Pure Financial Advisors LLC Has $407,000 Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Pure Financial Advisors LLC boosted its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,455 shares of the real estate investment trust’s stock after purchasing an additional 500 shares during the period. Pure Financial Advisors LLC’s holdings in Gaming and Leisure Properties were worth $407,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its stake in Gaming and Leisure Properties by 11.4% in the 2nd quarter. American Century Companies Inc. now owns 92,646 shares of the real estate investment trust’s stock valued at $4,189,000 after buying an additional 9,476 shares in the last quarter. AE Wealth Management LLC boosted its stake in shares of Gaming and Leisure Properties by 6.7% in the 2nd quarter. AE Wealth Management LLC now owns 8,076 shares of the real estate investment trust’s stock valued at $365,000 after purchasing an additional 508 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Gaming and Leisure Properties by 23.8% in the 2nd quarter. Pacer Advisors Inc. now owns 49,852 shares of the real estate investment trust’s stock worth $2,254,000 after purchasing an additional 9,568 shares during the last quarter. Sei Investments Co. increased its position in shares of Gaming and Leisure Properties by 11.4% during the 2nd quarter. Sei Investments Co. now owns 539,593 shares of the real estate investment trust’s stock worth $24,395,000 after purchasing an additional 55,385 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Gaming and Leisure Properties by 578.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 692 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 590 shares during the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Gaming and Leisure Properties

In other news, COO Brandon John Moore sold 3,982 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total value of $190,498.88. Following the completion of the transaction, the chief operating officer now owns 278,634 shares of the company’s stock, valued at $13,329,850.56. The trade was a 1.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director E Scott Urdang sold 6,885 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $50.16, for a total value of $345,351.60. Following the sale, the director now directly owns 149,800 shares in the company, valued at $7,513,968. The trade was a 4.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,016 shares of company stock worth $741,943 in the last ninety days. Company insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Price Performance

Shares of GLPI stock opened at $49.15 on Wednesday. The firm’s 50 day moving average price is $48.93 and its two-hundred day moving average price is $49.72. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. Gaming and Leisure Properties, Inc. has a 52-week low of $41.80 and a 52-week high of $52.60. The stock has a market cap of $13.49 billion, a PE ratio of 17.19, a PEG ratio of 1.96 and a beta of 0.99.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.25). Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. The company had revenue of $385.34 million during the quarter, compared to the consensus estimate of $385.09 million. During the same quarter in the prior year, the business earned $0.92 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, analysts forecast that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.76 per share. The ex-dividend date was Friday, December 6th. This represents a $3.04 annualized dividend and a dividend yield of 6.19%. Gaming and Leisure Properties’s payout ratio is currently 106.29%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $55.00 price objective on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $52.00 price target (up from $51.00) on shares of Gaming and Leisure Properties in a report on Tuesday, October 1st. Mizuho reduced their price objective on Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Stifel Nicolaus raised their target price on Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Scotiabank reduced their price target on shares of 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. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $53.93.

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.