Hanlon Investment Management Inc. Sells 55,696 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Hanlon Investment Management Inc. decreased its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 3.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,580,592 shares of the real estate investment trust's stock after selling 55,696 shares during the quarter. Gaming and Leisure Properties makes up 22.8% of Hanlon Investment Management Inc.'s portfolio, making the stock its biggest holding. Hanlon Investment Management Inc. owned 0.58% of Gaming and Leisure Properties worth $81,321,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC purchased a new stake in Gaming and Leisure Properties in the 2nd quarter worth $31,000. EdgeRock Capital LLC purchased a new stake in shares of Gaming and Leisure Properties in the second quarter valued at approximately $33,000. Versant Capital Management Inc lifted its holdings in shares of Gaming and Leisure Properties by 18,500.0% in the 2nd quarter. Versant Capital Management Inc now owns 744 shares of the real estate investment trust's stock worth $34,000 after buying an additional 740 shares during the period. Farther Finance Advisors LLC grew its holdings in 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 worth $34,000 after acquiring an additional 384 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of 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 valued at $35,000 after purchasing an additional 590 shares in the last quarter. Institutional investors own 91.14% of the company's stock.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,605 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $48.89, for a total value of $274,028.45. Following the sale, the director now owns 156,685 shares of the company's stock, valued at $7,660,329.65. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director E Scott Urdang sold 5,605 shares of Gaming and Leisure Properties stock in a transaction on Monday, August 12th. The shares were 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 of the company's stock, valued at approximately $7,660,329.65. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Desiree A. Burke sold 12,973 shares of the stock in a transaction dated Friday, August 30th. The shares were 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 in the company, valued at approximately $5,621,957.46. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 59,363 shares of company stock valued at $2,991,951 in the last ninety days. Company insiders own 4.37% of the company's stock.

Gaming and Leisure Properties Trading Up 0.4 %

NASDAQ:GLPI traded up $0.19 on Tuesday, hitting $50.78. The stock had a trading volume of 824,038 shares, compared to its average volume of 1,316,355. Gaming and Leisure Properties, Inc. has a 1-year low of $41.80 and a 1-year high of $52.60. The stock has a market cap of $13.93 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 2.14 and a beta of 0.99. The company has a fifty day moving average price of $51.13 and a two-hundred day moving average price of $47.83. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62.

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 for the quarter, missing the consensus estimate of $0.92 by ($0.25). The company had revenue of $385.34 million for the quarter, compared to analysts' expectations of $385.09 million. Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. The company's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business earned $0.92 EPS. Equities research analysts expect that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.04 dividend on an annualized basis and a yield of 5.99%. Gaming and Leisure Properties's dividend payout ratio (DPR) is presently 106.29%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GLPI. Raymond James raised their price target on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an "outperform" rating in a report on Wednesday, August 21st. Royal Bank of Canada increased their price objective 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. Wells Fargo & Company reissued an "equal weight" rating and issued a $52.00 price target (up from $51.00) on shares of Gaming and Leisure Properties in a report on Tuesday, October 1st. StockNews.com cut Gaming and Leisure Properties from a "buy" rating to a "hold" rating in a report on Monday, October 28th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $55.00 target price on shares of Gaming and Leisure Properties in a research report on Tuesday, October 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. According to data from MarketBeat.com, Gaming and Leisure Properties presently has an average rating of "Moderate Buy" and a consensus price target of $52.18.

Gaming and Leisure Properties Company Profile

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.