Gaming and Leisure Properties, Inc. $GLPI Shares Acquired by Sei Investments Co.

Sei Investments Co. boosted its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 36.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 959,895 shares of the real estate investment trust’s stock after buying an additional 255,486 shares during the quarter. Sei Investments Co. owned approximately 0.34% of Gaming and Leisure Properties worth $42,591,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GLPI. V Square Quantitative Management LLC purchased a new stake in Gaming and Leisure Properties in the 4th quarter worth $29,000. SHP Wealth Management purchased a new stake in Gaming and Leisure Properties during the 4th quarter valued at about $30,000. International Assets Investment Management LLC acquired a new stake in shares of Gaming and Leisure Properties in the fourth quarter valued at approximately $31,000. Blue Trust Inc. acquired a new stake in shares of Gaming and Leisure Properties in the 1st quarter worth $40,000. Finally, Monetary Solutions Ltd purchased a new position in Gaming and Leisure Properties during the fourth quarter worth about $53,000. 91.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total transaction of $144,960.00. Following the sale, the director owned 127,429 shares in the company, valued at $6,157,369.28. This represents a 2.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.11% of the stock is owned by insiders.

Analyst Ratings Changes

GLPI has been the topic of several recent analyst reports. Weiss Ratings lowered Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. JPMorgan Chase & Co. lowered their price objective on shares of Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating for the company in a research report on Tuesday, June 30th. Barclays dropped their target price on shares of Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday. UBS Group set a $49.00 target price on Gaming and Leisure Properties in a research report on Thursday, June 18th. Finally, Wells Fargo & Company decreased their price target on Gaming and Leisure Properties from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 15th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.27.

Gaming and Leisure Properties Price Performance

Gaming and Leisure Properties stock opened at $45.17 on Monday. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties, Inc. has a 52-week low of $41.17 and a 52-week high of $49.95. The firm has a market cap of $12.80 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 2.00 and a beta of 0.66. The company’s 50 day moving average is $45.67 and its two-hundred day moving average is $46.25.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 EPS for the quarter, topping the consensus estimate of $0.76 by $0.06. The business had revenue of $419.99 million during the quarter, compared to the consensus estimate of $417.15 million. Gaming and Leisure Properties had a net margin of 55.56% and a return on equity of 18.06%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.96 earnings per share. On average, research analysts expect that Gaming and Leisure Properties, Inc. will post 4.01 EPS for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend was Friday, June 12th. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. Gaming and Leisure Properties’s payout ratio is presently 104.13%.

Gaming and Leisure Properties Company Profile

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust (REIT) specializing in the ownership and management of gaming and entertainment properties. Established in 2013 as a spin-off from Penn National Gaming, the company was designed to acquire and hold real estate assets associated with casinos, racetracks and other gaming facilities, while leasing those assets back to operating partners under long-term, triple-net lease agreements.

The company’s core activities involve identifying attractive gaming real estate, structuring lease agreements that align tenant incentives with property performance, and actively managing its portfolio to enhance asset value.