2,654 Shares in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Bought by Register Financial Advisors LLC

Register Financial Advisors LLC bought a new position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,654 shares of the real estate investment trust’s stock, valued at approximately $122,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Raleigh Capital Management Inc. boosted its position in Gaming and Leisure Properties by 3.0% during the third quarter. Raleigh Capital Management Inc. now owns 6,872 shares of the real estate investment trust’s stock valued at $313,000 after buying an additional 203 shares during the period. Moody National Bank Trust Division boosted its position in Gaming and Leisure Properties by 1.2% during the first quarter. Moody National Bank Trust Division now owns 19,068 shares of the real estate investment trust’s stock valued at $878,000 after buying an additional 231 shares during the period. Securian Asset Management Inc. boosted its position in Gaming and Leisure Properties by 1.3% during the fourth quarter. Securian Asset Management Inc. now owns 22,534 shares of the real estate investment trust’s stock valued at $1,112,000 after buying an additional 289 shares during the period. Corient Private Wealth LLC boosted its position in Gaming and Leisure Properties by 1.9% during the fourth quarter. Corient Private Wealth LLC now owns 17,844 shares of the real estate investment trust’s stock valued at $881,000 after buying an additional 327 shares during the period. Finally, Foundations Investment Advisors LLC boosted its position in Gaming and Leisure Properties by 4.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 7,583 shares of the real estate investment trust’s stock valued at $352,000 after buying an additional 354 shares during the period. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Stock Up 1.2 %

Shares of NASDAQ GLPI traded up $0.52 on Friday, reaching $45.21. 1,877,445 shares of the company’s stock traded hands, compared to its average volume of 1,332,576. Gaming and Leisure Properties, Inc. has a 12 month low of $41.80 and a 12 month high of $50.06. The business’s 50 day simple moving average is $44.18 and its two-hundred day simple moving average is $45.44. The company has a market cap of $12.27 billion, a price-to-earnings ratio of 16.49, a price-to-earnings-growth ratio of 5.18 and a beta of 0.96. The company has a quick ratio of 6.47, a current ratio of 6.47 and a debt-to-equity ratio of 1.49.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Friday, April 26th. The real estate investment trust reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.26). Gaming and Leisure Properties had a net margin of 50.05% and a return on equity of 16.79%. The business had revenue of $376.00 million for the quarter, compared to the consensus estimate of $368.44 million. During the same period in the prior year, the business posted $0.92 EPS. Gaming and Leisure Properties’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.65 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.72%. The ex-dividend date was Friday, June 7th. Gaming and Leisure Properties’s payout ratio is 112.18%.

Analyst Ratings Changes

Several brokerages have recently commented on GLPI. Morgan Stanley reaffirmed an “overweight” rating and set a $53.00 price objective on shares of Gaming and Leisure Properties in a research note on Friday, June 21st. Mizuho decreased their price target on shares of Gaming and Leisure Properties from $47.00 to $46.00 and set a “neutral” rating for the company in a research note on Friday, May 10th. Stifel Nicolaus increased their price target on shares of Gaming and Leisure Properties from $50.75 to $51.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Scotiabank increased their price target on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16th. Finally, JMP Securities reissued a “market outperform” rating and issued a $53.00 price target on shares of Gaming and Leisure Properties in a research note on Monday, June 17th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Gaming and Leisure Properties has an average rating of “Hold” and an average price target of $50.33.

About Gaming and Leisure Properties

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.