Mercer Global Advisors Inc. ADV Acquires 6,260 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Mercer Global Advisors Inc. ADV raised its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Get Rating) by 8.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,973 shares of the real estate investment trust’s stock after purchasing an additional 6,260 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Gaming and Leisure Properties were worth $4,270,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Zions Bancorporation N.A. bought a new stake in shares of Gaming and Leisure Properties in the 1st quarter worth about $43,000. CWM LLC lifted its holdings 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 during the last quarter. Guardian Wealth Advisors LLC bought a new stake in shares of Gaming and Leisure Properties in the 3rd quarter worth about $54,000. Belpointe Asset Management LLC bought a new stake in shares of Gaming and Leisure Properties in the 4th quarter worth about $56,000. Finally, Wipfli Financial Advisors LLC bought a new stake in Gaming and Leisure Properties during the 3rd quarter valued at about $68,000. Institutional investors own 90.69% of the company’s stock.

Gaming and Leisure Properties Trading Down 0.8 %

NASDAQ GLPI opened at $49.10 on Friday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market capitalization of $12.88 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 4.70 and a beta of 0.99. The company’s 50-day simple moving average is $51.05 and its two-hundred day simple moving average is $51.65. Gaming and Leisure Properties, Inc. has a one year low of $42.71 and a one year high of $55.13.

Gaming and Leisure Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 24th. Stockholders of record on Friday, March 10th were given a $0.97 dividend. The ex-dividend date of this dividend was Thursday, March 9th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 7.90%. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.71. Gaming and Leisure Properties’s payout ratio is presently 98.97%.

Insider Transactions at Gaming and Leisure Properties

In other news, Director E Scott Urdang acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, March 1st. The shares were purchased at an average price of $53.82 per share, with a total value of $53,820.00. Following the transaction, the director now directly owns 150,132 shares in the company, valued at $8,080,104.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.60% of the company’s stock.

Wall Street Analyst Weigh In

GLPI has been the subject of a number of research analyst reports. Raymond James lifted their price objective on shares of Gaming and Leisure Properties from $55.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, April 6th. JMP Securities reiterated a “market outperform” rating and set a $57.00 price objective on shares of Gaming and Leisure Properties in a report on Tuesday, March 21st. Finally, StockNews.com lowered shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Friday, April 28th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Gaming and Leisure Properties presently has an average rating of “Moderate Buy” and an average price target of $56.80.

Gaming and Leisure Properties Profile

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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.