Denali Advisors LLC Acquires 6,117 Shares of Gaming and Leisure Properties, Inc. $GLPI

Denali Advisors LLC boosted its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 20.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,632 shares of the real estate investment trust’s stock after buying an additional 6,117 shares during the period. Denali Advisors LLC’s holdings in Gaming and Leisure Properties were worth $1,663,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in GLPI. GAMMA Investing LLC boosted its stake in Gaming and Leisure Properties by 31.6% during the first quarter. GAMMA Investing LLC now owns 3,720 shares of the real estate investment trust’s stock valued at $189,000 after buying an additional 894 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Gaming and Leisure Properties by 44.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,770 shares of the real estate investment trust’s stock valued at $904,000 after buying an additional 5,440 shares during the period. Asset Management One Co. Ltd. boosted its stake in Gaming and Leisure Properties by 2.8% during the first quarter. Asset Management One Co. Ltd. now owns 591,741 shares of the real estate investment trust’s stock valued at $30,120,000 after buying an additional 16,043 shares during the period. Lecap Asset Management Ltd. boosted its stake in Gaming and Leisure Properties by 35.8% during the first quarter. Lecap Asset Management Ltd. now owns 35,454 shares of the real estate investment trust’s stock valued at $1,805,000 after buying an additional 9,349 shares during the period. Finally, Golden State Equity Partners boosted its stake in Gaming and Leisure Properties by 12.0% during the first quarter. Golden State Equity Partners now owns 5,147 shares of the real estate investment trust’s stock valued at $262,000 after buying an additional 551 shares during the period. Institutional investors own 91.14% of the company’s stock.

Analyst Ratings Changes

GLPI has been the subject of several research analyst reports. Macquarie dropped their price objective on Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating for the company in a research note on Monday, July 28th. Stifel Nicolaus downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating and set a $51.25 price target on the stock. in a research report on Monday, July 21st. Scotiabank raised their price target on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Wednesday, October 8th. Finally, Cantor Fitzgerald began coverage on Gaming and Leisure Properties in a research report on Wednesday, October 1st. They set a “neutral” rating and a $51.00 price target on the stock. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $52.94.

Gaming and Leisure Properties Stock Up 0.0%

GLPI opened at $45.14 on Thursday. The company has a market cap of $12.78 billion, a P/E ratio of 17.50, a P/E/G ratio of 9.81 and a beta of 0.74. The business’s 50-day moving average price is $46.71 and its 200-day moving average price is $46.93. The company has a current ratio of 7.39, a quick ratio of 7.39 and a debt-to-equity ratio of 1.41. Gaming and Leisure Properties, Inc. has a 12 month low of $44.21 and a 12 month high of $52.27.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.96 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.01). The company had revenue of $394.90 million during the quarter, compared to analysts’ expectations of $397.27 million. Gaming and Leisure Properties had a return on equity of 15.43% and a net margin of 46.32%.The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.94 EPS. On average, equities analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a $0.78 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.12 annualized dividend and a dividend yield of 6.9%. Gaming and Leisure Properties’s payout ratio is currently 120.93%.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total value of $139,620.00. Following the transaction, the director owned 133,953 shares in the company, valued at approximately $6,234,172.62. The trade was a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.26% of the company’s stock.

Gaming and Leisure Properties Profile

Gaming & Leisure Properties, Inc engages in the provision of 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.