Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Stock Holdings Boosted by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 76.1% during the third quarter, Holdings Channel reports. The fund owned 32,316 shares of the real estate investment trust’s stock after purchasing an additional 13,965 shares during the quarter. Sanctuary Advisors LLC’s holdings in Gaming and Leisure Properties were worth $1,646,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of GLPI. Assetmark Inc. boosted its position in Gaming and Leisure Properties by 2,547.6% during the 3rd quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 535 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in Gaming and Leisure Properties in the second quarter worth about $31,000. EdgeRock Capital LLC acquired a new stake in Gaming and Leisure Properties in the second quarter worth about $33,000. Farther Finance Advisors LLC grew its position in Gaming and Leisure Properties by 142.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 384 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Gaming and Leisure Properties by 578.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 692 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 590 shares in the last quarter. 91.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on GLPI shares. Stifel Nicolaus increased their price objective on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a “buy” rating in a report on Tuesday, November 26th. StockNews.com lowered Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Barclays initiated coverage on Gaming and Leisure Properties in a research note on Tuesday. They issued an “equal weight” rating and a $54.53 price objective on the stock. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and raised their target price for the company from $49.00 to $54.00 in a research note on Friday, December 13th. Finally, Wolfe Research upgraded shares of Gaming and Leisure Properties from a “peer perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a research report on Friday, August 23rd. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and a consensus target price of $54.00.

Gaming and Leisure Properties Stock Performance

Gaming and Leisure Properties stock opened at $46.46 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. The company has a market cap of $12.75 billion, a P/E ratio of 16.24, a price-to-earnings-growth ratio of 2.10 and a beta of 0.98. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $52.60. The firm’s 50 day simple moving average is $50.26 and its 200-day simple moving average is $49.11.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.25). The firm had revenue of $385.34 million for the quarter, compared to analysts’ expectations of $385.09 million. Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 earnings per share. As a group, equities research analysts predict that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 6.54%. The ex-dividend date is Friday, December 6th. Gaming and Leisure Properties’s dividend payout ratio is currently 106.29%.

Insiders Place Their Bets

In other news, Director E Scott Urdang sold 3,000 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $50.39, for a total value of $151,170.00. Following the transaction, the director now owns 146,800 shares in the company, valued at $7,397,252. This represents a 2.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.37% of the company’s stock.

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.