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Entropy Technologies LP Sells 17,689 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Gaming and Leisure Properties logo with Finance background

Entropy Technologies LP lessened its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 73.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,260 shares of the real estate investment trust's stock after selling 17,689 shares during the period. Entropy Technologies LP's holdings in Gaming and Leisure Properties were worth $301,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Franklin Resources Inc. boosted its position in Gaming and Leisure Properties by 7.8% in the third quarter. Franklin Resources Inc. now owns 12,259,224 shares of the real estate investment trust's stock valued at $641,059,000 after buying an additional 889,698 shares in the last quarter. State Street Corp raised its stake in shares of Gaming and Leisure Properties by 1.4% in the third quarter. State Street Corp now owns 12,135,195 shares of the real estate investment trust's stock valued at $624,356,000 after acquiring an additional 162,484 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Gaming and Leisure Properties by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 6,080,860 shares of the real estate investment trust's stock worth $312,316,000 after acquiring an additional 161,689 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Gaming and Leisure Properties by 6.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,534,033 shares of the real estate investment trust's stock worth $284,726,000 after acquiring an additional 341,492 shares in the last quarter. Finally, Jennison Associates LLC grew its position in Gaming and Leisure Properties by 5.2% during the 4th quarter. Jennison Associates LLC now owns 4,287,118 shares of the real estate investment trust's stock worth $206,468,000 after acquiring an additional 211,657 shares during the last quarter. Institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Trading Down 1.4 %

Gaming and Leisure Properties stock traded down $0.69 during mid-day trading on Monday, hitting $48.61. 1,105,286 shares of the stock were exchanged, compared to its average volume of 946,372. 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 stock has a market capitalization of $13.34 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 2.01 and a beta of 0.99. The firm's fifty day simple moving average is $48.19 and its two-hundred day simple moving average is $49.77. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a $0.76 dividend. The ex-dividend date was Friday, December 6th. This represents a $3.04 annualized dividend and a dividend yield of 6.25%. Gaming and Leisure Properties's dividend payout ratio is currently 106.29%.

Insider Activity at Gaming and Leisure Properties

In related news, COO Brandon John Moore sold 3,982 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total value of $190,498.88. Following the completion of the transaction, the chief operating officer now directly owns 278,634 shares of the company's stock, valued at approximately $13,329,850.56. This trade represents a 1.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Matthew Demchyk sold 17,617 shares of Gaming and Leisure Properties stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.40, for a total value of $870,279.80. Following the transaction, the senior vice president now directly owns 54,140 shares of the company's stock, valued at $2,674,516. The trade was a 24.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,222 shares of company stock valued at $1,624,947 over the last ninety days. Corporate insiders own 4.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on GLPI shares. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $49.00 to $54.00 in a research note on Friday, December 13th. Morgan Stanley downgraded shares of 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 report on Wednesday, January 15th. StockNews.com cut shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating in a research report on Monday, October 28th. Barclays initiated coverage on shares of Gaming and Leisure Properties in a research report on Tuesday, December 17th. They set an "equal weight" rating and a $54.53 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a "hold" rating to a "buy" rating and raised their price target for the company from $49.00 to $54.00 in a report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $53.93.

Get Our Latest Stock Analysis on Gaming and Leisure Properties

Gaming and Leisure Properties Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Gaming and Leisure Properties (NASDAQ:GLPI)

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