Capital Analysts LLC Has $52,000 Stock Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Capital Analysts LLC lessened its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 18.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,064 shares of the real estate investment trust’s stock after selling 245 shares during the quarter. Capital Analysts LLC’s holdings in Gaming and Leisure Properties were worth $52,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Pacer Advisors Inc. raised its stake in Gaming and Leisure Properties by 107.4% during the 4th quarter. Pacer Advisors Inc. now owns 45,803 shares of the real estate investment trust’s stock worth $2,260,000 after buying an additional 23,722 shares during the period. Signature Wealth Management Group acquired a new stake in Gaming and Leisure Properties during the 4th quarter worth $3,944,000. Louisiana State Employees Retirement System acquired a new stake in shares of Gaming and Leisure Properties in the 4th quarter valued at about $3,701,000. Securian Asset Management Inc. acquired a new stake in shares of Gaming and Leisure Properties in the 3rd quarter valued at about $1,013,000. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Gaming and Leisure Properties by 5.7% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 87,211 shares of the real estate investment trust’s stock valued at $4,306,000 after purchasing an additional 4,678 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, Director E Scott Urdang purchased 2,500 shares of Gaming and Leisure Properties stock in a transaction that occurred on Friday, March 1st. The stock was acquired at an average price of $45.00 per share, for a total transaction of $112,500.00. Following the completion of the acquisition, the director now owns 156,685 shares of the company’s stock, valued at approximately $7,050,825. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.40% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI opened at $42.80 on Friday. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $52.45. The company has a debt-to-equity ratio of 1.48, a current ratio of 7.41 and a quick ratio of 7.41. The stock has a market capitalization of $11.62 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 5.25 and a beta of 0.94. The business has a 50-day moving average of $45.03 and a 200-day moving average of $45.96.

Gaming and Leisure Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.76 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.04 dividend on an annualized basis and a yield of 7.10%. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.73. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 109.75%.

Analysts Set New Price Targets

Several analysts have issued reports on GLPI shares. 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 note 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 note on Thursday, March 21st. JMP Securities reissued a “market outperform” rating and issued a $53.00 price target on shares of Gaming and Leisure Properties in a research note on Monday, March 4th. StockNews.com raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th. Finally, Royal Bank of Canada dropped their price target on Gaming and Leisure Properties from $50.00 to $49.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.