L.M. Kohn & Company Has $374,000 Stake in Gaming and Leisure Properties, Inc. $GLPI

L.M. Kohn & Company raised its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 14.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 8,003 shares of the real estate investment trust’s stock after buying an additional 1,023 shares during the period. L.M. Kohn & Company’s holdings in Gaming and Leisure Properties were worth $374,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. GF Fund Management CO. LTD. lifted its stake in Gaming and Leisure Properties by 4.2% in the first quarter. GF Fund Management CO. LTD. now owns 5,197 shares of the real estate investment trust’s stock valued at $265,000 after buying an additional 211 shares during the period. TD Private Client Wealth LLC lifted its stake in Gaming and Leisure Properties by 64.2% in the first quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 213 shares during the period. Woodward Diversified Capital LLC lifted its stake in Gaming and Leisure Properties by 5.8% in the first quarter. Woodward Diversified Capital LLC now owns 4,402 shares of the real estate investment trust’s stock valued at $224,000 after buying an additional 243 shares during the period. Freedom Investment Management Inc. lifted its stake in Gaming and Leisure Properties by 4.6% in the second quarter. Freedom Investment Management Inc. now owns 5,977 shares of the real estate investment trust’s stock valued at $279,000 after buying an additional 261 shares during the period. Finally, REAP Financial Group LLC lifted its stake in Gaming and Leisure Properties by 66.0% in the second quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 264 shares during the period. Institutional investors and hedge funds own 91.14% of the company’s stock.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total transaction of $139,620.00. Following the completion of the transaction, the director directly owned 133,953 shares of the company’s stock, valued at $6,234,172.62. This represents a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.26% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GLPI shares. Macquarie decreased their target price on Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating for the company in a research note on Monday, July 28th. Stifel Nicolaus cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating and set a $51.25 target price for the company. in a research note on Monday, July 21st. Royal Bank Of Canada decreased their target price on Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating for the company in a research note on Monday, July 28th. Barclays raised Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $51.00 to $54.00 in a research note on Monday, October 20th. Finally, Mizuho boosted their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, September 11th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Gaming and Leisure Properties currently has a consensus rating of “Hold” and a consensus target price of $52.94.

Gaming and Leisure Properties Stock Down 1.8%

GLPI stock opened at $43.65 on Thursday. 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 capitalization of $12.35 billion, a P/E ratio of 16.92, a P/E/G ratio of 9.67 and a beta of 0.74. The business has a 50-day moving average of $46.51 and a 200-day moving average of $46.84. Gaming and Leisure Properties, Inc. has a fifty-two week low of $43.28 and a fifty-two week high of $52.27.

Gaming and Leisure Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend was Friday, September 12th. Gaming and Leisure Properties’s dividend payout ratio is currently 120.93%.

About Gaming and Leisure Properties

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.