Kapitalo Investimentos Ltda Takes Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Kapitalo Investimentos Ltda purchased a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,465 shares of the real estate investment trust’s stock, valued at approximately $230,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Creative Planning increased its stake in shares of Gaming and Leisure Properties by 22.0% during the 3rd quarter. Creative Planning now owns 15,737 shares of the real estate investment trust’s stock worth $810,000 after purchasing an additional 2,841 shares during the last quarter. Sound Income Strategies LLC increased its position in Gaming and Leisure Properties by 9.0% during the third quarter. Sound Income Strategies LLC now owns 271,902 shares of the real estate investment trust’s stock worth $13,989,000 after buying an additional 22,463 shares during the last quarter. UMB Bank n.a. raised its holdings in Gaming and Leisure Properties by 388.2% during the third quarter. UMB Bank n.a. now owns 869 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 691 shares in the last quarter. Atomi Financial Group Inc. acquired a new stake in shares of Gaming and Leisure Properties in the third quarter worth about $279,000. Finally, GAMMA Investing LLC lifted its position in shares of Gaming and Leisure Properties by 68.3% in the third quarter. GAMMA Investing LLC now owns 2,600 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 1,055 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Insiders Place Their Bets

In other news, Director E Scott Urdang sold 5,605 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $48.89, for a total value of $274,028.45. Following the sale, the director now directly owns 156,685 shares in the company, valued at approximately $7,660,329.65. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Gaming and Leisure Properties news, CFO Desiree A. Burke sold 12,973 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $52.02, for a total transaction of $674,855.46. Following the completion of the transaction, the chief financial officer now directly owns 108,073 shares in the company, valued at $5,621,957.46. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director E Scott Urdang sold 5,605 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $48.89, for a total transaction of $274,028.45. Following the completion of the sale, the director now owns 156,685 shares in the company, valued at $7,660,329.65. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,478 shares of company stock worth $2,495,429 over the last quarter. Company insiders own 4.40% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on GLPI. Royal Bank of Canada raised their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Stifel Nicolaus lifted their price target on shares of Gaming and Leisure Properties from $52.00 to $52.50 and gave the company a “buy” rating in a research report on Friday, July 26th. JMP Securities upped their price objective on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock a “market outperform” rating in a report on Monday, August 12th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Finally, Raymond James upped their price target on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a report on Wednesday, August 21st. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $52.18.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI opened at $51.31 on Thursday. The firm has a market capitalization of $13.93 billion, a PE ratio of 18.93, a PEG ratio of 5.34 and a beta of 0.99. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.49. Gaming and Leisure Properties, Inc. has a 1-year low of $41.80 and a 1-year high of $52.60. The business’s 50 day moving average is $50.88 and its 200-day moving average is $47.20.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.15). Gaming and Leisure Properties had a return on equity of 17.60% and a net margin of 52.79%. The business had revenue of $380.60 million for the quarter, compared to analyst estimates of $377.95 million. During the same quarter in the prior year, the firm earned $0.92 EPS. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. Sell-side analysts predict that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 5.92%. The ex-dividend date was Friday, September 13th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 112.18%.

Gaming and Leisure Properties 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.