Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 87.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,877 shares of the real estate investment trust’s stock after selling 54,612 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Gaming and Leisure Properties were worth $379,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Private Advisor Group LLC grew its stake in Gaming and Leisure Properties by 9.2% during the third quarter. Private Advisor Group LLC now owns 13,646 shares of the real estate investment trust’s stock worth $702,000 after buying an additional 1,152 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Gaming and Leisure Properties by 8.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,586 shares of the real estate investment trust’s stock worth $596,000 after purchasing an additional 928 shares during the period. First Trust Direct Indexing L.P. increased its holdings in Gaming and Leisure Properties by 8.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 8,133 shares of the real estate investment trust’s stock valued at $418,000 after purchasing an additional 616 shares in the last quarter. Pinnacle Associates Ltd. increased its holdings in Gaming and Leisure Properties by 23.7% in the 3rd quarter. Pinnacle Associates Ltd. now owns 6,573 shares of the real estate investment trust’s stock valued at $324,000 after purchasing an additional 1,258 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in 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 valued at $34,000 after purchasing an additional 384 shares during the period. Institutional investors and hedge funds own 91.14% of the company’s stock.

Insider Buying and Selling

In other Gaming and Leisure Properties news, COO Brandon John Moore sold 3,982 shares of the firm’s stock in a transaction that occurred 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 sale, the chief operating officer now owns 278,634 shares in the company, valued at approximately $13,329,850.56. This trade represents a 1.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director E Scott Urdang sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $49.72, for a total value of $248,600.00. Following the completion of the sale, the director now owns 145,953 shares in the company, valued at approximately $7,256,783.16. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,222 shares of company stock valued at $1,873,547. Insiders own 4.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Barclays initiated coverage on Gaming and Leisure Properties in a research note on Tuesday, December 17th. They issued an “equal weight” rating and a $54.53 target price for the company. Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and increased their price objective for the company from $49.00 to $54.00 in a research report on Wednesday, November 20th. JPMorgan Chase & Co. upgraded shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $49.00 to $54.00 in a research note on Friday, December 13th. Stifel Nicolaus upped 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 note on Tuesday, November 26th. Finally, Scotiabank dropped their price target on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $54.15.

Gaming and Leisure Properties Trading Down 0.6 %

Shares of NASDAQ GLPI opened at $49.86 on Tuesday. Gaming and Leisure Properties, Inc. has a 52-week low of $41.80 and a 52-week high of $52.60. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $13.70 billion, a P/E ratio of 17.37, a PEG ratio of 2.01 and a beta of 0.99. The stock’s 50 day moving average price is $48.36 and its two-hundred day moving average price is $49.79.

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, topping analysts’ consensus estimates of $0.94 by $0.01. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. The firm had revenue of $389.62 million during the quarter, compared to the consensus estimate of $391.54 million. On average, analysts anticipate 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 declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.10%. The ex-dividend date is Friday, March 14th. Gaming and Leisure Properties’s payout ratio is 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.