Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Purchased by Entropy Technologies LP

Entropy Technologies LP increased its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 180.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 109,963 shares of the real estate investment trust’s stock after purchasing an additional 70,720 shares during the quarter. Gaming and Leisure Properties accounts for about 0.5% of Entropy Technologies LP’s investment portfolio, making the stock its 29th largest holding. Entropy Technologies LP’s holdings in Gaming and Leisure Properties were worth $5,066,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GLPI. Vanguard Group Inc. increased its position in Gaming and Leisure Properties by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 37,572,599 shares of the real estate investment trust’s stock worth $1,711,432,000 after purchasing an additional 555,332 shares in the last quarter. Sound Income Strategies LLC increased its position in Gaming and Leisure Properties by 8.4% during the 4th quarter. Sound Income Strategies LLC now owns 195,063 shares of the real estate investment trust’s stock worth $9,626,000 after purchasing an additional 15,165 shares in the last quarter. Marshall Financial Group LLC boosted its holdings in Gaming and Leisure Properties by 8.7% in the 4th quarter. Marshall Financial Group LLC now owns 17,299 shares of the real estate investment trust’s stock worth $854,000 after acquiring an additional 1,384 shares during the period. SG Americas Securities LLC boosted its holdings in Gaming and Leisure Properties by 559.5% in the 4th quarter. SG Americas Securities LLC now owns 36,825 shares of the real estate investment trust’s stock worth $1,817,000 after acquiring an additional 31,241 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Gaming and Leisure Properties by 4.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 71,022 shares of the real estate investment trust’s stock worth $3,505,000 after acquiring an additional 3,105 shares during the period. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Performance

Shares of GLPI stock traded up $0.01 on Wednesday, hitting $49.22. 1,909,098 shares of the stock traded hands, compared to its average volume of 1,325,205. The company has a debt-to-equity ratio of 1.49, a current ratio of 6.47 and a quick ratio of 6.47. The company has a market capitalization of $13.36 billion, a PE ratio of 18.16, a PEG ratio of 5.79 and a beta of 0.98. Gaming and Leisure Properties, Inc. has a 1-year low of $41.80 and a 1-year high of $50.06. The company’s fifty day moving average is $44.93 and its 200 day moving average is $45.20.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.26). The firm had revenue of $376.00 million for the quarter, compared to analyst estimates 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 revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 earnings per share. On average, equities research analysts predict that Gaming and Leisure Properties, Inc. will post 3.66 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 6.18%. The ex-dividend date was Friday, June 7th. Gaming and Leisure Properties’s dividend payout ratio is presently 112.18%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on GLPI shares. Royal Bank of Canada upped their price target on Gaming and Leisure Properties from $47.00 to $52.00 and gave the stock an “outperform” rating in a report on Monday. JMP Securities restated a “market outperform” rating and issued a $53.00 price target on shares of Gaming and Leisure Properties in a report on Monday. Wedbush reiterated an “outperform” rating and set a $51.00 target price on shares of Gaming and Leisure Properties in a research note on Friday, May 17th. Morgan Stanley reiterated an “overweight” rating and set a $53.00 target price on shares of Gaming and Leisure Properties in a research note on Friday, June 21st. Finally, Stifel Nicolaus increased their target price on Gaming and Leisure Properties from $50.75 to $51.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $51.27.

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.