Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Purchased by CKW Financial Group

CKW Financial Group raised its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 75.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 700 shares of the real estate investment trust’s stock after purchasing an additional 300 shares during the period. CKW Financial Group’s holdings in Gaming and Leisure Properties were worth $34,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of GLPI. EP Wealth Advisors LLC grew its position in shares of Gaming and Leisure Properties by 0.7% during the 2nd quarter. EP Wealth Advisors LLC now owns 33,990 shares of the real estate investment trust’s stock valued at $1,537,000 after buying an additional 220 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Gaming and Leisure Properties by 8.7% during the fourth quarter. GAMMA Investing LLC now owns 2,826 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 226 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Gaming and Leisure Properties by 5.1% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 5,433 shares of the real estate investment trust’s stock worth $280,000 after purchasing an additional 262 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Gaming and Leisure Properties by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 7,948 shares of the real estate investment trust’s stock worth $409,000 after purchasing an additional 278 shares during the last quarter. Finally, Marshall Financial Group LLC boosted its position in Gaming and Leisure Properties by 1.4% during the 3rd quarter. Marshall Financial Group LLC now owns 20,917 shares of the real estate investment trust’s stock valued at $1,076,000 after purchasing an additional 289 shares during the period. 91.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GLPI has been the topic of several analyst reports. StockNews.com lowered Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Morgan Stanley downgraded shares of Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price objective on the stock. in a research report on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and upped their target price for the stock from $49.00 to $54.00 in a research report on Wednesday, November 20th. Mizuho cut their price target on Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a report on Thursday, November 14th. Finally, Stifel Nicolaus increased their price objective on Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Gaming and Leisure Properties has an average rating of “Moderate Buy” and an average target price of $53.93.

Gaming and Leisure Properties Trading Up 0.7 %

Shares of GLPI stock opened at $48.11 on Monday. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. The stock has a 50-day simple moving average of $48.87 and a 200 day simple moving average of $49.78. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $52.60. The stock has a market capitalization of $13.20 billion, a P/E ratio of 16.82, a P/E/G ratio of 1.96 and a beta of 0.99.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced 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 return on equity of 17.31% and a net margin of 51.93%. The business had revenue of $385.34 million during the quarter, compared to analyst estimates of $385.09 million. During the same period in the prior year, the firm earned $0.92 EPS. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, sell-side analysts expect 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 declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.76 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.04 annualized dividend and a dividend yield of 6.32%. Gaming and Leisure Properties’s dividend payout ratio is currently 106.29%.

Insider Activity

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 1,149 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $47.80, for a total transaction of $54,922.20. Following the completion of the sale, the senior vice president now directly owns 91,620 shares of the company’s stock, valued at approximately $4,379,436. This represents a 1.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Brandon John Moore sold 3,982 shares of Gaming and Leisure Properties stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total transaction of $190,498.88. Following the completion of the transaction, the chief operating officer now directly owns 278,634 shares in the company, valued at approximately $13,329,850.56. This trade represents a 1.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,490 shares of company stock worth $1,251,189. Insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties 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.