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Stephens Inc. AR lessened its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Get Rating) by 18.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,470 shares of the real estate investment trust’s stock after selling 2,681 shares during the quarter. Stephens Inc. AR’s holdings in Gaming and Leisure Properties were worth $507,000 as of its most recent filing with the Securities & Exchange Commission.
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Several other hedge funds also recently bought and sold shares of GLPI. JFS Wealth Advisors LLC bought a new position in Gaming and Leisure Properties in the 2nd quarter valued at $30,000. Quadrant Capital Group LLC grew its position in shares of Gaming and Leisure Properties by 118.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 665 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 360 shares in the last quarter. Zions Bancorporation N.A. bought a new position in shares of Gaming and Leisure Properties during the 1st quarter worth $43,000. Destiny Wealth Partners LLC bought a new position in shares of Gaming and Leisure Properties during the 3rd quarter worth $44,000. Finally, CWM LLC grew its position in shares of Gaming and Leisure Properties by 50.9% during the 3rd quarter. CWM LLC now owns 1,005 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 339 shares in the last quarter. Institutional investors own 90.69% of the company’s stock.
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Gaming and Leisure Properties Trading Up 0.6 %
Gaming and Leisure Properties stock opened at $52.20 on Monday. Gaming and Leisure Properties, Inc. has a one year low of $41.81 and a one year high of $53.91. The stock has a market cap of $13.34 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 10.09 and a beta of 1.00. 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 stock has a 50-day moving average of $51.74 and a two-hundred day moving average of $49.97.
Gaming and Leisure Properties Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, December 23rd. Investors of record on Friday, December 9th were issued a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a yield of 5.40%. The ex-dividend date was Thursday, December 8th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 115.57%.
Analyst Upgrades and Downgrades
GLPI has been the topic of a number of recent research reports. KeyCorp increased their price target on Gaming and Leisure Properties from $52.00 to $54.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 30th. Raymond James downgraded Gaming and Leisure Properties from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $57.00 to $55.00 in a research report on Monday, January 9th. Truist Financial raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and increased their price target for the stock from $54.00 to $60.00 in a research report on Wednesday, January 11th. Morgan Stanley increased their price target on Gaming and Leisure Properties from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, December 16th. Finally, JMP Securities raised their price objective on Gaming and Leisure Properties from $53.00 to $57.00 and gave the company a “market outperform” rating in a research report on Wednesday, December 21st. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $56.60.
Insider Buying and Selling at Gaming and Leisure Properties
In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 1,961 shares of the firm’s 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 sale, the senior vice president now directly owns 34,316 shares of the company’s stock, valued at $1,793,697.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other 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 sale, the chief operating officer now directly owns 182,993 shares of the company’s stock, valued at $9,515,636. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the sale, the senior vice president now directly owns 34,316 shares in the company, valued at $1,793,697.32. The disclosure for this sale can be found here. 4.60% of the stock is owned by corporate insiders.
Gaming and Leisure Properties Company 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.
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