Black Swift Group LLC Purchases New Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Black Swift Group LLC purchased a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 4,505 shares of the real estate investment trust’s stock, valued at approximately $217,000.

Other institutional investors have also modified their holdings of the company. Segall Bryant & Hamill LLC bought a new stake in shares of Gaming and Leisure Properties in the 3rd quarter valued at approximately $693,000. Aew Capital Management L P raised its holdings in shares of Gaming and Leisure Properties by 1,786.5% in the fourth quarter. Aew Capital Management L P now owns 761,600 shares of the real estate investment trust’s stock worth $36,679,000 after buying an additional 721,230 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of Gaming and Leisure Properties by 76.1% in the third quarter. Sanctuary Advisors LLC now owns 32,316 shares of the real estate investment trust’s stock worth $1,646,000 after buying an additional 13,965 shares during the period. Zacks Investment Management raised its holdings in shares of Gaming and Leisure Properties by 10.9% in the third quarter. Zacks Investment Management now owns 522,197 shares of the real estate investment trust’s stock worth $26,867,000 after buying an additional 51,398 shares during the period. Finally, Cerity Partners LLC raised its holdings in shares of Gaming and Leisure Properties by 87.5% in the third quarter. Cerity Partners LLC now owns 14,410 shares of the real estate investment trust’s stock worth $741,000 after buying an additional 6,724 shares during the period. 91.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GLPI. JMP Securities reiterated a “market outperform” rating and issued a $55.00 price target on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Royal Bank of Canada reduced their price objective on Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $49.00 to $54.00 in a report on Friday, December 13th. Scotiabank reduced their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and raised their price objective for the stock from $49.00 to $54.00 in a report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $54.04.

Gaming and Leisure Properties Trading Up 1.2 %

Shares of NASDAQ:GLPI opened at $50.40 on Thursday. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $13.85 billion, a PE ratio of 17.56, a P/E/G ratio of 2.01 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 business’s fifty day simple moving average is $48.39 and its 200-day simple moving average is $49.79.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. The firm had revenue of $389.62 million during the quarter, compared to analysts’ expectations of $391.54 million. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. As a group, equities research analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.76 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.03%. Gaming and Leisure Properties’s payout ratio is 105.92%.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,000 shares of Gaming and Leisure Properties stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $49.72, for a total transaction of $248,600.00. Following the completion of the sale, the director now owns 145,953 shares of the company’s stock, valued at approximately $7,256,783.16. The trade was a 3.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Matthew Demchyk sold 17,617 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.40, for a total value of $870,279.80. Following the completion of the transaction, the senior vice president now directly owns 54,140 shares of the company’s stock, valued at approximately $2,674,516. This trade represents a 24.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,161 shares of company stock valued at $2,425,521 in the last quarter. 4.37% of the stock is currently owned by corporate insiders.

About Gaming and Leisure Properties

Gaming & Leisure Properties, Inc engages in acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.