Marshall Financial Group LLC Has $1.08 Million Stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

by · The Cerbat Gem

Marshall Financial Group LLC boosted its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Free Report) by 1.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,917 shares of the real estate investment trust’s stock after purchasing an additional 289 shares during the period. Marshall Financial Group LLC’s holdings in Gaming and Leisure Properties were worth $1,076,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in shares of Gaming and Leisure Properties by 12.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 14,843 shares of the real estate investment trust’s stock valued at $733,000 after buying an additional 1,605 shares during the period. HighPoint Advisor Group LLC acquired a new stake in shares of Gaming and Leisure Properties in the 4th quarter valued at $234,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Gaming and Leisure Properties in the 4th quarter valued at $64,000. Mather Group LLC. acquired a new stake in shares of Gaming and Leisure Properties in the 1st quarter valued at $42,000. Finally, BTC Capital Management Inc. acquired a new stake in shares of Gaming and Leisure Properties in the 1st quarter valued at $210,000. 91.14% of the stock is owned by institutional investors and hedge funds.

Gaming and Leisure Properties Stock Performance

Shares of Gaming and Leisure Properties stock opened at $50.97 on Friday. The firm has a market cap of $13.84 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 5.34 and a beta of 0.99. The stock’s 50-day moving average is $50.91 and its 200-day moving average is $47.23. 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 debt-to-equity ratio of 1.49, a current ratio of 5.91 and a quick ratio of 5.91.

Gaming and Leisure Properties (NASDAQ:GLPI – Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $380.60 million during the quarter, compared to the consensus estimate of $377.95 million. Gaming and Leisure Properties had a net margin of 52.79% and a return on equity of 17.60%. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 earnings per share. Equities analysts predict 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 company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.76 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 5.96%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 112.18%.

Wall Street Analysts Forecast Growth

GLPI has been the subject of several research reports. Wells Fargo & Company reissued an “equal weight” rating and issued a $52.00 target price (up from $51.00) on shares of Gaming and Leisure Properties in a research note on Tuesday, October 1st. Raymond James raised their price target on Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Wolfe Research upgraded 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. StockNews.com upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Friday, July 19th. Finally, JMP Securities raised their price target on Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Monday, August 12th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $52.18.

Read Our Latest Stock Report on GLPI

Insider Activity

In other news, COO Brandon John Moore sold 30,900 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $50.05, for a total value of $1,546,545.00. Following the sale, the chief operating officer now directly owns 208,977 shares in the company, valued at $10,459,298.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Desiree A. Burke sold 12,973 shares of Gaming and Leisure Properties stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $52.02, for a total value of $674,855.46. Following the sale, the chief financial officer now owns 108,073 shares of the company’s stock, valued at approximately $5,621,957.46. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Brandon John Moore sold 30,900 shares of Gaming and Leisure Properties stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $50.05, for a total value of $1,546,545.00. Following the completion of the sale, the chief operating officer now directly owns 208,977 shares in the company, valued at approximately $10,459,298.85. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,478 shares of company stock worth $2,495,429 over the last three months. Corporate insiders own 4.40% of the company’s stock.

About Gaming and Leisure Properties

(Free Report)

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.

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