Marshall Financial Group LLC Has $1.16 Million Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Marshall Financial Group LLC raised its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 6.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,725 shares of the real estate investment trust’s stock after purchasing an additional 1,297 shares during the period. Marshall Financial Group LLC’s holdings in Gaming and Leisure Properties were worth $1,157,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of GLPI. Stonebridge Financial Group LLC acquired a new position in shares of Gaming and Leisure Properties in the 4th quarter valued at $31,000. Quarry LP raised its stake in Gaming and Leisure Properties by 52.5% during the 4th quarter. Quarry LP now owns 979 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 337 shares during the period. Bessemer Group Inc. lifted its holdings in Gaming and Leisure Properties by 149.8% during the fourth quarter. Bessemer Group Inc. now owns 1,029 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 617 shares in the last quarter. Park Square Financial Group LLC bought a new position in Gaming and Leisure Properties during the fourth quarter worth about $52,000. Finally, Parvin Asset Management LLC acquired a new position in Gaming and Leisure Properties in the fourth quarter valued at about $53,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ GLPI opened at $47.41 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. The stock has a 50 day moving average price of $47.24 and a 200 day moving average price of $48.49. The stock has a market capitalization of $13.03 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 2.01 and a beta of 0.72. Gaming and Leisure Properties, Inc. has a 52 week low of $43.06 and a 52 week high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.96. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. The company had revenue of $395.24 million for the quarter, compared to analysts’ expectations of $396.27 million. During the same quarter in the prior year, the business posted $0.92 EPS. The business’s revenue was up 5.1% compared to the same quarter last year. Analysts predict 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. Stockholders of record on Friday, June 13th will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, June 13th. 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 dividend yield of 6.58%. Gaming and Leisure Properties’s payout ratio is currently 111.03%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Scotiabank cut their price objective on Gaming and Leisure Properties from $49.00 to $48.00 and set a “sector perform” rating on the stock in a report on Monday, May 12th. Mizuho raised their target price on shares of Gaming and Leisure Properties from $51.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, April 3rd. Barclays lifted their price target on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 22nd. Wells Fargo & Company lowered their price objective on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set an “equal weight” rating for the company in a research report on Monday, June 2nd. Finally, Macquarie restated an “outperform” rating and set a $60.00 price objective on shares of Gaming and Leisure Properties in a report on Friday, April 25th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.50.

Gaming and Leisure Properties 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.