Lecap Asset Management Ltd. Raises Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Lecap Asset Management Ltd. increased its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 32.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 26,105 shares of the real estate investment trust’s stock after acquiring an additional 6,333 shares during the period. Lecap Asset Management Ltd.’s holdings in Gaming and Leisure Properties were worth $1,257,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Segall Bryant & Hamill LLC acquired a new stake in shares of Gaming and Leisure Properties during the third quarter worth approximately $693,000. Sanctuary Advisors LLC boosted its stake in Gaming and Leisure Properties by 76.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 32,316 shares of the real estate investment trust’s stock valued at $1,646,000 after acquiring an additional 13,965 shares during the last quarter. Zacks Investment Management grew its holdings in Gaming and Leisure Properties by 10.9% during the 3rd quarter. Zacks Investment Management now owns 522,197 shares of the real estate investment trust’s stock worth $26,867,000 after acquiring an additional 51,398 shares in the last quarter. Cerity Partners LLC increased its position in shares of Gaming and Leisure Properties by 87.5% in the 3rd quarter. Cerity Partners LLC now owns 14,410 shares of the real estate investment trust’s stock worth $741,000 after purchasing an additional 6,724 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new stake in shares of Gaming and Leisure Properties in the 4th quarter valued at about $526,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ GLPI opened at $49.08 on Friday. Gaming and Leisure Properties, Inc. has a 12-month low of $41.80 and a 12-month high of $52.60. The company has a market cap of $13.47 billion, a PE ratio of 17.16, a P/E/G ratio of 1.97 and a beta of 0.99. The stock has a 50 day simple moving average of $48.45 and a 200-day simple moving average of $49.79. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62.

Gaming and Leisure Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.19%. The ex-dividend date of this dividend was Friday, December 6th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 106.29%.

Insider Activity at Gaming and Leisure Properties

In related news, SVP Matthew Demchyk sold 1,149 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $47.80, for a total transaction of $54,922.20. Following the sale, the senior vice president now owns 91,620 shares of the company’s stock, valued at $4,379,436. The trade was a 1.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Brandon John Moore sold 3,982 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total value of $190,498.88. Following the transaction, the chief operating officer now directly owns 278,634 shares of the company’s stock, valued at approximately $13,329,850.56. The trade was a 1.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,222 shares of company stock worth $1,624,947 over the last ninety days. 4.37% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Barclays assumed coverage on Gaming and Leisure Properties in a research note on Tuesday, December 17th. They issued an “equal weight” rating and a $54.53 price target for the company. Deutsche Bank Aktiengesellschaft upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and lifted their target price for the stock from $49.00 to $54.00 in a research report on Wednesday, November 20th. Morgan Stanley lowered 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 research report on Wednesday, January 15th. JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $49.00 to $54.00 in a report on Friday, December 13th. Finally, Mizuho dropped 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 report on Thursday, November 14th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.