CreativeOne Wealth LLC acquired a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,186 shares of the real estate investment trust's stock, valued at approximately $346,000.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Barr E S & Co. raised its position in Gaming and Leisure Properties by 2.4% during the fourth quarter. Barr E S & Co. now owns 232,563 shares of the real estate investment trust's stock valued at $11,200,000 after acquiring an additional 5,450 shares in the last quarter. Seeds Investor LLC grew its stake in shares of Gaming and Leisure Properties by 3.6% during the 4th quarter. Seeds Investor LLC now owns 7,350 shares of the real estate investment trust's stock worth $354,000 after purchasing an additional 254 shares during the period. Townsquare Capital LLC increased its holdings in shares of Gaming and Leisure Properties by 15.4% during the 4th quarter. Townsquare Capital LLC now owns 5,397 shares of the real estate investment trust's stock valued at $260,000 after purchasing an additional 719 shares in the last quarter. Sterling Capital Management LLC lifted its stake in shares of Gaming and Leisure Properties by 16.6% in the 4th quarter. Sterling Capital Management LLC now owns 38,681 shares of the real estate investment trust's stock valued at $1,863,000 after purchasing an additional 5,507 shares during the period. Finally, Treasurer of the State of North Carolina boosted its holdings in Gaming and Leisure Properties by 2.5% during the fourth quarter. Treasurer of the State of North Carolina now owns 259,851 shares of the real estate investment trust's stock worth $12,514,000 after buying an additional 6,293 shares in the last quarter. Institutional investors and hedge funds own 91.14% of the company's stock.
Insiders Place Their Bets
In related news, SVP Matthew Demchyk sold 17,617 shares of the firm's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.40, for a total transaction of $870,279.80. Following the completion of the sale, the senior vice president now directly owns 54,140 shares in the company, valued at approximately $2,674,516. This trade represents a 24.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director E Scott Urdang sold 5,000 shares of Gaming and Leisure Properties stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $50.89, for a total transaction of $254,450.00. Following the transaction, the director now directly owns 140,953 shares in the company, valued at $7,173,098.17. This trade represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,459 shares of company stock valued at $2,024,241 in the last three months. 4.37% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on GLPI. Royal Bank of Canada cut their price objective on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an "outperform" rating for the company in a report on Monday, February 24th. Mizuho upped their price target on Gaming and Leisure Properties from $51.00 to $53.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Scotiabank lowered 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 report on Thursday, January 16th. Barclays boosted their price objective on Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an "equal weight" rating in a research report on Tuesday. Finally, Wells Fargo & Company increased their target price on Gaming and Leisure Properties from $50.00 to $51.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $54.18.
Check Out Our Latest Research Report on GLPI
Gaming and Leisure Properties Price Performance
Shares of NASDAQ:GLPI traded up $0.27 during midday trading on Wednesday, hitting $49.56. The company's stock had a trading volume of 2,241,851 shares, compared to its average volume of 1,247,959. The company has a market cap of $13.62 billion, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 2.01 and a beta of 0.72. Gaming and Leisure Properties, Inc. has a 12-month low of $42.20 and a 12-month high of $52.60. The business's 50 day simple moving average is $49.43 and its 200 day simple moving average is $49.37. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35.
Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.01. The business had revenue of $389.62 million for the quarter, compared to analyst estimates of $391.54 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. On average, analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.
Gaming and Leisure Properties Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 6.13%. The ex-dividend date was Friday, March 14th. Gaming and Leisure Properties's payout ratio is currently 105.92%.
Gaming and Leisure Properties Company Profile
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Free Report)
Gaming & Leisure Properties, Inc engages in the provision of 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.
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