GSA Capital Partners LLP Reduces Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

GSA Capital Partners LLP decreased its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 51.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,522 shares of the real estate investment trust's stock after selling 27,127 shares during the period. GSA Capital Partners LLP's holdings in Gaming and Leisure Properties were worth $1,313,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its position in Gaming and Leisure Properties by 27.4% during the 1st quarter. Russell Investments Group Ltd. now owns 309,882 shares of the real estate investment trust's stock valued at $14,276,000 after buying an additional 66,601 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Gaming and Leisure Properties in the 1st quarter worth $2,396,000. Lasalle Investment Management Securities LLC raised its holdings in Gaming and Leisure Properties by 1.5% in the 1st quarter. Lasalle Investment Management Securities LLC now owns 1,479,756 shares of the real estate investment trust's stock worth $68,172,000 after purchasing an additional 21,667 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in Gaming and Leisure Properties in the 2nd quarter worth $3,165,000. Finally, Caxton Associates LP raised its holdings in Gaming and Leisure Properties by 72.5% in the 1st quarter. Caxton Associates LP now owns 24,282 shares of the real estate investment trust's stock worth $1,119,000 after purchasing an additional 10,209 shares in the last quarter. Hedge funds and other institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Stock Performance

NASDAQ GLPI traded down $0.20 on Thursday, reaching $48.89. 234,058 shares of the stock were exchanged, compared to its average volume of 1,313,169. Gaming and Leisure Properties, Inc. has a one year low of $41.80 and a one year high of $52.60. The firm has a market capitalization of $13.41 billion, a PE ratio of 17.16, a PEG ratio of 2.12 and a beta of 0.99. The company's 50-day simple moving average is $50.84 and its two-hundred day simple moving average is $48.11. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.25). The firm had revenue of $385.34 million for the quarter, compared to the consensus estimate of $385.09 million. Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. Gaming and Leisure Properties's revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.92 EPS. Analysts expect that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 6.22%. The ex-dividend date was Friday, September 13th. Gaming and Leisure Properties's payout ratio is currently 106.29%.

Wall Street Analysts Forecast Growth

GLPI has been the subject of several research reports. Wolfe Research upgraded shares of Gaming and Leisure Properties from a "peer perform" rating to an "outperform" rating and set a $57.00 price objective for the company in a report on Friday, August 23rd. Wells Fargo & Company restated an "equal weight" rating and issued a $52.00 price objective (up from $51.00) on shares of Gaming and Leisure Properties in a report on Tuesday, October 1st. JMP Securities reiterated a "market outperform" rating and issued a $55.00 price target on shares of Gaming and Leisure Properties in a research note on Tuesday, October 29th. Raymond James increased their price target on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 21st. Finally, Royal Bank of Canada increased their price target on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an "outperform" rating in a research note on Monday, July 29th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $52.54.

Insider Activity

In related news, COO Brandon John Moore sold 30,900 shares of the business's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $50.05, for a total value of $1,546,545.00. Following the sale, the chief operating officer now owns 208,977 shares in the company, valued at approximately $10,459,298.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, COO Brandon John Moore sold 30,900 shares of the business's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $50.05, for a total value of $1,546,545.00. Following the sale, the chief operating officer now owns 208,977 shares in the company, valued at approximately $10,459,298.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Desiree A. Burke sold 12,973 shares of the business's stock in a transaction on Friday, August 30th. The stock was sold at an average price of $52.02, for a total transaction of $674,855.46. Following the completion of the sale, the chief financial officer now owns 108,073 shares in the company, valued at $5,621,957.46. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 53,758 shares of company stock worth $2,717,922 over the last quarter. Insiders own 4.37% of the company's stock.

About Gaming and Leisure Properties

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.