AXS Investments LLC Takes $275,000 Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

AXS Investments LLC purchased a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,578 shares of the real estate investment trust’s stock, valued at approximately $275,000.

A number of other large investors also recently modified their holdings of GLPI. Raleigh Capital Management Inc. increased its holdings in Gaming and Leisure Properties by 3.0% in the third quarter. Raleigh Capital Management Inc. now owns 6,872 shares of the real estate investment trust’s stock valued at $313,000 after purchasing an additional 203 shares during the period. Securian Asset Management Inc. increased its holdings in Gaming and Leisure Properties by 1.3% in the fourth quarter. Securian Asset Management Inc. now owns 22,534 shares of the real estate investment trust’s stock valued at $1,112,000 after purchasing an additional 289 shares during the period. Corient Private Wealth LLC increased its holdings in Gaming and Leisure Properties by 1.9% in the fourth quarter. Corient Private Wealth LLC now owns 17,844 shares of the real estate investment trust’s stock valued at $881,000 after purchasing an additional 327 shares during the period. Foundations Investment Advisors LLC increased its holdings in Gaming and Leisure Properties by 4.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 7,583 shares of the real estate investment trust’s stock valued at $352,000 after purchasing an additional 354 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its holdings in Gaming and Leisure Properties by 0.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 82,533 shares of the real estate investment trust’s stock valued at $3,794,000 after purchasing an additional 387 shares during the period. 91.14% of the stock is currently owned by institutional investors.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang purchased 2,500 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were acquired at an average price of $45.00 per share, with a total value of $112,500.00. Following the transaction, the director now owns 156,685 shares in the company, valued at $7,050,825. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

GLPI has been the subject of a number of recent research reports. Royal Bank of Canada decreased their price objective on Gaming and Leisure Properties from $49.00 to $47.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Scotiabank increased their price target on Gaming and Leisure Properties from $47.00 to $48.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. Wedbush reiterated an “outperform” rating and set a $51.00 price target on shares of Gaming and Leisure Properties in a report on Friday, May 17th. StockNews.com downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. Finally, Stifel Nicolaus increased their price target on Gaming and Leisure Properties from $50.75 to $51.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Gaming and Leisure Properties presently has an average rating of “Moderate Buy” and a consensus target price of $51.46.

Gaming and Leisure Properties Price Performance

GLPI stock opened at $44.65 on Friday. The stock has a market capitalization of $12.12 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 5.25 and a beta of 0.94. The company’s 50-day moving average is $44.42 and its 200-day moving average is $45.71. The company has a debt-to-equity ratio of 1.49, a current ratio of 6.47 and a quick ratio of 6.47. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year high of $50.59.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.26). The company had revenue of $376.00 million for the quarter, compared to the consensus estimate of $368.44 million. Gaming and Leisure Properties had a return on equity of 16.79% and a net margin of 50.05%. Gaming and Leisure Properties’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the company earned $0.92 EPS. Equities research analysts expect that Gaming and Leisure Properties, Inc. will post 3.66 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be given a $0.76 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.04 annualized dividend and a yield of 6.81%. Gaming and Leisure Properties’s payout ratio is 112.18%.

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.