Geneos Wealth Management Inc. Decreases Stock Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Geneos Wealth Management Inc. cut its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 85.5% in the fourth quarter, HoldingsChannel reports. The firm owned 550 shares of the real estate investment trust’s stock after selling 3,250 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Gaming and Leisure Properties were worth $27,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GLPI. Cambridge Investment Research Advisors Inc. boosted its holdings in Gaming and Leisure Properties by 23.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,197 shares of the real estate investment trust’s stock valued at $760,000 after purchasing an additional 3,049 shares during the period. Bank of Montreal Can lifted its holdings in Gaming and Leisure Properties by 46.2% during the 1st quarter. Bank of Montreal Can now owns 123,317 shares of the real estate investment trust’s stock worth $5,837,000 after buying an additional 38,942 shares during the last quarter. MetLife Investment Management LLC purchased a new stake in Gaming and Leisure Properties during the 1st quarter worth about $219,000. Great West Life Assurance Co. Can lifted its holdings in Gaming and Leisure Properties by 41.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 21,974 shares of the real estate investment trust’s stock worth $1,086,000 after buying an additional 6,399 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in Gaming and Leisure Properties by 22.2% during the 1st quarter. Yousif Capital Management LLC now owns 14,425 shares of the real estate investment trust’s stock worth $677,000 after buying an additional 2,620 shares during the last quarter. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Gaming and Leisure Properties

In related news, Director E Scott Urdang bought 2,500 shares of the stock in a transaction on Friday, March 1st. The shares were purchased at an average price of $45.00 per share, for a total transaction of $112,500.00. Following the acquisition, the director now owns 156,685 shares in the company, valued at $7,050,825. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.40% of the stock is owned by insiders.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI opened at $42.03 on Thursday. The business’s fifty day moving average price is $45.15 and its two-hundred day moving average price is $46.00. The stock has a market cap of $11.41 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 5.35 and a beta of 0.94. The company has a debt-to-equity ratio of 1.48, a quick ratio of 7.41 and a current ratio of 7.41. Gaming and Leisure Properties, Inc. has a one year low of $41.80 and a one year high of $52.45.

Gaming and Leisure Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 7.23%. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.73. Gaming and Leisure Properties’s dividend payout ratio is 109.75%.

Wall Street Analysts Forecast Growth

GLPI has been the subject of a number of recent analyst reports. Royal Bank of Canada decreased their price target on Gaming and Leisure Properties from $50.00 to $49.00 and set an “outperform” rating for the company in a report on Thursday, February 29th. StockNews.com raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Thursday, February 29th. Mizuho dropped their price target on Gaming and Leisure Properties from $50.00 to $47.00 and set a “neutral” rating on the stock in a research report on Thursday, March 7th. Morgan Stanley dropped their price target on Gaming and Leisure Properties from $55.00 to $53.00 and set an “overweight” rating on the stock in a research report on Thursday, March 21st. Finally, JMP Securities restated a “market outperform” rating and issued a $53.00 price target on shares of Gaming and Leisure Properties in a research report on Monday, March 4th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $52.09.

Gaming and Leisure Properties Company Profile

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.