Capital Group Private Client Services Inc. Has $7.75 Million Stock Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Capital Group Private Client Services Inc. lifted its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPIGet Rating) by 4.4% during the 1st quarter, HoldingsChannel reports. The fund owned 165,050 shares of the real estate investment trust’s stock after buying an additional 6,914 shares during the period. Capital Group Private Client Services Inc.’s holdings in Gaming and Leisure Properties were worth $7,746,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Highland Capital Management LLC grew its stake in shares of Gaming and Leisure Properties by 0.7% in the first quarter. Highland Capital Management LLC now owns 99,780 shares of the real estate investment trust’s stock worth $4,683,000 after acquiring an additional 660 shares during the last quarter. Legal & General Group Plc boosted its stake in Gaming and Leisure Properties by 2.7% during the fourth quarter. Legal & General Group Plc now owns 1,488,729 shares of the real estate investment trust’s stock worth $72,441,000 after buying an additional 38,521 shares in the last quarter. Chartwell Investment Partners LLC boosted its stake in Gaming and Leisure Properties by 48.6% during the first quarter. Chartwell Investment Partners LLC now owns 107,000 shares of the real estate investment trust’s stock worth $5,022,000 after buying an additional 35,000 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Gaming and Leisure Properties by 17.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 795,297 shares of the real estate investment trust’s stock worth $38,699,000 after buying an additional 119,140 shares in the last quarter. Finally, CWM LLC boosted its stake in Gaming and Leisure Properties by 76.3% during the first quarter. CWM LLC now owns 663 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 287 shares in the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

Gaming and Leisure Properties Price Performance

Shares of GLPI stock opened at $49.98 on Friday. The stock’s fifty day moving average is $50.11 and its 200-day moving average is $47.17. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.07 and a current ratio of 0.07. Gaming and Leisure Properties, Inc. has a 52 week low of $41.81 and a 52 week high of $52.87. The stock has a market capitalization of $12.77 billion, a PE ratio of 22.51, a PEG ratio of 2.91 and a beta of 1.01.

Gaming and Leisure Properties (NASDAQ:GLPIGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.27). Gaming and Leisure Properties had a return on equity of 16.30% and a net margin of 43.54%. The company had revenue of $326.40 million for the quarter, compared to the consensus estimate of $325.40 million. During the same period in the prior year, the company earned $0.87 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. Equities research analysts expect that Gaming and Leisure Properties, Inc. will post 3.47 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be paid a $0.705 dividend. The ex-dividend date is Thursday, September 15th. This represents a $2.82 annualized dividend and a dividend yield of 5.64%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 127.03%.

Analyst Ratings Changes

GLPI has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Gaming and Leisure Properties from $57.00 to $62.00 in a research note on Monday, August 1st. Citigroup boosted their price target on Gaming and Leisure Properties to $59.00 in a research note on Monday, August 22nd. Morgan Stanley increased their price objective on Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 20th. Raymond James boosted their target price on shares of Gaming and Leisure Properties from $54.00 to $56.00 and gave the company a “strong-buy” rating in a research note on Friday, July 8th. Finally, Mizuho increased their target price on shares of Gaming and Leisure Properties from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $55.50.

Insider Transactions at Gaming and Leisure Properties

In related news, EVP Brandon John Moore sold 3,000 shares of Gaming and Leisure Properties stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $52.00, for a total value of $156,000.00. Following the completion of the sale, the executive vice president now directly owns 185,993 shares in the company, valued at $9,671,636. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 4.60% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties Profile

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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.

See Also

Want to see what other hedge funds are holding GLPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gaming and Leisure Properties, Inc. (NASDAQ:GLPIGet Rating).

Institutional Ownership by Quarter for Gaming and Leisure Properties (NASDAQ:GLPI)

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