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Vestmark Advisory Solutions Inc. boosted its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Get Rating) by 81.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,803 shares of the real estate investment trust’s stock after acquiring an additional 6,641 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Gaming and Leisure Properties were worth $655,000 at the end of the most recent quarter.
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A number of other institutional investors have also recently bought and sold shares of GLPI. Dodge & Cox boosted its position in Gaming and Leisure Properties by 1,500.9% during the 2nd quarter. Dodge & Cox now owns 6,368,169 shares of the real estate investment trust’s stock worth $292,044,000 after acquiring an additional 5,970,380 shares during the period. FMR LLC boosted its position in Gaming and Leisure Properties by 16.6% during the 2nd quarter. FMR LLC now owns 12,229,738 shares of the real estate investment trust’s stock worth $560,855,000 after acquiring an additional 1,741,579 shares during the period. Wellington Management Group LLP boosted its position in Gaming and Leisure Properties by 13.6% during the 1st quarter. Wellington Management Group LLP now owns 10,515,906 shares of the real estate investment trust’s stock worth $493,511,000 after acquiring an additional 1,255,222 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Gaming and Leisure Properties by 191.0% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,897,946 shares of the real estate investment trust’s stock worth $83,965,000 after acquiring an additional 1,245,735 shares during the period. Finally, Vanguard Group Inc. boosted its position in Gaming and Leisure Properties by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 34,218,955 shares of the real estate investment trust’s stock worth $1,605,894,000 after acquiring an additional 1,199,697 shares during the period. 90.69% of the stock is currently owned by institutional investors and hedge funds.
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Analysts Set New Price Targets
A number of equities research analysts have commented on GLPI shares. Raymond James lowered Gaming and Leisure Properties from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the stock from $57.00 to $55.00 in a research report on Monday, January 9th. JMP Securities lifted their price target on Gaming and Leisure Properties from $53.00 to $57.00 and gave the company a “market outperform” rating in a report on Wednesday, December 21st. Truist Financial upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $54.00 to $60.00 in a report on Wednesday, January 11th. Morgan Stanley lifted their price target on Gaming and Leisure Properties from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, December 16th. Finally, KeyCorp lifted their price target on Gaming and Leisure Properties from $52.00 to $54.00 and gave the company an “overweight” rating in a report on Wednesday, November 30th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.60.
Gaming and Leisure Properties Stock Down 0.8 %
GLPI opened at $51.78 on Tuesday. The business has a 50 day moving average price of $51.78 and a 200 day moving average price of $50.00. Gaming and Leisure Properties, Inc. has a twelve month low of $41.81 and a twelve month high of $53.91. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market cap of $13.23 billion, a P/E ratio of 21.22, a price-to-earnings-growth ratio of 10.09 and a beta of 1.00.
Gaming and Leisure Properties Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, December 23rd. Shareholders of record on Friday, December 9th were given a $0.705 dividend. This represents a $2.82 annualized dividend and a yield of 5.45%. The ex-dividend date of this dividend was Thursday, December 8th. Gaming and Leisure Properties’s dividend payout ratio is currently 115.57%.
Insiders Place Their Bets
In other Gaming and Leisure Properties news, COO Brandon John Moore sold 3,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $52.00, for a total value of $156,000.00. Following the transaction, the chief operating officer now directly owns 182,993 shares of the company’s stock, valued at approximately $9,515,636. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 1,961 shares of Gaming and Leisure Properties stock in a transaction that occurred on Wednesday, January 11th. The stock was sold at an average price of $52.27, for a total value of $102,501.47. Following the transaction, the senior vice president now directly owns 34,316 shares of the company’s stock, valued at approximately $1,793,697.32. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Brandon John Moore sold 3,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $52.00, for a total value of $156,000.00. Following the completion of the transaction, the chief operating officer now directly owns 182,993 shares in the company, valued at $9,515,636. The disclosure for this sale can be found here. Company insiders own 4.60% of the company’s stock.
Gaming and Leisure Properties Profile
(Get Rating)
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.
Further Reading
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Want to see what other hedge funds are holding GLPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Get Rating).
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