Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Position Boosted by CKW Financial Group

CKW Financial Group grew its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 75.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 700 shares of the real estate investment trust’s stock after purchasing an additional 300 shares during the period. CKW Financial Group’s holdings in Gaming and Leisure Properties were worth $34,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Assetmark Inc. increased its stake 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 buying an additional 535 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Gaming and Leisure Properties by 142.2% in the third quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 384 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Gaming and Leisure Properties by 578.4% during the second quarter. EverSource Wealth Advisors LLC now owns 692 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 590 shares in the last quarter. Abich Financial Wealth Management LLC boosted its position in Gaming and Leisure Properties by 3,191.3% during the third quarter. Abich Financial Wealth Management LLC now owns 757 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 734 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in Gaming and Leisure Properties in the third quarter valued at about $39,000. 91.14% of the stock is owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Price Performance

NASDAQ GLPI opened at $48.11 on Monday. The stock has a market capitalization of $13.20 billion, a PE ratio of 16.82, a P/E/G ratio of 1.96 and a beta of 0.99. The stock has a 50-day simple moving average of $48.87 and a 200 day simple moving average of $49.78. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. Gaming and Leisure Properties, Inc. has a twelve month low of $41.80 and a twelve month high of $52.60.

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). Gaming and Leisure Properties had a net margin of 51.93% and a return on equity of 17.31%. The business had revenue of $385.34 million during the quarter, compared to the consensus estimate of $385.09 million. During the same period in the prior year, the company posted $0.92 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. Research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a $0.76 dividend. The ex-dividend date was Friday, December 6th. This represents a $3.04 annualized dividend and a yield of 6.32%. Gaming and Leisure Properties’s dividend payout ratio is 106.29%.

Insider Transactions at Gaming and Leisure Properties

In other news, SVP Matthew Demchyk sold 1,149 shares of Gaming and Leisure Properties stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $47.80, for a total transaction 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 trade represents a 1.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Brandon John Moore sold 3,982 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total value of $190,498.88. Following the completion of the transaction, the chief operating officer now owns 278,634 shares of the company’s stock, valued at $13,329,850.56. The trade was a 1.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,490 shares of company stock worth $1,251,189. 4.37% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GLPI. StockNews.com downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Barclays initiated coverage on shares of Gaming and Leisure Properties in a research note on Tuesday, December 17th. They issued an “equal weight” rating and a $54.53 target price for the company. Stifel Nicolaus increased their price target on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Morgan Stanley lowered shares of Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price objective for the company. in a research note on Wednesday, January 15th. Finally, JMP Securities reissued a “market outperform” rating and set a $55.00 target price on shares of Gaming and Leisure Properties in a research report on Wednesday, December 18th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.93.

About Gaming and Leisure Properties

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.