Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Acquired by Golden State Equity Partners

Golden State Equity Partners increased its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 63.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,596 shares of the real estate investment trust’s stock after acquiring an additional 1,777 shares during the quarter. Golden State Equity Partners’ holdings in Gaming and Leisure Properties were worth $221,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Creative Planning lifted its stake in Gaming and Leisure Properties by 13.6% in the 2nd quarter. Creative Planning now owns 12,896 shares of the real estate investment trust’s stock valued at $583,000 after buying an additional 1,544 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Gaming and Leisure Properties by 74.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,411 shares of the real estate investment trust’s stock valued at $199,000 after buying an additional 1,886 shares in the last quarter. Cetera Investment Advisers lifted its stake in Gaming and Leisure Properties by 0.5% in the 2nd quarter. Cetera Investment Advisers now owns 54,803 shares of the real estate investment trust’s stock valued at $2,478,000 after buying an additional 299 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Gaming and Leisure Properties in the 2nd quarter valued at approximately $779,000. Finally, Park Avenue Securities LLC lifted its stake in Gaming and Leisure Properties by 8.4% in the 3rd quarter. Park Avenue Securities LLC now owns 9,610 shares of the real estate investment trust’s stock valued at $494,000 after buying an additional 742 shares in the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Trading Up 0.3 %

GLPI stock opened at $48.56 on Wednesday. The company has a market cap of $13.32 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 1.97 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. The business has a fifty day simple moving average of $48.60 and a 200-day simple moving average of $49.79. Gaming and Leisure Properties, Inc. has a 52 week low of $41.80 and a 52 week high of $52.60.

Gaming and Leisure Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.76 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.04 annualized dividend and a yield of 6.26%. Gaming and Leisure Properties’s dividend payout ratio is currently 106.29%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on GLPI shares. Barclays started coverage on Gaming and Leisure Properties in a research note on Tuesday, December 17th. They issued an “equal weight” rating and a $54.53 target price on the stock. Morgan Stanley lowered Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price target on the stock. in a research note on Wednesday, January 15th. Stifel Nicolaus increased their price target on Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Scotiabank reduced their price target on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. Finally, Mizuho reduced their price target on Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $53.93.

Insider Activity at Gaming and Leisure Properties

In related news, COO Brandon John Moore sold 3,982 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total value of $190,498.88. Following the completion of the sale, the chief operating officer now directly owns 278,634 shares in the company, valued at approximately $13,329,850.56. This represents a 1.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Matthew Demchyk sold 1,149 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $47.80, for a total value of $54,922.20. Following the completion of the sale, the senior vice president now owns 91,620 shares of the company’s stock, valued at approximately $4,379,436. This represents a 1.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 33,222 shares of company stock worth $1,624,947. Corporate insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Profile

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.