Victory Capital Management Inc. Has $31.21 Million Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Victory Capital Management Inc. raised its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 1.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 632,358 shares of the real estate investment trust’s stock after acquiring an additional 11,595 shares during the period. Victory Capital Management Inc. owned about 0.24% of Gaming and Leisure Properties worth $31,207,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in shares of Gaming and Leisure Properties in the fourth quarter worth $30,000. Operose Advisors LLC acquired a new stake in Gaming and Leisure Properties in the 3rd quarter valued at $32,000. GAMMA Investing LLC bought a new stake in Gaming and Leisure Properties during the 4th quarter worth about $51,000. Armstrong Advisory Group Inc. boosted its stake in shares of Gaming and Leisure Properties by 166.2% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,203 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 751 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in shares of Gaming and Leisure Properties in the 3rd quarter valued at about $79,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GLPI shares. JMP Securities reiterated a “market outperform” rating and set a $53.00 target price on shares of Gaming and Leisure Properties in a report on Monday, March 4th. StockNews.com cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Royal Bank of Canada decreased their target price on shares of Gaming and Leisure Properties from $49.00 to $47.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Morgan Stanley dropped their price target on shares of Gaming and Leisure Properties from $55.00 to $53.00 and set an “overweight” rating on the stock in a research report on Thursday, March 21st. Finally, Mizuho decreased their price objective on shares of Gaming and Leisure Properties from $50.00 to $47.00 and set a “neutral” rating for the company in a research report on Thursday, March 7th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Gaming and Leisure Properties currently has an average rating of “Moderate Buy” and an average target price of $51.91.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang acquired 2,500 shares of the business’s stock in a transaction on Friday, March 1st. The stock was purchased at an average price of $45.00 per share, with a total value of $112,500.00. Following the acquisition, the director now directly owns 156,685 shares of the company’s stock, valued at approximately $7,050,825. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.40% of the stock is owned by insiders.

Gaming and Leisure Properties Stock Up 1.3 %

Gaming and Leisure Properties stock opened at $44.20 on Wednesday. The company’s 50-day moving average price is $44.58 and its two-hundred day moving average price is $45.72. The company has a quick ratio of 6.47, a current ratio of 6.47 and a debt-to-equity ratio of 1.49. The stock has a market cap of $12.00 billion, a P/E ratio of 16.31, a P/E/G ratio of 5.08 and a beta of 0.95. Gaming and Leisure Properties, Inc. has a twelve month low of $41.80 and a twelve month high of $51.43.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Friday, April 26th. The real estate investment trust reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.26). Gaming and Leisure Properties had a return on equity of 16.79% and a net margin of 50.05%. The firm had revenue of $376.00 million for the quarter, compared to the consensus estimate of $368.44 million. During the same quarter last year, the business posted $0.92 EPS. Gaming and Leisure Properties’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, analysts expect that Gaming and Leisure Properties, Inc. will post 3.66 EPS for the current year.

Gaming and Leisure Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.76 dividend. The ex-dividend date was Thursday, March 14th. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.73. This represents a $3.04 annualized dividend and a dividend yield of 6.88%. Gaming and Leisure Properties’s dividend payout ratio is 112.18%.

Gaming and Leisure Properties Company Profile

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.