Plato Investment Management Ltd Invests $662,000 in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Plato Investment Management Ltd acquired a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,647 shares of the real estate investment trust’s stock, valued at approximately $662,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC bought a new position in shares of Gaming and Leisure Properties during the second quarter valued at approximately $31,000. EdgeRock Capital LLC bought a new position in Gaming and Leisure Properties during the 2nd quarter worth $33,000. MCF Advisors LLC increased its position in Gaming and Leisure Properties by 416.7% in the first quarter. MCF Advisors LLC now owns 744 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 600 shares during the period. Versant Capital Management Inc lifted its stake in Gaming and Leisure Properties by 18,500.0% in the second quarter. Versant Capital Management Inc now owns 744 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 740 shares during the last quarter. Finally, Mather Group LLC. bought a new stake in Gaming and Leisure Properties in the first quarter valued at $42,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,605 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $48.89, for a total transaction of $274,028.45. Following the completion of the sale, the director now directly owns 156,685 shares of the company’s stock, valued at $7,660,329.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director E Scott Urdang sold 5,605 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $48.89, for a total transaction of $274,028.45. Following the sale, the director now owns 156,685 shares in the company, valued at $7,660,329.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Brandon John Moore sold 30,900 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $50.05, for a total transaction of $1,546,545.00. Following the completion of the sale, the chief operating officer now owns 208,977 shares of the company’s stock, valued at approximately $10,459,298.85. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,478 shares of company stock valued at $2,495,429. 4.40% of the stock is owned by corporate insiders.

Gaming and Leisure Properties Stock Down 0.9 %

GLPI stock opened at $51.62 on Monday. The firm has a market cap of $14.01 billion, a PE ratio of 19.05, a P/E/G ratio of 5.47 and a beta of 0.99. Gaming and Leisure Properties, Inc. has a 12 month low of $41.80 and a 12 month high of $52.60. The company has a debt-to-equity ratio of 1.49, a current ratio of 5.91 and a quick ratio of 5.91. The firm has a 50 day simple moving average of $49.68 and a 200 day simple moving average of $46.34.

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

Gaming and Leisure Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a $0.76 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 5.89%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 112.18%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GLPI. Morgan Stanley reaffirmed an “overweight” rating and issued a $53.00 price objective on shares of Gaming and Leisure Properties in a report on Friday, June 21st. Royal Bank of Canada raised their price target on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Stifel Nicolaus increased their price objective on Gaming and Leisure Properties from $52.00 to $52.50 and gave the stock a “buy” rating in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft lifted their target price on 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, Wells Fargo & Company boosted their price target on Gaming and Leisure Properties from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, August 26th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $52.11.

Gaming and Leisure Properties 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.