Vanderbilt University Sells 11,462 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Vanderbilt University lowered its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 27.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,315 shares of the real estate investment trust’s stock after selling 11,462 shares during the period. Vanderbilt University’s holdings in Gaming and Leisure Properties were worth $1,560,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Ignite Planners LLC lifted its stake in shares of Gaming and Leisure Properties by 1.8% in the 2nd quarter. Ignite Planners LLC now owns 12,181 shares of the real estate investment trust’s stock valued at $543,000 after purchasing an additional 220 shares during the period. EP Wealth Advisors LLC lifted its position in Gaming and Leisure Properties by 0.7% during the second quarter. EP Wealth Advisors LLC now owns 33,990 shares of the real estate investment trust’s stock valued at $1,537,000 after buying an additional 220 shares during the period. Ieq Capital LLC boosted its holdings in shares of Gaming and Leisure Properties by 0.3% during the 2nd quarter. Ieq Capital LLC now owns 90,749 shares of the real estate investment trust’s stock valued at $4,103,000 after buying an additional 257 shares in the last quarter. Marshall Financial Group LLC grew its position in shares of Gaming and Leisure Properties by 1.4% in the 3rd quarter. Marshall Financial Group LLC now owns 20,917 shares of the real estate investment trust’s stock worth $1,076,000 after buying an additional 289 shares during the period. Finally, Private Advisor Group LLC grew its position in shares of Gaming and Leisure Properties by 2.7% in the 1st quarter. Private Advisor Group LLC now owns 11,440 shares of the real estate investment trust’s stock worth $527,000 after buying an additional 299 shares during the period. 91.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on GLPI. Raymond James boosted their price objective on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. Stifel Nicolaus boosted their price target on Gaming and Leisure Properties from $52.00 to $52.50 and gave the stock a “buy” rating in a research report on Friday, July 26th. JMP Securities raised their price objective on Gaming and Leisure Properties from $53.00 to $55.00 and gave the company a “market outperform” rating in a research report on Monday, August 12th. Royal Bank of Canada lifted their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Gaming and Leisure Properties from $47.00 to $48.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $52.18.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ GLPI traded up $0.25 during trading on Monday, reaching $50.02. 62,236 shares of the company traded hands, compared to its average volume of 1,302,692. The firm has a 50 day simple moving average of $51.09 and a 200-day simple moving average of $47.49. Gaming and Leisure Properties, Inc. has a 52-week low of $41.80 and a 52-week high of $52.60. The stock has a market capitalization of $13.58 billion, a PE ratio of 18.37, a P/E/G ratio of 5.82 and a beta of 0.99. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.49.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.25). Gaming and Leisure Properties had a return on equity of 17.60% and a net margin of 52.79%. The company had revenue of $385.34 million during the quarter, compared to analysts’ expectations of $385.09 million. During the same quarter in the prior year, the business posted $0.92 EPS. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 6.08%. The ex-dividend date was Friday, September 13th. Gaming and Leisure Properties’s payout ratio is currently 112.18%.

Insider Activity at Gaming and Leisure Properties

In other news, COO Brandon John Moore sold 30,900 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $50.05, for a total value of $1,546,545.00. Following the transaction, the chief operating officer now owns 208,977 shares in the company, valued at $10,459,298.85. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, COO Brandon John Moore sold 30,900 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $50.05, for a total transaction of $1,546,545.00. Following the completion of the sale, the chief operating officer now owns 208,977 shares of the company’s stock, valued at $10,459,298.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Desiree A. Burke sold 12,973 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $52.02, for a total value of $674,855.46. Following the completion of the transaction, the chief financial officer now directly owns 108,073 shares in the company, valued at approximately $5,621,957.46. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,478 shares of company stock worth $2,495,429. 4.40% of the stock is owned by insiders.

Gaming and Leisure Properties Profile

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.