Cambridge Investment Research Advisors Inc. Has $1.33 Million Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Cambridge Investment Research Advisors Inc. boosted its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Get Rating) by 33.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,482 shares of the real estate investment trust’s stock after buying an additional 6,455 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Gaming and Leisure Properties were worth $1,327,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Zions Bancorporation N.A. bought a new position in shares of Gaming and Leisure Properties in the 1st quarter worth about $43,000. CWM LLC raised its position in shares of Gaming and Leisure Properties by 50.9% in the 3rd quarter. CWM LLC now owns 1,005 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 339 shares in the last quarter. Guardian Wealth Advisors LLC bought a new position in shares of Gaming and Leisure Properties in the 3rd quarter worth about $54,000. Accurate Wealth Management LLC bought a new position in shares of Gaming and Leisure Properties in the 4th quarter worth about $71,000. Finally, IFP Advisors Inc raised its position in shares of Gaming and Leisure Properties by 50.5% in the 3rd quarter. IFP Advisors Inc now owns 2,166 shares of the real estate investment trust’s stock worth $94,000 after acquiring an additional 727 shares in the last quarter. 90.69% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang bought 1,000 shares of Gaming and Leisure Properties stock in a transaction dated Wednesday, March 1st. The stock was bought at an average cost of $53.82 per share, with a total value of $53,820.00. Following the completion of the acquisition, the director now directly owns 150,132 shares in the company, valued at approximately $8,080,104.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.60% of the company’s stock.

Wall Street Analyst Weigh In

GLPI has been the topic of a number of research reports. StockNews.com initiated coverage on Gaming and Leisure Properties in a research note on Thursday. They set a “hold” rating on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $57.00 price target on shares of Gaming and Leisure Properties in a research note on Tuesday, March 21st. Finally, Raymond James upped their price target on Gaming and Leisure Properties from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, April 6th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and an average target price of $56.80.

Gaming and Leisure Properties Stock Performance

Shares of Gaming and Leisure Properties stock opened at $48.80 on Friday. The company has a market cap of $12.80 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 4.44 and a beta of 0.99. Gaming and Leisure Properties, Inc. has a 52 week low of $42.71 and a 52 week high of $55.13. The business has a 50 day moving average price of $50.66 and a 200-day moving average price of $51.64. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 1.54.

Gaming and Leisure Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 24th. Stockholders of record on Friday, March 10th were paid a $0.97 dividend. The ex-dividend date of this dividend was Thursday, March 9th. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.71. This represents a $3.88 annualized dividend and a dividend yield of 7.95%. Gaming and Leisure Properties’s dividend payout ratio is 98.97%.

About Gaming and Leisure Properties

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Gaming & Leisure Properties, Inc engages in 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.