New Age Alpha Advisors LLC Makes New $4.86 Million Investment in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

New Age Alpha Advisors LLC purchased a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 101,000 shares of the real estate investment trust’s stock, valued at approximately $4,864,000.

Several other hedge funds and other institutional investors also recently modified their holdings of GLPI. Franklin Resources Inc. raised its position in Gaming and Leisure Properties by 7.8% during the third quarter. Franklin Resources Inc. now owns 12,259,224 shares of the real estate investment trust’s stock valued at $641,059,000 after purchasing an additional 889,698 shares in the last quarter. State Street Corp raised its holdings in shares of Gaming and Leisure Properties by 1.4% during the 3rd quarter. State Street Corp now owns 12,135,195 shares of the real estate investment trust’s stock valued at $624,356,000 after buying an additional 162,484 shares in the last quarter. Geode Capital Management LLC lifted its position in Gaming and Leisure Properties by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 6,080,860 shares of the real estate investment trust’s stock worth $312,316,000 after buying an additional 161,689 shares during the last quarter. Jennison Associates LLC boosted its stake in Gaming and Leisure Properties by 5.2% in the fourth quarter. Jennison Associates LLC now owns 4,287,118 shares of the real estate investment trust’s stock worth $206,468,000 after buying an additional 211,657 shares in the last quarter. Finally, Norges Bank bought a new position in Gaming and Leisure Properties during the fourth quarter valued at approximately $176,123,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GLPI. JMP Securities reaffirmed a “market outperform” rating and issued a $55.00 price objective on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Barclays lowered their target price on Gaming and Leisure Properties from $55.00 to $53.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 4th. Wells Fargo & Company increased their price target on shares of Gaming and Leisure Properties from $50.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, March 10th. Scotiabank cut 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 research report on Thursday, January 16th. Finally, Morgan Stanley cut shares of Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price target on the stock. in a research report on Wednesday, January 15th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Gaming and Leisure Properties presently has an average rating of “Moderate Buy” and a consensus target price of $53.96.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 1,903 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $51.99, for a total transaction of $98,936.97. Following the transaction, the senior vice president now owns 41,298 shares in the company, valued at approximately $2,147,083.02. This represents a 4.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director E Scott Urdang sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $50.89, for a total transaction of $254,450.00. Following the sale, the director now directly owns 140,953 shares in the company, valued at approximately $7,173,098.17. The trade was a 3.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,064 shares of company stock valued at $2,778,908. Corporate insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI opened at $50.40 on Friday. The company has a market capitalization of $13.85 billion, a PE ratio of 17.56, a PEG ratio of 2.01 and a beta of 1.00. The business has a fifty day moving average price of $49.49 and a 200-day moving average price of $49.73. Gaming and Leisure Properties, Inc. has a 1-year low of $41.80 and a 1-year high of $52.60. 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 (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. The business had revenue of $389.62 million during the quarter, compared to analyst estimates of $391.54 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. As a group, equities analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.76 per share. The ex-dividend date was Friday, March 14th. This represents a $3.04 annualized dividend and a yield of 6.03%. Gaming and Leisure Properties’s dividend payout ratio is 105.92%.

About Gaming and Leisure Properties

Gaming & Leisure Properties, Inc engages in the provision of 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.