State of Alaska Department of Revenue boosted its stake in shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 29.4% during the first quarter, Holdings Channel reports. The firm owned 100,090 shares of the real estate investment trust’s stock after buying an additional 22,750 shares during the period. State of Alaska Department of Revenue’s holdings in Gaming and Leisure Properties were worth $3,344,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. increased its stake in Gaming and Leisure Properties by 9.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,331 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 291 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of Gaming and Leisure Properties during the fourth quarter worth about $116,000. TLP Group LLC increased its stake in shares of Gaming and Leisure Properties by 116.3% in the third quarter. TLP Group LLC now owns 3,595 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 1,933 shares during the last quarter. HBK Sorce Advisory LLC acquired a new stake in shares of Gaming and Leisure Properties during the third quarter worth about $202,000. Finally, CSS LLC IL increased its stake in shares of Gaming and Leisure Properties by 44.8% in the third quarter. CSS LLC IL now owns 6,700 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 2,073 shares during the last quarter. 90.08% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Gaming and Leisure Properties (NASDAQ:GLPI)

Gaming and Leisure Properties Inc (NASDAQ:GLPI) traded up 0.20% on Friday, hitting $34.54. 397,105 shares of the company were exchanged. The company has a market capitalization of $7.18 billion, a P/E ratio of 21.56 and a beta of 0.93. Gaming and Leisure Properties Inc has a 52 week low of $29.32 and a 52 week high of $35.98. The firm’s 50 day moving average is $32.68 and its 200 day moving average is $31.68.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, February 2nd. The real estate investment trust reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The firm had revenue of $238.80 million for the quarter, compared to the consensus estimate of $238.29 million. Gaming and Leisure Properties had a net margin of 34.93% and a return on equity of 18.96%. The company’s revenue for the quarter was up 85.6% on a year-over-year basis. During the same period last year, the firm posted $0.25 earnings per share. On average, equities research analysts forecast that Gaming and Leisure Properties Inc will post $1.75 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 24th. Stockholders of record on Monday, March 13th were paid a $0.62 dividend. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.60. This represents a $2.48 annualized dividend and a dividend yield of 7.19%. The ex-dividend date was Thursday, March 9th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 154.84%.

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Separately, Zacks Investment Research downgraded shares of Gaming and Leisure Properties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Gaming and Leisure Properties has an average rating of “Hold” and an average target price of $35.00.

In other Gaming and Leisure Properties news, SVP Steven T. Snyder sold 217,839 shares of Gaming and Leisure Properties stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $32.12, for a total transaction of $6,996,988.68. Following the transaction, the senior vice president now directly owns 323,543 shares of the company’s stock, valued at $10,392,201.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 22.36% of the company’s stock.

Gaming and Leisure Properties Company Profile

Gaming and Leisure Properties, Inc (GLPI) is a self-administered and self-managed Pennsylvania real estate investment trust (REIT). The Company is engaged in the business of acquiring, financing and owning real estate property to be leased to gaming operators in triple net lease arrangements. Its segments include GLP Capital, L.P.

5 Day Chart for NASDAQ:GLPI

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