Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 16.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,212 shares of the real estate investment trust's stock after selling 8,119 shares during the quarter. Pacer Advisors Inc.'s holdings in Gaming and Leisure Properties were worth $1,937,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Assetmark Inc. grew its holdings in shares of Gaming and Leisure Properties by 2,547.6% in the third quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 535 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Gaming and Leisure Properties by 142.2% in the third quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 384 shares during the last quarter. Abich Financial Wealth Management LLC grew its holdings in shares of Gaming and Leisure Properties by 3,191.3% in the third quarter. Abich Financial Wealth Management LLC now owns 757 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 734 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Gaming and Leisure Properties in the third quarter worth about $39,000. Finally, UMB Bank n.a. grew its holdings in shares of Gaming and Leisure Properties by 388.2% in 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 during the last quarter. Hedge funds and other institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Stock Up 0.3 %

Shares of Gaming and Leisure Properties stock traded up $0.14 on Tuesday, reaching $48.56. The stock had a trading volume of 922,648 shares, compared to its average volume of 1,002,751. The company has a 50 day moving average price of $48.65 and a 200 day moving average price of $49.79. The stock has a market capitalization of $13.32 billion, a P/E ratio of 16.98, a P/E/G ratio of 1.97 and a beta of 0.99. 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, Inc. has a 1 year low of $41.80 and a 1 year high of $52.60.

Gaming and Leisure Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 6.26%. The ex-dividend date of this dividend was Friday, December 6th. Gaming and Leisure Properties's dividend payout ratio (DPR) is presently 106.29%.

Insider Buying and Selling

In related news, SVP Matthew Demchyk sold 17,617 shares of Gaming and Leisure Properties stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $49.40, for a total value of $870,279.80. Following the completion of the sale, the senior vice president now directly owns 54,140 shares in the company, valued at $2,674,516. This trade represents a 24.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Brandon John Moore sold 3,982 shares of Gaming and Leisure Properties stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total transaction of $190,498.88. Following the completion of the sale, the chief operating officer now owns 278,634 shares of the company's stock, valued at $13,329,850.56. This trade represents a 1.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,222 shares of company stock worth $1,624,947 in the last three months. Corporate insiders own 4.37% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on GLPI shares. Morgan Stanley cut shares of Gaming and Leisure Properties from an "overweight" rating to an "equal weight" rating and set a $53.00 price target on the stock. in a report on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a "hold" rating to a "buy" rating and raised their target price for the company from $49.00 to $54.00 in a research report on Wednesday, November 20th. JMP Securities reissued a "market outperform" rating and set a $55.00 target price on shares of Gaming and Leisure Properties in a research report on Wednesday, December 18th. Stifel Nicolaus raised their target price on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Finally, Mizuho cut their target price on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a "neutral" rating on the stock in a research report on Thursday, November 14th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Gaming and Leisure Properties has an average rating of "Moderate Buy" and a consensus price target of $53.93.

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.