Forsta AP Fonden Sells 10,200 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Forsta AP Fonden cut its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 9.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,600 shares of the real estate investment trust's stock after selling 10,200 shares during the quarter. Forsta AP Fonden's holdings in Gaming and Leisure Properties were worth $4,816,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Ignite Planners LLC boosted its stake in shares of Gaming and Leisure Properties by 1.8% during the 2nd quarter. Ignite Planners LLC now owns 12,181 shares of the real estate investment trust's stock worth $543,000 after acquiring an additional 220 shares in the last quarter. EP Wealth Advisors LLC boosted its stake in shares of Gaming and Leisure Properties by 0.7% during the 2nd quarter. EP Wealth Advisors LLC now owns 33,990 shares of the real estate investment trust's stock worth $1,537,000 after acquiring an additional 220 shares in the last quarter. Ieq Capital LLC boosted its stake in shares of Gaming and Leisure Properties by 0.3% during the 2nd quarter. Ieq Capital LLC now owns 90,749 shares of the real estate investment trust's stock worth $4,103,000 after acquiring an additional 257 shares in the last quarter. Marshall Financial Group LLC boosted its position in shares of Gaming and Leisure Properties by 1.4% in the third quarter. Marshall Financial Group LLC now owns 20,917 shares of the real estate investment trust's stock worth $1,076,000 after buying an additional 289 shares during the period. Finally, Private Advisor Group LLC boosted its position in shares of Gaming and Leisure Properties by 2.7% in the first quarter. Private Advisor Group LLC now owns 11,440 shares of the real estate investment trust's stock worth $527,000 after buying an additional 299 shares during the period. 91.14% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,605 shares of the company's stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $48.89, for a total value of $274,028.45. Following the completion of the transaction, the director now owns 156,685 shares of the company's stock, valued at $7,660,329.65. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Gaming and Leisure Properties news, CFO Desiree A. Burke sold 12,973 shares of the company's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $52.02, for a total value of $674,855.46. Following the completion of the transaction, the chief financial officer now owns 108,073 shares of the company's stock, valued at $5,621,957.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director E Scott Urdang sold 5,605 shares of the company's stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $48.89, for a total value of $274,028.45. Following the completion of the sale, the director now owns 156,685 shares in the company, valued at approximately $7,660,329.65. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,363 shares of company stock valued at $2,840,781. Insiders own 4.40% of the company's stock.

Analyst Ratings Changes

GLPI has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on Gaming and Leisure Properties from $47.00 to $48.00 and gave the stock a "hold" rating in a research report on Monday, July 29th. Stifel Nicolaus boosted their target price on Gaming and Leisure Properties from $52.00 to $52.50 and gave the company a "buy" rating in a research note on Friday, July 26th. JMP Securities restated a "market outperform" rating and issued a $55.00 target price on shares of Gaming and Leisure Properties in a research note on Tuesday. Raymond James boosted their target price on Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an "outperform" rating in a research note on Wednesday, August 21st. Finally, StockNews.com downgraded Gaming and Leisure Properties from a "buy" rating to a "hold" rating in a research note on Monday. 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, Gaming and Leisure Properties currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.18.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ GLPI traded up $0.38 during trading hours on Tuesday, hitting $50.87. 2,367,711 shares of the company's stock were exchanged, compared to its average volume of 1,316,676. Gaming and Leisure Properties, Inc. has a 1-year low of $41.80 and a 1-year high of $52.60. The company has a debt-to-equity ratio of 1.49, a current ratio of 5.91 and a quick ratio of 5.91. The stock has a market capitalization of $13.81 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 5.82 and a beta of 0.99. The company's 50-day moving average price is $51.13 and its 200-day moving average price is $47.60.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.25). Gaming and Leisure Properties had a return on equity of 17.60% and a net margin of 52.79%. The business had revenue of $385.34 million for the quarter, compared to analyst estimates of $385.09 million. During the same period in the prior year, the firm posted $0.92 EPS. Gaming and Leisure Properties's revenue for the quarter was up 7.2% on a year-over-year basis. On average, sell-side analysts expect that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.76 per share. The ex-dividend date was Friday, September 13th. This represents a $3.04 annualized dividend and a dividend yield of 5.98%. Gaming and Leisure Properties's dividend payout ratio is presently 112.18%.

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.