Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Bought by Edgestream Partners L.P.

Edgestream Partners L.P. lifted its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 259.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,155 shares of the real estate investment trust’s stock after buying an additional 29,696 shares during the quarter. Edgestream Partners L.P.’s holdings in Gaming and Leisure Properties were worth $2,117,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Assetmark Inc. increased its position in Gaming and Leisure Properties by 2,547.6% in the 3rd quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 535 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Gaming and Leisure Properties by 142.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 384 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in Gaming and Leisure Properties in the second quarter valued at about $31,000. EverSource Wealth Advisors LLC increased its stake in Gaming and Leisure Properties by 578.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 692 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 590 shares in the last quarter. Finally, EdgeRock Capital LLC purchased a new position in shares of Gaming and Leisure Properties in the second quarter valued at $33,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $50.39, for a total transaction of $151,170.00. Following the transaction, the director now directly owns 146,800 shares of the company’s stock, valued at approximately $7,397,252. The trade was a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.37% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ:GLPI opened at $51.35 on Tuesday. The business has a 50-day moving average of $50.59 and a two-hundred day moving average of $48.70. The firm has a market capitalization of $14.09 billion, a PE ratio of 17.95, a P/E/G ratio of 2.19 and a beta of 0.99. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. Gaming and Leisure Properties, Inc. has a 12 month low of $41.80 and a 12 month high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.25). The business had revenue of $385.34 million for 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 firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the company posted $0.92 EPS. As a group, research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.76 dividend. The ex-dividend date is Friday, December 6th. This represents a $3.04 annualized dividend and a yield of 5.92%. Gaming and Leisure Properties’s dividend payout ratio is currently 106.29%.

Wall Street Analyst Weigh In

Several research firms have recently commented on GLPI. Mizuho lowered their price target on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Wells Fargo & Company reissued an “equal weight” rating and issued a $52.00 price target (up from $51.00) on shares of Gaming and Leisure Properties in a report on Tuesday, October 1st. JMP Securities reaffirmed a “market outperform” rating and set a $55.00 price objective on shares of Gaming and Leisure Properties in a research note on Tuesday, October 29th. Wolfe Research raised shares of Gaming and Leisure Properties from a “peer perform” rating to an “outperform” rating and set a $57.00 target price for the company in a research note on Friday, August 23rd. Finally, Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and raised their price target for the stock from $49.00 to $54.00 in a research note on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.32.

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.