Gaming and Leisure Properties, Inc. $GLPI Stake Increased by Freedom Investment Management Inc.

Freedom Investment Management Inc. grew its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 4.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,977 shares of the real estate investment trust’s stock after purchasing an additional 261 shares during the period. Freedom Investment Management Inc.’s holdings in Gaming and Leisure Properties were worth $279,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of GLPI. Private Trust Co. NA purchased a new stake in shares of Gaming and Leisure Properties in the first quarter valued at $28,000. TD Private Client Wealth LLC lifted its holdings in shares of Gaming and Leisure Properties by 64.2% in the first quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 213 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Gaming and Leisure Properties in the second quarter valued at $30,000. REAP Financial Group LLC lifted its holdings in shares of Gaming and Leisure Properties by 66.0% in the second quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 264 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in shares of Gaming and Leisure Properties in the first quarter valued at $33,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GLPI. Stifel Nicolaus lowered Gaming and Leisure Properties from a “buy” rating to a “hold” rating and set a $51.25 price objective for the company. in a report on Monday, July 21st. Cantor Fitzgerald began coverage on Gaming and Leisure Properties in a report on Wednesday, October 1st. They set a “neutral” rating and a $51.00 price objective for the company. Mizuho increased their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Royal Bank Of Canada cut their price objective on Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating for the company in a report on Monday, July 28th. Finally, Macquarie cut their price objective on Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating for the company in a report on Monday, July 28th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $52.94.

Insider Activity

In other news, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total value of $139,620.00. Following the sale, the director directly owned 133,953 shares of the company’s stock, valued at approximately $6,234,172.62. This trade represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.26% of the company’s stock.

Gaming and Leisure Properties Trading Down 0.5%

Gaming and Leisure Properties stock opened at $44.81 on Monday. The company has a debt-to-equity ratio of 1.41, a current ratio of 7.39 and a quick ratio of 7.39. The company has a market capitalization of $12.68 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 9.75 and a beta of 0.74. Gaming and Leisure Properties, Inc. has a one year low of $44.21 and a one year high of $52.27. The company’s fifty day moving average price is $46.67 and its two-hundred day moving average price is $46.91.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.01). The business had revenue of $394.90 million for the quarter, compared to analyst estimates of $397.27 million. Gaming and Leisure Properties had a return on equity of 15.43% and a net margin of 46.32%.The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.94 earnings per share. On average, analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 7.0%. The ex-dividend date of this dividend was Friday, September 12th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 120.93%.

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.