Private Advisor Group LLC Has $565,000 Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Private Advisor Group LLC lifted its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 9.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,494 shares of the real estate investment trust’s stock after purchasing an additional 1,054 shares during the quarter. Private Advisor Group LLC’s holdings in Gaming and Leisure Properties were worth $565,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of GLPI. Quadrant Capital Group LLC boosted its position in shares of Gaming and Leisure Properties by 49.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,620 shares of the real estate investment trust’s stock worth $129,000 after buying an additional 867 shares during the period. Financial Advocates Investment Management purchased a new position in Gaming and Leisure Properties during the 4th quarter valued at about $222,000. Norges Bank acquired a new position in shares of Gaming and Leisure Properties in the 4th quarter valued at about $141,537,000. PNC Financial Services Group Inc. lifted its position in shares of Gaming and Leisure Properties by 12.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,843 shares of the real estate investment trust’s stock worth $733,000 after purchasing an additional 1,605 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Gaming and Leisure Properties by 2.9% during the fourth quarter. Wells Fargo & Company MN now owns 224,799 shares of the real estate investment trust’s stock worth $11,094,000 after purchasing an additional 6,351 shares during the period. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Performance

GLPI opened at $51.20 on Thursday. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.49. The stock’s 50 day moving average price is $49.94 and its two-hundred day moving average price is $46.43. The firm has a market capitalization of $13.90 billion, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 5.47 and a beta of 0.99. Gaming and Leisure Properties, Inc. has a 12-month low of $41.80 and a 12-month high of $52.60.

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

Gaming and Leisure Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.04 annualized dividend and a yield of 5.94%. Gaming and Leisure Properties’s dividend payout ratio is 112.18%.

Analyst Ratings Changes

Several research firms have weighed in on GLPI. Wolfe Research upgraded shares of Gaming and Leisure Properties from a “peer perform” rating to an “outperform” rating and set a $57.00 price objective on the stock in a research note on Friday, August 23rd. Morgan Stanley reiterated an “overweight” rating and set a $53.00 price objective on shares of Gaming and Leisure Properties in a report on Friday, June 21st. Stifel Nicolaus boosted their target price on Gaming and Leisure Properties from $52.00 to $52.50 and gave the company a “buy” rating in a research note on Friday, July 26th. Scotiabank upped their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a “hold” rating in a report on Monday, July 29th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.11.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, CFO Desiree A. Burke sold 12,973 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $52.02, for a total transaction of $674,855.46. Following the sale, the chief financial officer now directly owns 108,073 shares in the company, valued at $5,621,957.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Gaming and Leisure Properties news, CFO Desiree A. Burke sold 12,973 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $52.02, for a total value of $674,855.46. Following the sale, the chief financial officer now owns 108,073 shares of the company’s stock, valued at approximately $5,621,957.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director E Scott Urdang sold 5,605 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $48.89, for a total transaction of $274,028.45. Following the transaction, the director now directly owns 156,685 shares of the company’s stock, valued at $7,660,329.65. The disclosure for this sale can be found here. Insiders sold a total of 49,478 shares of company stock valued at $2,495,429 in the last quarter. 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.