Yousif Capital Management LLC Purchases 2,263 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Yousif Capital Management LLC boosted its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 135,050 shares of the real estate investment trust’s stock after acquiring an additional 2,263 shares during the period. Yousif Capital Management LLC owned 0.05% of Gaming and Leisure Properties worth $6,665,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in GLPI. Operose Advisors LLC bought a new position in Gaming and Leisure Properties in the third quarter valued at about $32,000. GAMMA Investing LLC bought a new position in Gaming and Leisure Properties during the fourth quarter worth about $51,000. Armstrong Advisory Group Inc. boosted its holdings in Gaming and Leisure Properties by 166.2% during the fourth quarter. Armstrong Advisory Group Inc. now owns 1,203 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 751 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in Gaming and Leisure Properties during the third quarter worth about $79,000. Finally, CWM LLC boosted its holdings in Gaming and Leisure Properties by 38.7% during the third quarter. CWM LLC now owns 1,954 shares of the real estate investment trust’s stock worth $89,000 after buying an additional 545 shares during the last quarter. Institutional investors own 91.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. StockNews.com raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th. Mizuho dropped their price target on Gaming and Leisure Properties from $50.00 to $47.00 and set a “neutral” rating on the stock in a research report on Thursday, March 7th. JMP Securities reaffirmed a “market outperform” rating and set a $53.00 price target on shares of Gaming and Leisure Properties in a research report on Monday, March 4th. Morgan Stanley dropped their target price on Gaming and Leisure Properties from $55.00 to $53.00 and set an “overweight” rating on the stock in a research report on Thursday, March 21st. Finally, Royal Bank of Canada dropped their target price on Gaming and Leisure Properties from $50.00 to $49.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $52.09.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ GLPI opened at $43.99 on Thursday. The company has a current ratio of 7.41, a quick ratio of 7.41 and a debt-to-equity ratio of 1.48. Gaming and Leisure Properties, Inc. has a 12 month low of $41.80 and a 12 month high of $52.31. The stock has a 50 day moving average of $44.95 and a 200-day moving average of $45.94. The company has a market capitalization of $11.94 billion, a P/E ratio of 15.69, a P/E/G ratio of 5.44 and a beta of 0.94.

Gaming and Leisure Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.76 per share. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.73. This represents a $3.04 annualized dividend and a dividend yield of 6.91%. The ex-dividend date of this dividend was Thursday, March 14th. Gaming and Leisure Properties’s payout ratio is currently 109.75%.

Insider Transactions at Gaming and Leisure Properties

In other news, Director E Scott Urdang purchased 2,500 shares of Gaming and Leisure Properties stock in a transaction that occurred on Friday, March 1st. The stock was acquired at an average cost of $45.00 per share, for a total transaction of $112,500.00. Following the purchase, the director now directly owns 156,685 shares of the company’s stock, valued at approximately $7,050,825. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.40% of the stock is currently owned by corporate insiders.

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.