Machina Capital S.A.S. Makes New $304,000 Investment in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Machina Capital S.A.S. purchased a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 6,160 shares of the real estate investment trust’s stock, valued at approximately $304,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in Gaming and Leisure Properties in the 4th quarter valued at approximately $2,501,000. GraniteShares Advisors LLC purchased a new stake in shares of Gaming and Leisure Properties in the 4th quarter valued at $1,473,000. Pacer Advisors Inc. raised its holdings in shares of Gaming and Leisure Properties by 107.4% in the 4th quarter. Pacer Advisors Inc. now owns 45,803 shares of the real estate investment trust’s stock valued at $2,260,000 after buying an additional 23,722 shares during the period. Signature Wealth Management Group acquired a new position in Gaming and Leisure Properties during the 4th quarter worth about $3,944,000. Finally, Louisiana State Employees Retirement System purchased a new position in Gaming and Leisure Properties during the 4th quarter valued at about $3,701,000. 91.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on GLPI shares. Royal Bank of Canada dropped their price objective on shares of Gaming and Leisure Properties from $49.00 to $47.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Morgan Stanley dropped their price target on shares of Gaming and Leisure Properties from $55.00 to $53.00 and set an “overweight” rating for the company in a research note on Thursday, March 21st. 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, March 4th. StockNews.com lowered Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Mizuho cut their price target on Gaming and Leisure Properties from $50.00 to $47.00 and set a “neutral” rating on the stock in a report on Thursday, March 7th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $51.91.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang acquired 2,500 shares of the company’s stock in a transaction on Friday, March 1st. The shares were bought at an average price of $45.00 per share, with a total value of $112,500.00. Following the completion of the acquisition, the director now owns 156,685 shares in the company, valued at approximately $7,050,825. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.40% of the company’s stock.

Gaming and Leisure Properties Stock Up 1.3 %

NASDAQ GLPI traded up $0.55 during trading on Tuesday, reaching $44.20. 1,843,955 shares of the company’s stock were exchanged, compared to its average volume of 1,429,900. The company has a 50 day moving average price of $44.59 and a two-hundred day moving average price of $45.73. The stock has a market cap of $12.00 billion, a P/E ratio of 16.11, a price-to-earnings-growth ratio of 5.08 and a beta of 0.95. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year high of $51.43. The company has a debt-to-equity ratio of 1.49, a quick ratio of 6.47 and a current ratio of 6.47.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Friday, April 26th. The real estate investment trust reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.26). The business had revenue of $376.00 million for the quarter, compared to analyst estimates of $368.44 million. Gaming and Leisure Properties had a return on equity of 16.79% and a net margin of 50.05%. Gaming and Leisure Properties’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the business posted $0.92 EPS. On average, equities research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.66 EPS for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.76 dividend. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.04 annualized dividend and a dividend yield of 6.88%. Gaming and Leisure Properties’s dividend payout ratio is presently 112.18%.

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.