Sound Income Strategies LLC Grows Stock Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Sound Income Strategies LLC lifted its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 9.6% during the fourth quarter, HoldingsChannel reports. The firm owned 298,097 shares of the real estate investment trust’s stock after purchasing an additional 26,195 shares during the quarter. Sound Income Strategies LLC’s holdings in Gaming and Leisure Properties were worth $14,356,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in Gaming and Leisure Properties by 5.7% during the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,244,056 shares of the real estate investment trust’s stock worth $59,379,000 after buying an additional 67,320 shares during the period. Aspire Private Capital LLC increased its position in shares of Gaming and Leisure Properties by 3.6% during the fourth quarter. Aspire Private Capital LLC now owns 15,950 shares of the real estate investment trust’s stock worth $768,000 after acquiring an additional 556 shares during the last quarter. Atomi Financial Group Inc. lifted its stake in shares of Gaming and Leisure Properties by 6.9% in the fourth quarter. Atomi Financial Group Inc. now owns 5,791 shares of the real estate investment trust’s stock worth $279,000 after acquiring an additional 374 shares in the last quarter. Pure Financial Advisors LLC boosted its holdings in Gaming and Leisure Properties by 6.3% in the fourth quarter. Pure Financial Advisors LLC now owns 8,455 shares of the real estate investment trust’s stock valued at $407,000 after purchasing an additional 500 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in Gaming and Leisure Properties by 57.4% during the 4th quarter. UMB Bank n.a. now owns 1,368 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 499 shares in the last quarter. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, COO Brandon John Moore sold 3,982 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total transaction of $190,498.88. Following the transaction, the chief operating officer now directly owns 278,634 shares of the company’s stock, valued at $13,329,850.56. This represents a 1.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Matthew Demchyk sold 10,474 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $48.62, for a total value of $509,245.88. Following the completion of the sale, the senior vice president now directly owns 71,757 shares of the company’s stock, valued at $3,488,825.34. This represents a 12.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,490 shares of company stock worth $1,251,189 in the last quarter. 4.37% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties Stock Performance

NASDAQ:GLPI opened at $47.78 on Friday. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. The firm has a market cap of $13.11 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99. The company has a 50-day moving average of $48.90 and a 200-day moving average of $49.69. Gaming and Leisure Properties, Inc. has a twelve month low of $41.80 and a twelve month high of $52.60.

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

Gaming and Leisure Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.76 dividend. The ex-dividend date was Friday, December 6th. This represents a $3.04 annualized dividend and a yield of 6.36%. Gaming and Leisure Properties’s dividend payout ratio is presently 106.29%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and upped their target price for the company from $49.00 to $54.00 in a research report on Wednesday, November 20th. Mizuho reduced their price objective on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. StockNews.com lowered shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Stifel Nicolaus upped their target price on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Scotiabank lowered their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $53.93.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.