AXS Investments LLC Invests $275,000 in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

AXS Investments LLC bought a new position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,578 shares of the real estate investment trust’s stock, valued at approximately $275,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GLPI. NBC Securities Inc. bought a new position in shares of Gaming and Leisure Properties in the third quarter worth approximately $337,000. Retirement Systems of Alabama lifted its position in Gaming and Leisure Properties by 505.3% during the third quarter. Retirement Systems of Alabama now owns 570,235 shares of the real estate investment trust’s stock valued at $25,974,000 after purchasing an additional 476,035 shares during the period. Donoghue Forlines LLC lifted its position in Gaming and Leisure Properties by 22.8% during the third quarter. Donoghue Forlines LLC now owns 11,072 shares of the real estate investment trust’s stock valued at $504,000 after purchasing an additional 2,057 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Gaming and Leisure Properties by 6.4% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 272,132 shares of the real estate investment trust’s stock valued at $12,396,000 after purchasing an additional 16,412 shares during the period. Finally, abrdn plc lifted its position in Gaming and Leisure Properties by 15.3% during the third quarter. abrdn plc now owns 1,542,239 shares of the real estate investment trust’s stock valued at $70,249,000 after purchasing an additional 204,394 shares during the period. Institutional investors own 91.14% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on GLPI shares. Wedbush restated an “outperform” rating and set a $51.00 price objective on shares of Gaming and Leisure Properties in a research report on Friday, May 17th. Mizuho lowered their price objective on shares of Gaming and Leisure Properties from $47.00 to $46.00 and set a “neutral” rating on the stock in a research report on Friday, May 10th. Morgan Stanley lowered their price objective on shares of 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. Scotiabank increased their price objective on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a “sector perform” rating in a research report on Thursday, May 16th. Finally, Royal Bank of Canada lowered their price objective on shares of Gaming and Leisure Properties from $49.00 to $47.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and an average target price of $51.46.

Insider Activity

In other news, Director E Scott Urdang acquired 2,500 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were purchased at an average cost of $45.00 per share, for a total transaction of $112,500.00. Following the transaction, the director now directly owns 156,685 shares of the company’s stock, valued at $7,050,825. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 4.40% of the company’s stock.

Gaming and Leisure Properties Trading Up 0.3 %

Shares of Gaming and Leisure Properties stock opened at $44.65 on Friday. The company’s fifty day simple moving average is $44.42 and its 200-day simple moving average is $45.71. The stock has a market capitalization of $12.12 billion, a PE ratio of 16.48, a P/E/G ratio of 5.25 and a beta of 0.94. Gaming and Leisure Properties, Inc. has a 1-year low of $41.80 and a 1-year high of $50.59. The company has a debt-to-equity ratio of 1.49, a current ratio of 6.47 and a quick ratio of 6.47.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly 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 analysts’ expectations of $368.44 million. Gaming and Leisure Properties had a return on equity of 16.79% and a net margin of 50.05%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.92 EPS. As a group, equities analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.66 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be given a dividend of $0.76 per share. The ex-dividend date is Friday, June 7th. This represents a $3.04 annualized dividend and a dividend yield of 6.81%. Gaming and Leisure Properties’s payout ratio is 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.