Atria Investments Inc Increases Stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Atria Investments Inc raised its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 16.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,668 shares of the real estate investment trust’s stock after purchasing an additional 2,710 shares during the period. Atria Investments Inc’s holdings in Gaming and Leisure Properties were worth $1,012,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its position in shares of Gaming and Leisure Properties by 6.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,534,033 shares of the real estate investment trust’s stock valued at $284,726,000 after purchasing an additional 341,492 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Gaming and Leisure Properties by 9.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,104,552 shares of the real estate investment trust’s stock valued at $185,564,000 after acquiring an additional 350,250 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Gaming and Leisure Properties by 36.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,910,169 shares of the real estate investment trust’s stock valued at $134,074,000 after acquiring an additional 781,906 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Gaming and Leisure Properties by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 2,761,119 shares of the real estate investment trust’s stock worth $124,830,000 after purchasing an additional 35,311 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC grew its holdings in shares of Gaming and Leisure Properties by 1.5% during the first quarter. Lasalle Investment Management Securities LLC now owns 1,479,756 shares of the real estate investment trust’s stock worth $68,172,000 after purchasing an additional 21,667 shares in the last quarter. Institutional investors own 91.14% of the company’s stock.

Insider Buying and Selling at Gaming and Leisure Properties

In related news, COO Brandon John Moore sold 30,900 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $50.05, for a total value of $1,546,545.00. Following the completion of the transaction, the chief operating officer now directly owns 208,977 shares in the company, valued at $10,459,298.85. This trade represents a 12.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Desiree A. Burke sold 12,973 shares of Gaming and Leisure Properties stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $52.02, for a total transaction of $674,855.46. Following the transaction, the chief financial officer now directly owns 108,073 shares of the company’s stock, valued at approximately $5,621,957.46. This trade represents a 10.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,758 shares of company stock valued at $2,717,922. 4.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

GLPI has been the subject of a number of research reports. Stifel Nicolaus boosted their price target on shares of Gaming and Leisure Properties from $52.00 to $52.50 and gave the stock a “buy” rating in a research note on Friday, July 26th. Raymond James raised their price target on Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a research report on Wednesday, August 21st. StockNews.com cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Wolfe Research raised Gaming and Leisure Properties from a “peer perform” rating to an “outperform” rating and set a $57.00 price objective on the stock in a report on Friday, August 23rd. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $52.00 target price (up previously from $51.00) on shares of Gaming and Leisure Properties in a research note on Tuesday, October 1st. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $52.54.

Gaming and Leisure Properties Stock Up 1.0 %

Shares of NASDAQ:GLPI opened at $49.19 on Monday. The stock’s 50-day moving average is $50.74 and its 200 day moving average is $48.22. The company has a market cap of $13.50 billion, a PE ratio of 17.20, a P/E/G ratio of 2.12 and a beta of 0.99. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. 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 (NASDAQ:GLPI) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.25). The business had revenue of $385.34 million for the quarter, compared to the consensus estimate of $385.09 million. Gaming and Leisure Properties had a net margin of 51.93% and a return on equity of 17.31%. Gaming and Leisure Properties’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 EPS. Sell-side analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.76 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.04 annualized dividend and a yield of 6.18%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 106.29%.

Gaming and Leisure Properties 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.