Outlook Wealth Advisors LLC Acquires Shares of 7,249 Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Outlook Wealth Advisors LLC acquired a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 7,249 shares of the real estate investment trust’s stock, valued at approximately $328,000.

A number of other hedge funds have also bought and sold shares of the company. Wellington Management Group LLP increased its position in Gaming and Leisure Properties by 40.8% during the fourth quarter. Wellington Management Group LLP now owns 12,709,300 shares of the real estate investment trust’s stock valued at $627,204,000 after acquiring an additional 3,684,553 shares during the last quarter. Putnam Investments LLC boosted its stake in shares of Gaming and Leisure Properties by 3.1% during the fourth quarter. Putnam Investments LLC now owns 9,511,521 shares of the real estate investment trust’s stock valued at $469,394,000 after purchasing an additional 282,828 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Gaming and Leisure Properties by 1.7% during the fourth quarter. Principal Financial Group Inc. now owns 8,921,163 shares of the real estate investment trust’s stock valued at $440,259,000 after purchasing an additional 150,055 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Gaming and Leisure Properties by 4.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,489,160 shares of the real estate investment trust’s stock valued at $252,886,000 after purchasing an additional 211,709 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Gaming and Leisure Properties by 1.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,730,590 shares of the real estate investment trust’s stock valued at $184,106,000 after purchasing an additional 45,729 shares during the period. Institutional investors own 91.14% of the company’s stock.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,605 shares of Gaming and Leisure Properties stock in a transaction on Monday, August 12th. The shares were sold at an average price of $48.89, for a total transaction of $274,028.45. Following the sale, the director now owns 156,685 shares of the company’s stock, valued at approximately $7,660,329.65. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.40% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ:GLPI traded down $0.12 during trading on Friday, hitting $49.14. 1,083,467 shares of the stock traded hands, compared to its average volume of 1,351,815. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.49. The company has a market cap of $13.34 billion, a price-to-earnings ratio of 18.13, a P/E/G ratio of 5.14 and a beta of 0.98. The company has a fifty day moving average price of $46.79 and a two-hundred day moving average price of $45.50. Gaming and Leisure Properties, Inc. has a 52-week low of $41.80 and a 52-week high of $50.74.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.15). Gaming and Leisure Properties had a net margin of 52.79% and a return on equity of 17.60%. The company had revenue of $380.60 million during the quarter, compared to analyst estimates of $377.95 million. During the same period in the prior year, the business posted $0.92 EPS. Gaming and Leisure Properties’s revenue was up 6.7% compared to the same quarter last year. As a group, equities analysts predict that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were paid a dividend of $0.76 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $3.04 annualized dividend and a yield of 6.19%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 112.18%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Scotiabank boosted their target price on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 16th. JMP Securities upped their price objective on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock a “market outperform” rating in a research note on Monday, August 12th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Royal Bank of Canada upped their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $51.00 price objective on shares of Gaming and Leisure Properties in a research note on Friday, May 17th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.38.

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.