Vanderbilt University Has $1.56 Million Stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Vanderbilt University cut its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 27.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,315 shares of the real estate investment trust's stock after selling 11,462 shares during the period. Vanderbilt University's holdings in Gaming and Leisure Properties were worth $1,560,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC acquired a new position in shares of Gaming and Leisure Properties during the second quarter worth approximately $31,000. EverSource Wealth Advisors LLC raised its holdings in Gaming and Leisure Properties by 578.4% during the second quarter. EverSource Wealth Advisors LLC now owns 692 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 590 shares in the last quarter. EdgeRock Capital LLC bought a new stake in Gaming and Leisure Properties during the second quarter worth approximately $33,000. Versant Capital Management Inc raised its holdings in Gaming and Leisure Properties by 18,500.0% during the second quarter. Versant Capital Management Inc now owns 744 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 740 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in Gaming and Leisure Properties by 388.2% during the third quarter. UMB Bank n.a. now owns 869 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 691 shares in the last quarter. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Gaming and Leisure Properties Stock Up 1.4 %

NASDAQ:GLPI traded up $0.72 during trading hours on Monday, hitting $50.49. 1,919,907 shares of the stock traded hands, compared to its average volume of 1,311,623. The firm has a 50 day moving average price of $51.11 and a 200 day moving average price of $47.54. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.49. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $52.60. The firm has a market cap of $13.71 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 5.82 and a beta of 0.99.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.25). Gaming and Leisure Properties had a net margin of 52.79% and a return on equity of 17.60%. The firm had revenue of $385.34 million for the quarter, compared to analyst estimates of $385.09 million. During the same period last year, the firm earned $0.92 earnings per share. Gaming and Leisure Properties's revenue for the quarter was up 7.2% compared to the same quarter last year. Equities research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 6.02%. The ex-dividend date of this dividend was Friday, September 13th. Gaming and Leisure Properties's dividend payout ratio (DPR) is currently 112.18%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GLPI. StockNews.com cut Gaming and Leisure Properties from a "buy" rating to a "hold" rating in a report on Monday. Stifel Nicolaus boosted their target price on Gaming and Leisure Properties from $52.00 to $52.50 and gave the stock a "buy" rating in a report on Friday, July 26th. Wolfe Research raised Gaming and Leisure Properties from a "peer perform" rating to an "outperform" rating and set a $57.00 target price on the stock in a report on Friday, August 23rd. JMP Securities boosted their target price on Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock a "market outperform" rating in a report on Monday, August 12th. Finally, Royal Bank of Canada boosted their target price on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an "outperform" rating in a report on Monday, July 29th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Gaming and Leisure Properties presently has a consensus rating of "Moderate Buy" and an average price target of $52.18.

Insider Buying and Selling at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 5,605 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $48.89, for a total transaction of $274,028.45. Following the completion of the sale, the director now directly owns 156,685 shares in the company, valued at approximately $7,660,329.65. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director E Scott Urdang sold 5,605 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $48.89, for a total transaction of $274,028.45. Following the completion of the sale, the director now directly owns 156,685 shares in the company, valued at approximately $7,660,329.65. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Brandon John Moore sold 30,900 shares of the stock in a transaction on Friday, August 23rd. The stock was 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 of the company's stock, valued at approximately $10,459,298.85. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,478 shares of company stock valued at $2,495,429 in the last three months. 4.40% of the stock is currently owned by company insiders.

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.