Tredje AP fonden Trims Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Tredje AP fonden lowered its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 50.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,901 shares of the real estate investment trust’s stock after selling 20,900 shares during the period. Tredje AP fonden’s holdings in Gaming and Leisure Properties were worth $1,007,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GLPI. GAMMA Investing LLC raised its holdings in shares of Gaming and Leisure Properties by 8.7% in the 4th quarter. GAMMA Investing LLC now owns 2,826 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 226 shares in the last quarter. Opal Wealth Advisors LLC increased its holdings in shares of Gaming and Leisure Properties by 4.9% in the 4th quarter. Opal Wealth Advisors LLC now owns 5,082 shares of the real estate investment trust’s stock worth $245,000 after buying an additional 238 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Gaming and Leisure Properties by 5.1% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 5,433 shares of the real estate investment trust’s stock valued at $280,000 after buying an additional 262 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Gaming and Leisure Properties by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 55,881 shares of the real estate investment trust’s stock worth $2,691,000 after acquiring an additional 277 shares during the last quarter. Finally, CIBC Asset Management Inc grew its position in Gaming and Leisure Properties by 3.6% in the third quarter. CIBC Asset Management Inc now owns 7,948 shares of the real estate investment trust’s stock worth $409,000 after acquiring an additional 278 shares in the last quarter. 91.14% of the stock is owned by institutional investors.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ:GLPI opened at $49.78 on Friday. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. The company has a 50-day moving average price of $48.75 and a 200-day moving average price of $49.79. The company has a market cap of $13.68 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 2.01 and a beta of 1.00. Gaming and Leisure Properties, Inc. has a 12 month low of $41.80 and a 12 month high of $52.60.

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

Gaming and Leisure Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 6.11%. The ex-dividend date of this dividend is Friday, March 14th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 105.92%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Barclays lowered their price target on Gaming and Leisure Properties from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 4th. Scotiabank decreased their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $49.00 to $54.00 in a research note on Friday, December 13th. Wells Fargo & Company lifted their price target on shares of Gaming and Leisure Properties from $50.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. Finally, JMP Securities restated a “market outperform” rating and issued a $55.00 price objective on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $53.96.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, 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 sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director E Scott Urdang sold 5,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $50.89, for a total value of $254,450.00. Following the completion of the transaction, the director now directly owns 140,953 shares of the company’s stock, valued at $7,173,098.17. This represents a 3.43 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,064 shares of company stock valued at $2,778,908. 4.37% of the stock is currently owned by company insiders.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in the provision of 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.