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

Prudent Man Advisors LLC lowered its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 10.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,371 shares of the real estate investment trust’s stock after selling 497 shares during the period. Prudent Man Advisors LLC’s holdings in Gaming and Leisure Properties were worth $211,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Aew Capital Management L P increased its position in shares of Gaming and Leisure Properties by 1,786.5% during the fourth quarter. Aew Capital Management L P now owns 761,600 shares of the real estate investment trust’s stock worth $36,679,000 after purchasing an additional 721,230 shares in the last quarter. US Bancorp DE grew its holdings in shares of Gaming and Leisure Properties by 106.2% during the fourth quarter. US Bancorp DE now owns 44,745 shares of the real estate investment trust’s stock worth $2,155,000 after buying an additional 23,050 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of Gaming and Leisure Properties by 0.6% during the fourth quarter. Mutual of America Capital Management LLC now owns 220,621 shares of the real estate investment trust’s stock worth $10,625,000 after buying an additional 1,309 shares during the last quarter. QRG Capital Management Inc. grew its holdings in shares of Gaming and Leisure Properties by 3.5% during the fourth quarter. QRG Capital Management Inc. now owns 152,426 shares of the real estate investment trust’s stock worth $7,341,000 after buying an additional 5,127 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of Gaming and Leisure Properties during the fourth quarter worth about $768,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Royal Bank of Canada lowered their price target on Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. JMP Securities reissued a “market outperform” rating and set a $55.00 target price on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Stifel Nicolaus upped their price target on Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Mizuho lowered their price target on 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. Finally, Deutsche Bank Aktiengesellschaft upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and increased their target price for the company from $49.00 to $54.00 in a report on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.15.

Insider Activity

In other news, SVP Matthew Demchyk sold 1,149 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $47.80, for a total transaction of $54,922.20. Following the completion of the sale, the senior vice president now directly owns 91,620 shares in the company, valued at $4,379,436. This trade represents a 1.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Brandon John Moore sold 3,982 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total value of $190,498.88. Following the sale, the chief operating officer now owns 278,634 shares of the company’s stock, valued at $13,329,850.56. This represents a 1.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,222 shares of company stock worth $1,873,547 over the last ninety days. Corporate insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Trading Up 0.5 %

NASDAQ:GLPI opened at $50.15 on Friday. The business’s 50-day moving average is $48.31 and its two-hundred day moving average is $49.78. 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 12 month low of $41.80 and a 12 month high of $52.60. The firm has a market capitalization of $13.78 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.95 EPS for the quarter, beating the consensus estimate of $0.94 by $0.01. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. The company had revenue of $389.62 million for the quarter, compared to analyst estimates of $391.54 million. Research analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 6.06%. The ex-dividend date is Friday, March 14th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 105.92%.

Gaming and Leisure Properties 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.