MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Buys 1,260 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 0.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,253,384 shares of the real estate investment trust’s stock after buying an additional 1,260 shares during the quarter. Gaming and Leisure Properties accounts for approximately 2.1% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s portfolio, making the stock its 11th largest holding. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned about 0.46% of Gaming and Leisure Properties worth $57,743,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raleigh Capital Management Inc. grew its stake in shares of 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 worth $313,000 after purchasing an additional 203 shares during the last quarter. Moody National Bank Trust Division grew its stake in shares of Gaming and Leisure Properties by 1.2% in the first quarter. Moody National Bank Trust Division now owns 19,068 shares of the real estate investment trust’s stock worth $878,000 after purchasing an additional 231 shares during the last quarter. Securian Asset Management Inc. boosted its position in Gaming and Leisure Properties by 1.3% during the 4th quarter. Securian Asset Management Inc. now owns 22,534 shares of the real estate investment trust’s stock valued at $1,112,000 after acquiring an additional 289 shares in the last quarter. Corient Private Wealth LLC boosted its position in Gaming and Leisure Properties by 1.9% during the 4th quarter. Corient Private Wealth LLC now owns 17,844 shares of the real estate investment trust’s stock valued at $881,000 after acquiring an additional 327 shares in the last quarter. Finally, Foundations Investment Advisors LLC boosted its position in Gaming and Leisure Properties by 4.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 7,583 shares of the real estate investment trust’s stock valued at $352,000 after acquiring an additional 354 shares in the last quarter. 91.14% of the stock is owned by institutional investors.

Gaming and Leisure Properties Stock Down 0.5 %

NASDAQ GLPI traded down $0.24 during mid-day trading on Tuesday, reaching $43.90. The stock had a trading volume of 1,232,747 shares, compared to its average volume of 1,328,947. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year high of $50.06. The stock has a market cap of $11.92 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 5.32 and a beta of 0.98. The company has a fifty day moving average price of $44.26 and a 200 day moving average price of $45.39. 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 (NASDAQ:GLPI) last announced its earnings results on Friday, April 26th. The real estate investment trust reported $0.64 earnings per share 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 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%. Gaming and Leisure Properties’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 earnings per share. On average, research analysts expect that Gaming and Leisure Properties, Inc. will post 3.65 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were paid a dividend of $0.76 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $3.04 dividend on an annualized basis and a yield of 6.92%. Gaming and Leisure Properties’s dividend payout ratio is presently 112.18%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. JMP Securities reaffirmed a “market outperform” rating and set a $53.00 price objective on shares of Gaming and Leisure Properties in a research report on Monday, June 17th. Wedbush reaffirmed an “outperform” rating and set a $51.00 price objective on shares of Gaming and Leisure Properties in a research report on Friday, May 17th. Scotiabank lifted their price objective on Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a “sector perform” rating in a research report on Thursday, May 16th. Morgan Stanley reaffirmed an “overweight” rating and set a $53.00 price objective on shares of Gaming and Leisure Properties in a research report on Friday, June 21st. Finally, Stifel Nicolaus lifted their target price on shares of Gaming and Leisure Properties from $50.75 to $51.00 and gave the company a “buy” rating in a report on Friday, May 17th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $50.33.

Gaming and Leisure Properties 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.