Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Sold by Versor Investments LP

Versor Investments LP decreased its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 51.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,432 shares of the real estate investment trust's stock after selling 21,300 shares during the quarter. Versor Investments LP's holdings in Gaming and Leisure Properties were worth $984,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Assetmark Inc. boosted its holdings in Gaming and Leisure Properties by 2,547.6% in the third quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 535 shares during the last quarter. Stonebridge Financial Group LLC acquired a new stake in Gaming and Leisure Properties during the fourth quarter worth about $31,000. Farther Finance Advisors LLC raised its position in Gaming and Leisure Properties by 142.2% during the third quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 384 shares in the last quarter. CKW Financial Group raised its position in Gaming and Leisure Properties by 75.0% during the fourth quarter. CKW Financial Group now owns 700 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 300 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in Gaming and Leisure Properties in the third quarter valued at approximately $39,000. Hedge funds and other institutional investors own 91.14% of the company's stock.

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Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada cut their target price 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. Morgan Stanley cut Gaming and Leisure Properties from an "overweight" rating to an "equal weight" rating and set a $53.00 target price on the stock. in a research report on Wednesday, January 15th. Stifel Nicolaus upped their price target on Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Mizuho dropped their price objective on Gaming and Leisure Properties from $52.00 to $51.00 and set a "neutral" rating on the stock in a report on Thursday, November 14th. Finally, JMP Securities reiterated a "market outperform" rating and set a $55.00 target price on shares of Gaming and Leisure Properties in a research report on Wednesday, December 18th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $54.15.

Gaming and Leisure Properties Price Performance

Shares of Gaming and Leisure Properties stock traded down $0.29 during trading hours on Monday, reaching $49.86. 1,213,871 shares of the company's stock were exchanged, compared to its average volume of 1,184,667. The business has a fifty day moving average of $48.31 and a two-hundred day moving average of $49.78. The company has a market capitalization of $13.70 billion, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 2.01 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 1 year low of $41.80 and a 1 year high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.01. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. The company had revenue of $389.62 million during the quarter, compared to analysts' expectations of $391.54 million. As a group, research analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.76 per share. The ex-dividend date is Friday, March 14th. This represents a $3.04 dividend on an annualized basis and a yield of 6.10%. Gaming and Leisure Properties's payout ratio is 105.92%.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,000 shares of Gaming and Leisure Properties stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $49.72, for a total transaction of $248,600.00. Following the transaction, the director now directly owns 145,953 shares of the company's stock, valued at $7,256,783.16. The trade was a 3.31 % decrease in their ownership of the stock. 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 that occurred on Thursday, January 2nd. The shares were sold at an average price of $47.80, for a total transaction of $54,922.20. Following the completion of the sale, the senior vice president now directly owns 91,620 shares of the company's stock, valued at approximately $4,379,436. This trade represents a 1.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,222 shares of company stock valued at $1,873,547. Insiders own 4.37% of the company's stock.

Gaming and Leisure Properties Company 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.