AlphaQuest LLC Increases Stock Holdings in Gaming and Leisure Properties, Inc. $GLPI

AlphaQuest LLC raised its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 95.2% during the third quarter, Holdings Channel reports. The firm owned 74,986 shares of the real estate investment trust’s stock after buying an additional 36,566 shares during the quarter. AlphaQuest LLC’s holdings in Gaming and Leisure Properties were worth $3,495,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Arizona State Retirement System boosted its stake in shares of Gaming and Leisure Properties by 0.9% during the 3rd quarter. Arizona State Retirement System now owns 81,076 shares of the real estate investment trust’s stock valued at $3,779,000 after purchasing an additional 723 shares in the last quarter. Foundations Investment Advisors LLC lifted its holdings in Gaming and Leisure Properties by 6.3% in the third quarter. Foundations Investment Advisors LLC now owns 8,511 shares of the real estate investment trust’s stock worth $397,000 after buying an additional 504 shares during the period. AE Wealth Management LLC lifted its holdings in Gaming and Leisure Properties by 4.5% in the third quarter. AE Wealth Management LLC now owns 11,364 shares of the real estate investment trust’s stock worth $530,000 after buying an additional 493 shares during the period. TD Waterhouse Canada Inc. boosted its position in Gaming and Leisure Properties by 15.9% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 4,636 shares of the real estate investment trust’s stock valued at $219,000 after acquiring an additional 636 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Gaming and Leisure Properties by 8.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,788 shares of the real estate investment trust’s stock valued at $363,000 after acquiring an additional 620 shares in the last quarter. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI opened at $45.36 on Friday. Gaming and Leisure Properties, Inc. has a twelve month low of $41.17 and a twelve month high of $52.24. The firm has a market cap of $12.84 billion, a P/E ratio of 16.43, a PEG ratio of 2.48 and a beta of 0.67. The company has a 50 day moving average of $44.33 and a 200 day moving average of $45.53. The company has a quick ratio of 13.23, a current ratio of 13.23 and a debt-to-equity ratio of 1.47.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 EPS for the quarter, beating the consensus estimate of $0.96 by $0.01. The business had revenue of $397.61 million for the quarter, compared to the consensus estimate of $399.66 million. Gaming and Leisure Properties had a return on equity of 16.34% and a net margin of 49.54%.The company’s revenue was up 3.2% compared to the same quarter last year. During the same period last year, the business posted $0.95 EPS. As a group, research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $3.12 annualized dividend and a dividend yield of 6.9%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 113.04%.

Insider Activity

In related news, SVP Steven Ladany sold 13,409 shares of Gaming and Leisure Properties stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $45.04, for a total value of $603,941.36. Following the completion of the sale, the senior vice president directly owned 57,886 shares in the company, valued at approximately $2,607,185.44. This trade represents a 18.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director E Scott Urdang sold 4,000 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $45.49, for a total value of $181,960.00. Following the completion of the transaction, the director directly owned 129,953 shares of the company’s stock, valued at approximately $5,911,561.97. This trade represents a 2.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 40,864 shares of company stock valued at $1,832,866 over the last quarter. 4.26% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

GLPI has been the subject of several research reports. Stifel Nicolaus set a $47.75 target price on Gaming and Leisure Properties in a research report on Monday, December 15th. Cantor Fitzgerald decreased their price objective on Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Morgan Stanley raised their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 24th. Mizuho set a $50.00 target price on shares of Gaming and Leisure Properties and gave the company an “outperform” rating in a report on Wednesday, December 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 22nd. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $51.89.

Gaming and Leisure Properties Profile

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust (REIT) specializing in the ownership and management of gaming and entertainment properties. Established in 2013 as a spin-off from Penn National Gaming, the company was designed to acquire and hold real estate assets associated with casinos, racetracks and other gaming facilities, while leasing those assets back to operating partners under long-term, triple-net lease agreements.

The company’s core activities involve identifying attractive gaming real estate, structuring lease agreements that align tenant incentives with property performance, and actively managing its portfolio to enhance asset value.