Janney Montgomery Scott LLC Sells 15,407 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Janney Montgomery Scott LLC reduced its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 348,595 shares of the real estate investment trust's stock after selling 15,407 shares during the quarter. Janney Montgomery Scott LLC owned about 0.13% of Gaming and Leisure Properties worth $16,788,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Assetmark Inc. lifted its stake in Gaming and Leisure Properties by 2,547.6% during 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. Farther Finance Advisors LLC lifted its position in shares of Gaming and Leisure Properties by 142.2% during the 3rd 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 during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Gaming and Leisure Properties by 578.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 692 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 590 shares in the last quarter. Abich Financial Wealth Management LLC grew its holdings in shares of Gaming and Leisure Properties by 3,191.3% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 757 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 734 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of Gaming and Leisure Properties during the third quarter worth $39,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Gaming and Leisure Properties Stock Up 0.7 %

Shares of Gaming and Leisure Properties stock traded up $0.33 during trading on Friday, hitting $48.11. 861,838 shares of the stock traded hands, compared to its average volume of 851,374. The company has a fifty day moving average price of $48.87 and a two-hundred day moving average price of $49.78. Gaming and Leisure Properties, Inc. has a twelve month low of $41.80 and a twelve month high of $52.60. The stock has a market cap of $13.20 billion, a P/E ratio of 16.82, a PEG ratio of 1.96 and a beta of 0.99. 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 posted its earnings results 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 business had revenue of $385.34 million during the quarter, compared to analyst estimates of $385.09 million. During the same quarter last year, the firm earned $0.92 earnings per share. Gaming and Leisure Properties's revenue was up 7.2% compared to the same quarter last year. Equities research analysts predict that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 6.32%. The ex-dividend date of this dividend was Friday, December 6th. Gaming and Leisure Properties's dividend payout ratio is presently 106.29%.

Insiders Place Their Bets

In other news, SVP Matthew Demchyk sold 1,149 shares of the firm's 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 sale, the senior vice president now owns 91,620 shares in the company, valued at approximately $4,379,436. This trade represents a 1.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director E Scott Urdang sold 3,000 shares of the business's stock in a transaction on Monday, November 4th. The stock was sold at an average price of $50.39, for a total transaction of $151,170.00. Following the transaction, the director now directly owns 146,800 shares in the company, valued at $7,397,252. This trade represents a 2.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,490 shares of company stock valued at $1,251,189 over the last three months. 4.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $49.00 to $54.00 in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a "hold" rating to a "buy" rating and lifted their target price for the stock from $49.00 to $54.00 in a research report on Wednesday, November 20th. Mizuho reduced their price target 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. Morgan Stanley cut shares of Gaming and Leisure Properties from an "overweight" rating to an "equal weight" rating and set a $53.00 price objective on the stock. in a research report on Wednesday, January 15th. Finally, Stifel Nicolaus increased their target price on Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a "buy" rating in a report on Tuesday, November 26th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Gaming and Leisure Properties presently has an average rating of "Moderate Buy" and an average price target of $53.93.

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.