737 shares of the real estate investment trust’s stock after purchasing an additional 2,841 shares during the quarter. Creative Planning’s holdings in Gaming and Leisure Properties were worth $810,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in GLPI. Ashton Thomas Private Wealth LLC bought a new stake in Gaming and Leisure Properties during the 2nd quarter valued at approximately $31,000. EdgeRock Capital LLC bought a new stake in shares of Gaming and Leisure Properties in the 2nd quarter worth approximately $33,000. Versant Capital Management Inc grew its holdings in shares of Gaming and Leisure Properties by 18,500.0% during the 2nd quarter. Versant Capital Management Inc now owns 744 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 740 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Gaming and Leisure Properties by 578.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 692 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 590 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Gaming and Leisure Properties by 388.2% during the 3rd quarter. UMB Bank n.a. now owns 869 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 691 shares in the last quarter. Institutional investors own 91.14% of the company’s stock.

Analyst Ratings Changes

GLPI has been the topic of several recent research reports. JMP Securities reissued a “market outperform” rating and set a $55.00 price objective on shares of Gaming and Leisure Properties in a report on Tuesday, October 29th. StockNews.com lowered Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Raymond James lifted their price objective on Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Wells Fargo & Company reissued an “equal weight” rating and set a $52.00 price objective (up previously from $51.00) on shares of Gaming and Leisure Properties in a report on Tuesday, October 1st. Finally, Stifel Nicolaus lifted their price objective on Gaming and Leisure Properties from $52.00 to $52.50 and gave the stock a “buy” rating in a report on Friday, July 26th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Gaming and Leisure Properties has an average rating of “Moderate Buy” and an average target price of $52.18.

Insider Transactions at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 6,885 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $50.16, for a total transaction of $345,351.60. Following the completion of the sale, the director now owns 149,800 shares in the company, valued at $7,513,968. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, COO Brandon John Moore sold 30,900 shares of the business’s stock in a transaction 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 completion of the sale, the chief operating officer now owns 208,977 shares in the company, valued at $10,459,298.85. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director E Scott Urdang sold 6,885 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $50.16, for a total value of $345,351.60. Following the sale, the director now owns 149,800 shares of the company’s stock, valued at approximately $7,513,968. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,363 shares of company stock worth $2,840,781 over the last 90 days. 4.37% of the stock is owned by insiders.

Gaming and Leisure Properties Trading Down 0.7 %

Shares of GLPI opened at $49.82 on Friday. The stock has a fifty day moving average price of $51.14 and a two-hundred day moving average price of $47.69. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. Gaming and Leisure Properties, Inc. has a 52-week low of $41.80 and a 52-week high of $52.60. The company has a market cap of $13.67 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 2.16 and a beta of 0.99.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.25). Gaming and Leisure Properties had a net margin of 51.93% and a return on equity of 17.31%. The business had revenue of $385.34 million during the quarter, compared to the consensus estimate of $385.09 million. During the same quarter in the previous year, the firm posted $0.92 EPS. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. Analysts predict that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.10%. Gaming and Leisure Properties’s payout ratio is currently 106.29%.

Gaming and Leisure Properties 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.