Cwm LLC Increases Stock Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Cwm LLC lifted its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 1,356.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 641 shares of the real estate investment trust’s stock after acquiring an additional 597 shares during the quarter. Cwm LLC’s holdings in Gaming and Leisure Properties were worth $27,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hudock Inc. lifted its position in shares of Gaming and Leisure Properties by 275.0% in the 1st quarter. Hudock Inc. now owns 750 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 550 shares during the period. Perigon Wealth Management LLC purchased a new stake in Gaming and Leisure Properties during the fourth quarter valued at approximately $34,000. Penbrook Management LLC purchased a new stake in Gaming and Leisure Properties during the fourth quarter valued at approximately $36,000. Private Capital Group LLC lifted its position in Gaming and Leisure Properties by 123.6% during the fourth quarter. Private Capital Group LLC now owns 863 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 477 shares during the last quarter. Finally, TD Ameritrade Investment Management LLC purchased a new stake in Gaming and Leisure Properties during the fourth quarter valued at approximately $52,000. 83.78% of the stock is owned by hedge funds and other institutional investors.

GLPI opened at $45.98 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.60. The company has a market cap of $10.70 billion, a price-to-earnings ratio of 22.11 and a beta of 1.06. Gaming and Leisure Properties, Inc. has a 52-week low of $25.60 and a 52-week high of $47.50. The firm’s fifty day simple moving average is $44.79 and its two-hundred day simple moving average is $42.63.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, April 29th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.27). Gaming and Leisure Properties had a net margin of 39.46% and a return on equity of 21.46%. On average, research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.37 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 23rd. Shareholders of record on Tuesday, March 9th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 5.65%. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, March 8th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 75.58%.

A number of research firms recently commented on GLPI. Zacks Investment Research raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Thursday, May 6th. Morgan Stanley increased their target price on shares of Gaming and Leisure Properties from $46.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, May 10th. Mizuho raised their price target on shares of Gaming and Leisure Properties from $48.00 to $49.00 and gave the stock a “buy” rating in a report on Tuesday, May 4th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Gaming and Leisure Properties from $51.00 to $54.00 and gave the stock a “buy” rating in a report on Monday, May 3rd. Finally, LADENBURG THALM/SH SH raised their price target on shares of Gaming and Leisure Properties from $47.50 to $51.00 in a report on Monday, April 26th. Thirteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $48.14.

In other Gaming and Leisure Properties news, Director E Scott Urdang purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, May 6th. The shares were purchased at an average cost of $46.21 per share, with a total value of $46,210.00. Following the completion of the purchase, the director now owns 132,191 shares in the company, valued at approximately $6,108,546.11. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 5.83% of the company’s stock.

Gaming and Leisure Properties Company Profile

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.

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Institutional Ownership by Quarter for Gaming and Leisure Properties (NASDAQ:GLPI)

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