Moody National Bank Trust Division Has $1.01 Million Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Moody National Bank Trust Division reduced its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 4.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,990 shares of the real estate investment trust’s stock after selling 979 shares during the period. Moody National Bank Trust Division’s holdings in Gaming and Leisure Properties were worth $1,011,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. EWG Elevate Inc. raised its stake in shares of Gaming and Leisure Properties by 32.0% in the 4th quarter. EWG Elevate Inc. now owns 21,657 shares of the real estate investment trust’s stock valued at $1,043,000 after purchasing an additional 5,247 shares during the period. First Hawaiian Bank raised its position in Gaming and Leisure Properties by 93.6% in the 4th quarter. First Hawaiian Bank now owns 15,100 shares of the real estate investment trust’s stock valued at $727,000 after buying an additional 7,300 shares during the last quarter. Central Pacific Bank Trust Division raised its position in Gaming and Leisure Properties by 94.9% in the 4th quarter. Central Pacific Bank Trust Division now owns 4,107 shares of the real estate investment trust’s stock valued at $198,000 after buying an additional 2,000 shares during the last quarter. GAMMA Investing LLC lifted its stake in Gaming and Leisure Properties by 8.7% in the 4th quarter. GAMMA Investing LLC now owns 2,826 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 226 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Gaming and Leisure Properties by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,503,392 shares of the real estate investment trust’s stock worth $77,350,000 after acquiring an additional 173,810 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 6,885 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $50.16, for a total value of $345,351.60. Following the completion of the transaction, the director now owns 149,800 shares of the company’s stock, valued at approximately $7,513,968. This represents a 4.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Brandon John Moore sold 3,982 shares of Gaming and Leisure Properties stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total transaction of $190,498.88. Following the sale, the chief operating officer now directly owns 278,634 shares in the company, valued at $13,329,850.56. This trade represents a 1.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,016 shares of company stock valued at $741,943 over the last ninety days. 4.37% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

GLPI has been the topic of a number of research reports. JMP Securities reissued a “market outperform” rating and issued a $55.00 price objective on shares of Gaming and Leisure Properties in a research report on Wednesday, December 18th. JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $49.00 to $54.00 in a research report on Friday, December 13th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $52.00 price target (up previously from $51.00) on shares of Gaming and Leisure Properties in a research report on Tuesday, October 1st. Barclays began coverage on shares of Gaming and Leisure Properties in a research note on Tuesday, December 17th. They issued an “equal weight” rating and a $54.53 target price for the company. Finally, Mizuho reduced their price objective on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating for the company in a research report on Thursday, November 14th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $54.00.

Gaming and Leisure Properties Trading Up 1.8 %

Shares of Gaming and Leisure Properties stock opened at $46.42 on Tuesday. The firm’s 50-day moving average price is $49.14 and its two-hundred day moving average price is $49.57. The company has a market capitalization of $12.74 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 2.13 and a beta of 0.99. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties, Inc. has a 12-month low of $41.80 and a 12-month high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.25). Gaming and Leisure Properties had a net margin of 51.93% and a return on equity of 17.31%. The firm had revenue of $385.34 million during the quarter, compared to the consensus estimate of $385.09 million. During the same period last year, the business earned $0.92 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. On average, analysts forecast that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a dividend of $0.76 per share. The ex-dividend date was Friday, December 6th. This represents a $3.04 annualized dividend and a dividend yield of 6.55%. Gaming and Leisure Properties’s dividend payout ratio is currently 106.29%.

About Gaming and Leisure Properties

Gaming & Leisure Properties, Inc engages in 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.