Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Acquired by Sound Income Strategies LLC

Sound Income Strategies LLC lifted its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 9.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 298,097 shares of the real estate investment trust’s stock after purchasing an additional 26,195 shares during the quarter. Sound Income Strategies LLC owned approximately 0.11% of Gaming and Leisure Properties worth $14,356,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in GLPI. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in shares of Gaming and Leisure Properties by 5.7% in the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,244,056 shares of the real estate investment trust’s stock valued at $59,379,000 after acquiring an additional 67,320 shares during the period. Aspire Private Capital LLC raised its position in Gaming and Leisure Properties by 3.6% in the 4th quarter. Aspire Private Capital LLC now owns 15,950 shares of the real estate investment trust’s stock valued at $768,000 after purchasing an additional 556 shares during the last quarter. Atomi Financial Group Inc. raised its position in Gaming and Leisure Properties by 6.9% in the 4th quarter. Atomi Financial Group Inc. now owns 5,791 shares of the real estate investment trust’s stock valued at $279,000 after purchasing an additional 374 shares during the last quarter. Pure Financial Advisors LLC boosted its stake in Gaming and Leisure Properties by 6.3% during the 4th quarter. Pure Financial Advisors LLC now owns 8,455 shares of the real estate investment trust’s stock worth $407,000 after purchasing an additional 500 shares during the period. Finally, UMB Bank n.a. grew its position in Gaming and Leisure Properties by 57.4% during the 4th quarter. UMB Bank n.a. now owns 1,368 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 499 shares during the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Wall Street Analyst Weigh In

GLPI has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and increased their target price for the stock from $49.00 to $54.00 in a research note on Wednesday, November 20th. StockNews.com cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Mizuho dropped their target price 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. Scotiabank decreased their price target on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. Finally, Morgan Stanley cut 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 note on Wednesday, January 15th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $53.93.

Gaming and Leisure Properties Trading Down 0.7 %

Shares of GLPI opened at $47.78 on Friday. Gaming and Leisure Properties, Inc. has a twelve month low of $41.80 and a twelve month high of $52.60. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $13.11 billion, a P/E ratio of 16.71, a PEG ratio of 1.96 and a beta of 0.99. The firm’s 50-day moving average is $48.90 and its two-hundred day moving average is $49.69.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.25). The firm had revenue of $385.34 million during the quarter, compared to analyst estimates of $385.09 million. Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. On average, research analysts predict 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.76 dividend. The ex-dividend date was Friday, December 6th. This represents a $3.04 dividend on an annualized basis and a yield of 6.36%. Gaming and Leisure Properties’s payout ratio is 106.29%.

Insider Activity at Gaming and Leisure Properties

In related news, SVP Matthew Demchyk sold 1,149 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $47.80, for a total value of $54,922.20. Following the sale, the senior vice president now owns 91,620 shares of the company’s stock, valued at approximately $4,379,436. This represents a 1.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction on 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 directly owns 146,800 shares of the company’s stock, valued at $7,397,252. The trade was a 2.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,490 shares of company stock valued at $1,251,189. Insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Company 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.