Tredje AP fonden Sells 20,900 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Tredje AP fonden lessened its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 50.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 added to or reduced their stakes in the stock. Assetmark Inc. grew its stake in shares of Gaming and Leisure Properties by 2,547.6% in the third quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 535 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in Gaming and Leisure Properties during the 4th quarter valued at about $31,000. CKW Financial Group lifted its stake in shares of Gaming and Leisure Properties by 75.0% in the fourth quarter. CKW Financial Group now owns 700 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 300 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Gaming and Leisure Properties during the third quarter valued at approximately $39,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Gaming and Leisure Properties during the third quarter valued at approximately $66,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Insider Activity

In related news, COO Brandon John Moore sold 3,982 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $47.84, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Matthew Demchyk sold 1,149 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $47.80, for a total transaction of $54,922.20. Following the sale, the senior vice president now directly owns 91,620 shares of the company’s stock, valued at approximately $4,379,436. This trade represents a 1.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,064 shares of company stock worth $2,778,908 over the last ninety days. Corporate insiders own 4.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GLPI shares. Stifel Nicolaus upped their price objective on Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Morgan Stanley cut Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price objective on the stock. in a research report on Wednesday, January 15th. Scotiabank lowered their target price 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. Deutsche Bank Aktiengesellschaft upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and lifted their price target for the stock from $49.00 to $54.00 in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. upgraded shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $49.00 to $54.00 in a research report on Friday, December 13th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $53.96.

Gaming and Leisure Properties Stock Up 0.7 %

GLPI stock opened at $49.78 on Friday. The business’s 50-day moving average price is $48.75 and its 200-day moving average price is $49.79. The stock has a market cap of $13.68 billion, a P/E ratio of 17.35, a PEG ratio of 2.01 and a beta of 1.00. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties, Inc. has a twelve month low of $41.80 and a twelve month high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share for the quarter, topping 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 net margin of 51.65% and a return on equity of 17.41%. On average, equities research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.76 per share. The ex-dividend date is Friday, March 14th. This represents a $3.04 dividend on an annualized basis and a yield of 6.11%. Gaming and Leisure Properties’s dividend payout ratio is presently 105.92%.

About Gaming and Leisure Properties

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.