Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Bought by RBA Wealth Management LLC

RBA Wealth Management LLC grew its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 5.0% in the first quarter, HoldingsChannel reports. The fund owned 33,422 shares of the real estate investment trust’s stock after buying an additional 1,587 shares during the quarter. RBA Wealth Management LLC’s holdings in Gaming and Leisure Properties were worth $1,540,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in shares of Gaming and Leisure Properties during the 4th quarter valued at about $30,000. EdgeRock Capital LLC acquired a new stake in Gaming and Leisure Properties during the 4th quarter worth approximately $33,000. MCF Advisors LLC increased its position in 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 worth $34,000 after purchasing an additional 600 shares in the last quarter. Mather Group LLC. acquired a new stake in Gaming and Leisure Properties during the 1st quarter worth approximately $42,000. Finally, GAMMA Investing LLC acquired a new stake in Gaming and Leisure Properties during the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GLPI. JMP Securities reissued a “market outperform” rating and set a $53.00 target price on shares of Gaming and Leisure Properties in a research report on Monday, June 17th. Stifel Nicolaus increased their target price on shares of Gaming and Leisure Properties from $50.75 to $51.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Scotiabank upped 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 restated an “outperform” rating and issued a $51.00 price target on shares of Gaming and Leisure Properties in a report on Friday, May 17th. Finally, StockNews.com upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Tuesday. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Gaming and Leisure Properties presently has an average rating of “Moderate Buy” and a consensus target price of $50.33.

Gaming and Leisure Properties Stock Up 0.5 %

Shares of Gaming and Leisure Properties stock traded up $0.20 on Thursday, hitting $44.10. 485,451 shares of the company’s stock traded hands, compared to its average volume of 1,109,296. The stock has a market cap of $11.97 billion, a P/E ratio of 16.27, a PEG ratio of 5.17 and a beta of 0.98. The company has a quick ratio of 6.47, a current ratio of 6.47 and a debt-to-equity ratio of 1.49. The firm’s 50-day moving average is $44.28 and its 200 day moving average is $45.35. Gaming and Leisure Properties, Inc. has a 52-week low of $41.80 and a 52-week high of $50.06.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Friday, April 26th. The real estate investment trust reported $0.64 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.26). The business had revenue of $376.00 million for the quarter, compared to analysts’ expectations of $368.44 million. Gaming and Leisure Properties had a net margin of 50.05% and a return on equity of 16.79%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.92 earnings per share. Equities analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.65 earnings per share 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. Shareholders of record on Friday, June 7th were issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 6.89%. The ex-dividend date was Friday, June 7th. Gaming and Leisure Properties’s dividend payout ratio is presently 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.