Gaming and Leisure Properties Inc (GLPI) Shares Bought by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. lifted its position in shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 18.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 649,699 shares of the real estate investment trust’s stock after buying an additional 99,286 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Gaming and Leisure Properties were worth $25,059,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its position in Gaming and Leisure Properties by 50.6% in the 4th quarter. Parallel Advisors LLC now owns 905 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 304 shares during the last quarter. We Are One Seven LLC purchased a new position in Gaming and Leisure Properties in the 4th quarter valued at about $31,000. Ffcm LLC boosted its position in Gaming and Leisure Properties by 72.4% in the 4th quarter. Ffcm LLC now owns 1,141 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 479 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Gaming and Leisure Properties by 43.4% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,434 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 434 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Gaming and Leisure Properties by 50.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,787 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 602 shares during the last quarter. Institutional investors and hedge funds own 88.22% of the company’s stock.

In other Gaming and Leisure Properties news, CAO Desiree A. Burke sold 41,458 shares of Gaming and Leisure Properties stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $39.06, for a total value of $1,619,349.48. Following the transaction, the chief accounting officer now owns 119,264 shares in the company, valued at $4,658,451.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Matthew Demchyk purchased 4,000 shares of the firm’s stock in a transaction on Thursday, February 28th. The stock was acquired at an average price of $36.50 per share, for a total transaction of $146,000.00. Following the transaction, the senior vice president now owns 37,500 shares of the company’s stock, valued at approximately $1,368,750. The disclosure for this purchase can be found here. 5.88% of the stock is owned by company insiders.

Shares of GLPI stock opened at $39.24 on Thursday. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 2.58. Gaming and Leisure Properties Inc has a one year low of $31.19 and a one year high of $39.36. The stock has a market cap of $8.42 billion, a PE ratio of 12.34, a P/E/G ratio of 1.40 and a beta of 0.55.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Wednesday, February 13th. The real estate investment trust reported $0.84 EPS for the quarter, topping the consensus estimate of $0.82 by $0.02. Gaming and Leisure Properties had a net margin of 32.16% and a return on equity of 14.42%. The business had revenue of $303.30 million for the quarter, compared to analysts’ expectations of $306.12 million. During the same quarter last year, the company posted $0.55 earnings per share. The company’s quarterly revenue was up 26.0% compared to the same quarter last year. As a group, analysts anticipate that Gaming and Leisure Properties Inc will post 3.36 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 6.93%. Gaming and Leisure Properties’s dividend payout ratio is presently 85.53%.

A number of equities analysts have weighed in on GLPI shares. BidaskClub raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Wednesday, March 13th. Credit Suisse Group reissued an “outperform” rating and issued a $41.00 price objective on shares of Gaming and Leisure Properties in a research report on Wednesday, March 20th. Finally, Zacks Investment Research cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Friday, February 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Gaming and Leisure Properties has a consensus rating of “Buy” and an average target price of $39.90.

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About Gaming and Leisure Properties

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.

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

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