Aureus Asset Management LLC Has $6.10 Million Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Aureus Asset Management LLC lifted its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 0.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,479 shares of the real estate investment trust’s stock after purchasing an additional 396 shares during the period. Aureus Asset Management LLC’s holdings in Gaming and Leisure Properties were worth $6,096,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of GLPI. B. Riley Wealth Advisors Inc. raised its position in shares of Gaming and Leisure Properties by 4.8% during the first quarter. B. Riley Wealth Advisors Inc. now owns 10,286 shares of the real estate investment trust’s stock worth $469,000 after purchasing an additional 470 shares during the period. Cetera Investment Advisers raised its position in shares of Gaming and Leisure Properties by 52.8% during the first quarter. Cetera Investment Advisers now owns 54,504 shares of the real estate investment trust’s stock worth $2,511,000 after purchasing an additional 18,837 shares during the period. GAMMA Investing LLC raised its position in shares of Gaming and Leisure Properties by 41.6% during the second quarter. GAMMA Investing LLC now owns 1,545 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 454 shares during the period. DNB Asset Management AS raised its position in shares of Gaming and Leisure Properties by 2.7% during the second quarter. DNB Asset Management AS now owns 40,644 shares of the real estate investment trust’s stock worth $1,838,000 after purchasing an additional 1,086 shares during the period. Finally, Versant Capital Management Inc raised its position in shares of Gaming and Leisure Properties by 18,500.0% during the second quarter. Versant Capital Management Inc now owns 744 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 740 shares during the period. 91.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $50.39, for a total transaction of $151,170.00. Following the completion of the sale, the director now owns 146,800 shares in the company, valued at approximately $7,397,252. This represents a 2.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.37% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ GLPI opened at $51.61 on Monday. The business’s 50-day moving average price is $50.59 and its two-hundred day moving average price is $48.68. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. Gaming and Leisure Properties, Inc. has a one year low of $41.80 and a one year high of $52.60. The company has a market capitalization of $14.16 billion, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 2.19 and a beta of 0.99.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.25). The company had revenue of $385.34 million for the quarter, compared to the consensus estimate of $385.09 million. Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.92 EPS. Analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.04 annualized dividend and a dividend yield of 5.89%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 106.29%.

Analyst Ratings Changes

Several research analysts recently weighed in on GLPI shares. Stifel Nicolaus upped their price target on Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Raymond James upped their price target on Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a research report on Wednesday, August 21st. Wolfe Research raised Gaming and Leisure Properties from a “peer perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a research report on Friday, August 23rd. Deutsche Bank Aktiengesellschaft raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and upped their price target for the company from $49.00 to $54.00 in a research report on Wednesday, November 20th. Finally, Mizuho dropped their price target on Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.32.

About Gaming and Leisure Properties

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.