Foundations Investment Advisors LLC Sells 1,435 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Foundations Investment Advisors LLC lowered its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 17.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,727 shares of the real estate investment trust’s stock after selling 1,435 shares during the period. Foundations Investment Advisors LLC’s holdings in Gaming and Leisure Properties were worth $342,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Dodge & Cox boosted its holdings in Gaming and Leisure Properties by 75.3% in the fourth quarter. Dodge & Cox now owns 13,498,634 shares of the real estate investment trust’s stock valued at $650,094,000 after acquiring an additional 5,797,299 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Gaming and Leisure Properties by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 6,245,884 shares of the real estate investment trust’s stock valued at $300,395,000 after buying an additional 165,024 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Gaming and Leisure Properties by 48.2% during the 4th quarter. Northern Trust Corp now owns 2,873,006 shares of the real estate investment trust’s stock valued at $138,364,000 after buying an additional 933,842 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Gaming and Leisure Properties by 5.9% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,717,787 shares of the real estate investment trust’s stock valued at $87,435,000 after buying an additional 96,060 shares in the last quarter. Finally, Ninety One UK Ltd boosted its holdings in shares of Gaming and Leisure Properties by 12.0% during the 1st quarter. Ninety One UK Ltd now owns 1,562,643 shares of the real estate investment trust’s stock valued at $79,539,000 after buying an additional 167,531 shares in the last quarter. Institutional investors own 91.14% of the company’s stock.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the business’s stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $46.58, for a total value of $186,320.00. Following the completion of the transaction, the director owned 136,953 shares of the company’s stock, valued at approximately $6,379,270.74. The trade was a 2.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.26% of the company’s stock.

Gaming and Leisure Properties Stock Performance

Shares of Gaming and Leisure Properties stock opened at $46.15 on Friday. Gaming and Leisure Properties, Inc. has a 1 year low of $44.48 and a 1 year high of $52.60. The firm’s 50-day moving average is $46.88 and its 200 day moving average is $48.04. The company has a debt-to-equity ratio of 1.41, a current ratio of 7.39 and a quick ratio of 7.39. The stock has a market cap of $13.06 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 9.91 and a beta of 0.72.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.01). Gaming and Leisure Properties had a return on equity of 15.43% and a net margin of 46.32%. The business had revenue of $394.90 million during the quarter, compared to analysts’ expectations of $397.27 million. During the same period last year, the firm posted $0.94 EPS. Gaming and Leisure Properties’s quarterly revenue was up 3.8% compared to the same quarter last year. Sell-side analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a $0.78 dividend. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Friday, June 13th. This represents a $3.12 dividend on an annualized basis and a yield of 6.8%. Gaming and Leisure Properties’s payout ratio is presently 120.93%.

Analyst Ratings Changes

A number of brokerages have recently commented on GLPI. Wedbush set a $55.00 target price on shares of Gaming and Leisure Properties in a report on Monday, April 28th. Barclays boosted their target price on shares of Gaming and Leisure Properties from $54.00 to $55.00 and gave the company an “equal weight” rating in a report on Monday, July 21st. Mizuho dropped their target price on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set a “neutral” rating on the stock in a report on Monday, June 16th. Scotiabank dropped their target price on shares of Gaming and Leisure Properties from $49.00 to $48.00 and set a “sector perform” rating on the stock in a report on Monday, May 12th. Finally, Royal Bank Of Canada dropped their target price on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating on the stock in a report on Monday, July 28th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Gaming and Leisure Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.16.

Gaming and Leisure Properties Profile

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.