Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Bought by Sei Investments Co.

Sei Investments Co. lifted its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 11.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 539,593 shares of the real estate investment trust’s stock after purchasing an additional 55,385 shares during the period. Sei Investments Co.’s holdings in Gaming and Leisure Properties were worth $24,395,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of GLPI. Ashton Thomas Private Wealth LLC acquired a new stake in Gaming and Leisure Properties during the second quarter valued at approximately $31,000. EdgeRock Capital LLC bought a new stake in shares of Gaming and Leisure Properties in the 2nd quarter valued at approximately $33,000. MCF Advisors LLC raised its position in shares of Gaming and Leisure Properties by 416.7% during the 1st quarter. MCF Advisors LLC now owns 744 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 600 shares in the last quarter. Versant Capital Management Inc lifted its stake in Gaming and Leisure Properties by 18,500.0% during the second 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 during the last quarter. Finally, Mather Group LLC. bought a new stake in Gaming and Leisure Properties during the first quarter valued at $42,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GLPI. JMP Securities raised their price target on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Monday, August 12th. StockNews.com raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Friday, July 19th. Royal Bank of Canada increased their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Scotiabank boosted their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 16th. Finally, Raymond James increased their target price 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. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Gaming and Leisure Properties presently has a consensus rating of “Moderate Buy” and an average target price of $52.11.

Gaming and Leisure Properties Stock Down 0.4 %

Gaming and Leisure Properties stock opened at $50.93 on Wednesday. Gaming and Leisure Properties, Inc. has a 52 week low of $41.80 and a 52 week high of $52.60. The stock has a market cap of $13.83 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 5.47 and a beta of 0.99. The company’s 50-day moving average price is $50.27 and its two-hundred day moving average price is $46.61. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.49.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.77 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 analyst estimates of $377.95 million. Gaming and Leisure Properties had a net margin of 52.79% and a return on equity of 17.60%. Gaming and Leisure Properties’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.92 EPS. On average, analysts expect that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.04 annualized dividend and a dividend yield of 5.97%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 112.18%.

Insider Activity at Gaming and Leisure Properties

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 sale, the director now directly owns 156,685 shares in the company, valued at $7,660,329.65. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director E Scott Urdang sold 5,605 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $48.89, for a total value of $274,028.45. Following the sale, the director now directly owns 156,685 shares in the company, valued at approximately $7,660,329.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Desiree A. Burke sold 12,973 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were 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 of the company’s stock, valued at $5,621,957.46. The disclosure for this sale can be found here. Insiders sold 49,478 shares of company stock valued at $2,495,429 over the last 90 days. 4.40% of the stock is currently owned by corporate insiders.

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.