Andra AP fonden Increases Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Andra AP fonden lifted its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 42.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 247,500 shares of the real estate investment trust’s stock after acquiring an additional 74,200 shares during the quarter. Andra AP fonden owned 0.09% of Gaming and Leisure Properties worth $11,189,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new position in Gaming and Leisure Properties in the second quarter worth about $31,000. EdgeRock Capital LLC acquired a new position in Gaming and Leisure Properties in the second quarter worth about $33,000. MCF Advisors LLC grew its stake in Gaming and Leisure Properties by 416.7% in the first quarter. MCF Advisors LLC now owns 744 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 600 shares in the last quarter. Versant Capital Management Inc grew its stake in Gaming and Leisure Properties by 18,500.0% in 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 in the last quarter. Finally, Mather Group LLC. acquired a new position in Gaming and Leisure Properties in the first quarter worth about $42,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on GLPI shares. Morgan Stanley reiterated an “overweight” rating and issued a $53.00 price target on shares of Gaming and Leisure Properties in a research note on Friday, June 21st. Royal Bank of Canada lifted their target price on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Wells Fargo & Company lifted their target price on Gaming and Leisure Properties from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Monday, August 26th. Raymond James lifted their target price on Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a research note on Wednesday, August 21st. Finally, StockNews.com upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Friday, July 19th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.11.

Insider Buying and Selling

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 stock was sold at an average price of $48.89, for a total transaction of $274,028.45. Following the sale, the director now owns 156,685 shares of the company’s stock, valued at $7,660,329.65. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Gaming and Leisure Properties news, COO Brandon John Moore sold 30,900 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $50.05, for a total value of $1,546,545.00. Following the transaction, the chief operating officer now owns 208,977 shares of the company’s stock, valued at $10,459,298.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director E Scott Urdang sold 5,605 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 156,685 shares in the company, valued at approximately $7,660,329.65. The disclosure for this sale can be found here. Insiders have sold a total of 49,478 shares of company stock valued at $2,495,429 over the last quarter. Corporate insiders own 4.40% of the company’s stock.

Gaming and Leisure Properties Stock Performance

GLPI opened at $52.34 on Wednesday. Gaming and Leisure Properties, Inc. has a twelve month low of $41.80 and a twelve month high of $52.60. The stock has a market cap of $14.36 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 5.39 and a beta of 0.99. The business’s 50 day moving average is $49.22 and its 200-day moving average is $46.19. 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 announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.77 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.15). Gaming and Leisure Properties had a return on equity of 17.60% and a net margin of 52.79%. The firm had revenue of $380.60 million for the quarter, compared to the consensus estimate of $377.95 million. During the same period in the previous year, the firm earned $0.92 EPS. Gaming and Leisure Properties’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, analysts predict 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 announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued 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 5.81%. Gaming and Leisure Properties’s payout ratio is 112.18%.

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.