Clearbridge Investments LLC Has $22.17 Million Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Clearbridge Investments LLC decreased its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 0.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 481,239 shares of the real estate investment trust’s stock after selling 833 shares during the period. Clearbridge Investments LLC’s holdings in Gaming and Leisure Properties were worth $22,171,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Headlands Technologies LLC acquired a new stake in shares of Gaming and Leisure Properties in the fourth quarter valued at approximately $30,000. EdgeRock Capital LLC bought a new stake in shares of Gaming and Leisure Properties during the 4th quarter valued at $33,000. MCF Advisors LLC grew its holdings in shares of Gaming and Leisure Properties by 416.7% during the 1st quarter. MCF Advisors LLC now owns 744 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 600 shares in the last quarter. Mather Group LLC. bought a new position in shares of Gaming and Leisure Properties in the first quarter worth $42,000. Finally, Larson Financial Group LLC raised its stake in Gaming and Leisure Properties by 1,587.3% in the first quarter. Larson Financial Group LLC now owns 1,063 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Trading Down 0.7 %

Shares of Gaming and Leisure Properties stock traded down $0.33 during midday trading on Wednesday, reaching $48.56. The company had a trading volume of 1,181,397 shares, compared to its average volume of 1,338,255. The stock has a fifty day moving average price of $45.25 and a 200 day moving average price of $45.16. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $49.99. The firm has a market cap of $13.18 billion, a PE ratio of 18.04, a P/E/G ratio of 5.70 and a beta of 0.98. The company has a debt-to-equity ratio of 1.49, a current ratio of 6.47 and a quick ratio of 6.47.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.26). Gaming and Leisure Properties had a return on equity of 16.79% and a net margin of 50.05%. The firm had revenue of $376.00 million during the quarter, compared to analyst estimates of $368.44 million. During the same quarter last year, the firm posted $0.92 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.66 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were given a dividend of $0.76 per share. The ex-dividend date was Friday, June 7th. This represents a $3.04 dividend on an annualized basis and a yield of 6.26%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 112.18%.

Wall Street Analysts Forecast Growth

GLPI has been the topic of several recent analyst reports. Wells Fargo & Company decreased their target price on shares of Gaming and Leisure Properties from $49.00 to $48.00 and set an “equal weight” rating on the stock in a report on Thursday, May 30th. Wedbush restated an “outperform” rating and set a $51.00 price objective on shares of Gaming and Leisure Properties in a research report on Friday, May 17th. Scotiabank upped their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 16th. Mizuho decreased their price target on Gaming and Leisure Properties from $47.00 to $46.00 and set a “neutral” rating on the stock in a research note on Friday, May 10th. Finally, JMP Securities restated a “market outperform” rating and set a $53.00 price objective on shares of Gaming and Leisure Properties in a research report on Monday, July 15th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $51.27.

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.