Denali Advisors LLC Purchases 6,117 Shares of Gaming and Leisure Properties, Inc. $GLPI

Denali Advisors LLC boosted its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 20.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,632 shares of the real estate investment trust’s stock after acquiring an additional 6,117 shares during the period. Denali Advisors LLC’s holdings in Gaming and Leisure Properties were worth $1,663,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GLPI. GAMMA Investing LLC raised its stake in shares of Gaming and Leisure Properties by 31.6% in the first quarter. GAMMA Investing LLC now owns 3,720 shares of the real estate investment trust’s stock worth $189,000 after purchasing an additional 894 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Gaming and Leisure Properties by 44.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,770 shares of the real estate investment trust’s stock valued at $904,000 after acquiring an additional 5,440 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Gaming and Leisure Properties by 2.8% during the first quarter. Asset Management One Co. Ltd. now owns 591,741 shares of the real estate investment trust’s stock valued at $30,120,000 after acquiring an additional 16,043 shares during the last quarter. Lecap Asset Management Ltd. increased its position in shares of Gaming and Leisure Properties by 35.8% during the first quarter. Lecap Asset Management Ltd. now owns 35,454 shares of the real estate investment trust’s stock valued at $1,805,000 after acquiring an additional 9,349 shares during the last quarter. Finally, Golden State Equity Partners increased its position in shares of Gaming and Leisure Properties by 12.0% during the first quarter. Golden State Equity Partners now owns 5,147 shares of the real estate investment trust’s stock valued at $262,000 after acquiring an additional 551 shares during the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total value of $139,620.00. Following the completion of the transaction, the director directly owned 133,953 shares of the company’s stock, valued at $6,234,172.62. This trade represents a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.26% of the stock is owned by insiders.

Gaming and Leisure Properties Price Performance

Gaming and Leisure Properties stock opened at $45.14 on Thursday. Gaming and Leisure Properties, Inc. has a one year low of $44.21 and a one year high of $52.27. The business has a fifty day moving average price of $46.71 and a 200-day moving average price of $46.93. The company has a debt-to-equity ratio of 1.41, a current ratio of 7.39 and a quick ratio of 7.39. The firm has a market capitalization of $12.78 billion, a P/E ratio of 17.50, a PEG ratio of 9.81 and a beta of 0.74.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.01). Gaming and Leisure Properties had a return on equity of 15.43% and a net margin of 46.32%.The company had revenue of $394.90 million during the quarter, compared to the consensus estimate of $397.27 million. During the same period in the previous year, the business earned $0.94 earnings per share. Gaming and Leisure Properties’s revenue was up 3.8% on a year-over-year basis. As a group, equities research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend was Friday, September 12th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 120.93%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on GLPI shares. Stifel Nicolaus downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating and set a $51.25 price target for the company. in a research report on Monday, July 21st. Cantor Fitzgerald initiated coverage on Gaming and Leisure Properties in a report on Wednesday, October 1st. They set a “neutral” rating and a $51.00 price objective for the company. Scotiabank increased their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Macquarie reduced their price objective on Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating for the company in a report on Monday, July 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $52.94.

Gaming and Leisure Properties Profile

Gaming & Leisure Properties, Inc engages in the provision of 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.