Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Bought by Versant Capital Management Inc

Versant Capital Management Inc lifted its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 18,500.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 744 shares of the real estate investment trust’s stock after acquiring an additional 740 shares during the period. Versant Capital Management Inc’s holdings in Gaming and Leisure Properties were worth $34,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Headlands Technologies LLC purchased a new stake in shares of Gaming and Leisure Properties during the 4th quarter valued at about $30,000. EdgeRock Capital LLC purchased a new position in shares of Gaming and Leisure Properties during the fourth quarter valued at $33,000. MCF Advisors LLC lifted its position in shares of Gaming and Leisure Properties by 416.7% in the first quarter. MCF Advisors LLC now owns 744 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 600 shares during the last quarter. Mather Group LLC. acquired a new position in shares of Gaming and Leisure Properties during the 1st quarter worth about $42,000. Finally, Larson Financial Group LLC raised its holdings in Gaming and Leisure Properties by 1,587.3% in the 1st quarter. Larson Financial Group LLC now owns 1,063 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. StockNews.com raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Friday, July 19th. Wedbush reiterated an “outperform” rating and set a $51.00 price target on shares of Gaming and Leisure Properties in a report on Friday, May 17th. Scotiabank increased their price objective on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 16th. Wells Fargo & Company cut their price target on shares of Gaming and Leisure Properties from $49.00 to $48.00 and set an “equal weight” rating for the company in a report on Thursday, May 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Gaming and Leisure Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.21.

Gaming and Leisure Properties Trading Up 1.8 %

NASDAQ:GLPI traded up $0.89 during mid-day trading on Wednesday, hitting $50.15. 229,052 shares of the stock traded hands, compared to its average volume of 1,350,847. The stock has a market capitalization of $13.62 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 5.14 and a beta of 0.98. Gaming and Leisure Properties, Inc. has a 52 week low of $41.80 and a 52 week high of $50.74. The firm’s 50 day moving average is $46.03 and its two-hundred day moving average is $45.32. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.49.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.15). Gaming and Leisure Properties had a return on equity of 17.60% and a net margin of 52.79%. The company had revenue of $380.60 million during the quarter, compared to the consensus estimate of $377.95 million. During the same quarter in the prior year, the company earned $0.92 earnings per share. Gaming and Leisure Properties’s revenue was up 6.7% on a year-over-year basis. On average, equities research analysts predict that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were given a $0.76 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $3.04 annualized dividend and a dividend yield of 6.06%. Gaming and Leisure Properties’s payout ratio is presently 112.18%.

Insider Transactions at Gaming and Leisure Properties

In related news, insider Desiree A. Burke 3,394 shares of the firm’s stock in a transaction dated Monday, July 29th. The was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.40% of the company’s stock.

Gaming and Leisure Properties Company 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.