Strategic Investment Advisors MI Lowers Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Strategic Investment Advisors MI trimmed its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 10.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 5,479 shares of the real estate investment trust’s stock after selling 615 shares during the period. Strategic Investment Advisors MI’s holdings in Gaming and Leisure Properties were worth $279,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the business. Freedom Investment Management Inc. boosted its holdings in Gaming and Leisure Properties by 3.8% in the fourth quarter. Freedom Investment Management Inc. now owns 6,063 shares of the real estate investment trust’s stock valued at $292,000 after purchasing an additional 222 shares during the last quarter. Seeds Investor LLC boosted its holdings in Gaming and Leisure Properties by 3.6% in the fourth quarter. Seeds Investor LLC now owns 7,350 shares of the real estate investment trust’s stock valued at $354,000 after purchasing an additional 254 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Gaming and Leisure Properties by 0.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 55,881 shares of the real estate investment trust’s stock valued at $2,691,000 after purchasing an additional 277 shares during the last quarter. EP Wealth Advisors LLC boosted its holdings in Gaming and Leisure Properties by 0.8% in the fourth quarter. EP Wealth Advisors LLC now owns 40,993 shares of the real estate investment trust’s stock valued at $1,974,000 after purchasing an additional 307 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in Gaming and Leisure Properties by 2.0% in the fourth quarter. Corient Private Wealth LLC now owns 16,921 shares of the real estate investment trust’s stock valued at $815,000 after purchasing an additional 331 shares during the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director E Scott Urdang sold 4,000 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $46.58, for a total value of $186,320.00. Following the completion of the sale, the director now owns 136,953 shares of the company’s stock, valued at approximately $6,379,270.74. This trade represents a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.26% of the stock is owned by company insiders.

Gaming and Leisure Properties Price Performance

NASDAQ:GLPI opened at $46.39 on Thursday. Gaming and Leisure Properties, Inc. has a 12 month low of $43.44 and a 12 month high of $52.60. The stock has a 50 day moving average of $47.04 and a two-hundred day moving average of $48.20. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 1.51. The firm has a market cap of $12.75 billion, a P/E ratio of 16.51, a price-to-earnings-growth ratio of 3.28 and a beta of 0.72.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.96 EPS for the quarter, hitting the consensus estimate of $0.96. Gaming and Leisure Properties had a return on equity of 17.02% and a net margin of 50.41%. The company had revenue of $395.24 million during the quarter, compared to analyst estimates of $396.27 million. During the same period in the previous year, the business earned $0.92 EPS. Gaming and Leisure Properties’s quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.78 per share. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.76. This represents a $3.12 annualized dividend and a yield of 6.73%. The ex-dividend date is Friday, June 13th. Gaming and Leisure Properties’s payout ratio is 111.03%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Royal Bank Of Canada decreased their price objective on shares of Gaming and Leisure Properties from $56.00 to $54.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. Barclays upped their price target on Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 22nd. Scotiabank reduced their price target on Gaming and Leisure Properties from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Monday, May 12th. Wells Fargo & Company reduced their price target on Gaming and Leisure Properties from $51.00 to $49.00 and set an “equal weight” rating for the company in a report on Monday, June 2nd. Finally, Wedbush set a $55.00 price target on Gaming and Leisure Properties in a report on Monday, April 28th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Gaming and Leisure Properties presently has a consensus rating of “Moderate Buy” and an average target price of $54.17.

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.