Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC boosted its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 35.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 26,130 shares of the real estate investment trust's stock after purchasing an additional 6,896 shares during the period. Kestra Private Wealth Services LLC's holdings in Gaming and Leisure Properties were worth $1,258,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lecap Asset Management Ltd. boosted its holdings in shares of Gaming and Leisure Properties by 32.0% in the fourth quarter. Lecap Asset Management Ltd. now owns 26,105 shares of the real estate investment trust's stock valued at $1,257,000 after acquiring an additional 6,333 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Gaming and Leisure Properties by 4.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,064 shares of the real estate investment trust's stock valued at $3,760,000 after acquiring an additional 3,630 shares in the last quarter. Financial Advocates Investment Management boosted its holdings in shares of Gaming and Leisure Properties by 9.5% in the fourth quarter. Financial Advocates Investment Management now owns 9,522 shares of the real estate investment trust's stock valued at $459,000 after acquiring an additional 830 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Gaming and Leisure Properties by 0.3% in the fourth quarter. State of Alaska Department of Revenue now owns 305,765 shares of the real estate investment trust's stock valued at $14,723,000 after acquiring an additional 827 shares in the last quarter. Finally, Choreo LLC boosted its holdings in shares of Gaming and Leisure Properties by 105.1% in the fourth quarter. Choreo LLC now owns 12,387 shares of the real estate investment trust's stock valued at $591,000 after acquiring an additional 6,347 shares in the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

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Gaming and Leisure Properties Price Performance

GLPI traded down $0.69 during midday trading on Friday, reaching $48.61. 1,105,286 shares of the company's stock were exchanged, compared to its average volume of 946,372. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. The stock has a market capitalization of $13.34 billion, a PE ratio of 17.00, a P/E/G ratio of 2.01 and a beta of 0.99. The business's 50-day moving average price is $48.22 and its 200 day moving average price is $49.77. 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 Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently weighed in on GLPI. JMP Securities reaffirmed a "market outperform" rating and issued a $55.00 target price on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. StockNews.com downgraded shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating in a report on Monday, October 28th. Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $49.00 to $54.00 in a report on Wednesday, November 20th. JPMorgan Chase & Co. raised shares of 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 report on Friday, December 13th. Finally, Scotiabank decreased their price objective on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating on the stock in a report on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $53.93.

Insiders Place Their Bets

In other news, COO Brandon John Moore sold 3,982 shares of the business'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 owns 278,634 shares of the company's stock, valued at $13,329,850.56. The trade was a 1.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Matthew Demchyk sold 1,149 shares of the business's 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 transaction, the senior vice president now directly owns 91,620 shares of the company's stock, valued at approximately $4,379,436. This represents a 1.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,222 shares of company stock worth $1,624,947. 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.