Whittier Trust Co. Buys 265 Shares of Gaming and Leisure Properties, Inc. $GLPI

Whittier Trust Co. boosted its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 18.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,708 shares of the real estate investment trust’s stock after purchasing an additional 265 shares during the period. Whittier Trust Co.’s holdings in Gaming and Leisure Properties were worth $80,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management bought a new position in Gaming and Leisure Properties during the first quarter valued at approximately $26,000. Private Trust Co. NA bought a new position in Gaming and Leisure Properties during the first quarter valued at approximately $28,000. TD Private Client Wealth LLC lifted its position in Gaming and Leisure Properties by 64.2% during the first quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 213 shares during the period. V Square Quantitative Management LLC bought a new position in Gaming and Leisure Properties during the second quarter valued at approximately $30,000. Finally, REAP Financial Group LLC lifted its position in Gaming and Leisure Properties by 66.0% during the second quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 264 shares during the period. Institutional investors own 91.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GLPI. Barclays upgraded shares of Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $51.00 to $54.00 in a research report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Wednesday, October 8th. Cantor Fitzgerald started coverage on shares of Gaming and Leisure Properties in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $51.00 price target on the stock. Royal Bank Of Canada decreased their price target on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating on the stock in a research report on Monday, July 28th. Finally, Mizuho increased their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Gaming and Leisure Properties presently has an average rating of “Hold” and an average price target of $52.94.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $46.54, for a total transaction of $139,620.00. Following the sale, the director directly owned 133,953 shares in the company, valued at $6,234,172.62. This trade represents a 2.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 4.26% of the stock is owned by insiders.

Gaming and Leisure Properties Stock Down 0.5%

Shares of GLPI stock opened at $44.81 on Friday. The company has a market capitalization of $12.68 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 9.80 and a beta of 0.74. Gaming and Leisure Properties, Inc. has a one year low of $44.21 and a one year high of $52.27. The company’s fifty day moving average price is $46.67 and its 200-day moving average price is $46.91. The company has a debt-to-equity ratio of 1.41, a current ratio of 7.39 and a quick ratio of 7.39.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced 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 firm had revenue of $394.90 million for the quarter, compared to the consensus estimate of $397.27 million. Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.94 earnings per share. Sell-side analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 7.0%. The ex-dividend date was Friday, September 12th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 120.93%.

Gaming and Leisure Properties Company 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.