Lasalle Investment Management Securities LLC Grows Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Lasalle Investment Management Securities LLC boosted its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 1.5% in the 1st quarter, Holdings Channel reports. The fund owned 1,479,756 shares of the real estate investment trust’s stock after purchasing an additional 21,667 shares during the period. Gaming and Leisure Properties makes up about 2.8% of Lasalle Investment Management Securities LLC’s investment portfolio, making the stock its 13th biggest position. Lasalle Investment Management Securities LLC’s holdings in Gaming and Leisure Properties were worth $68,172,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in Gaming and Leisure Properties in the 4th quarter worth approximately $30,000. EdgeRock Capital LLC purchased a new stake in shares of Gaming and Leisure Properties during the 4th quarter valued at $33,000. MCF Advisors LLC grew its stake in shares of Gaming and Leisure Properties by 416.7% during the 1st quarter. MCF Advisors LLC now owns 744 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 600 shares during the period. Mather Group LLC. purchased a new stake in shares of Gaming and Leisure Properties during the 1st quarter valued at $42,000. Finally, Larson Financial Group LLC grew its stake in shares of Gaming and Leisure Properties by 1,587.3% during the 1st quarter. Larson Financial Group LLC now owns 1,063 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 1,000 shares during the period. 91.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, insider Desiree A. Burke 3,394 shares of the firm’s stock in a transaction dated Monday, July 29th. The was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.40% of the company’s stock.

Gaming and Leisure Properties Stock Up 0.8 %

Shares of Gaming and Leisure Properties stock traded up $0.37 during trading on Friday, reaching $49.49. The company had a trading volume of 1,734,737 shares, compared to its average volume of 1,458,572. The company has a market cap of $13.58 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 5.14 and a beta of 0.98. The firm’s fifty day moving average is $45.86 and its 200-day moving average is $45.29. The company has a debt-to-equity ratio of 1.49, a quick ratio of 5.91 and a current ratio of 5.91. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $50.74.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.15). Gaming and Leisure Properties had a net margin of 52.79% and a return on equity of 17.60%. The company had revenue of $380.60 million during the quarter, compared to analyst estimates of $377.95 million. During the same quarter last year, the company posted $0.92 EPS. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.14%. The ex-dividend date was Friday, June 7th. Gaming and Leisure Properties’s dividend payout ratio is presently 112.18%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GLPI. Morgan Stanley reissued an “overweight” rating and set a $53.00 price objective on shares of Gaming and Leisure Properties in a research note on Friday, June 21st. JMP Securities reissued a “market outperform” rating and set a $53.00 price objective on shares of Gaming and Leisure Properties in a research note on Monday, July 15th. StockNews.com raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Finally, Wedbush reissued an “outperform” rating and set a $51.00 price objective on shares of Gaming and Leisure Properties in a research note on Friday, May 17th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $51.21.

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.