Cerity Partners LLC boosted its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Free Report) by 60.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,882 shares of the real estate investment trust’s stock after buying an additional 2,959 shares during the quarter. Cerity Partners LLC’s holdings in Gaming and Leisure Properties were worth $389,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Operose Advisors LLC acquired a new position in shares of Gaming and Leisure Properties during the 3rd quarter worth about $32,000. Armstrong Advisory Group Inc. boosted its holdings in Gaming and Leisure Properties by 166.2% in the fourth quarter. Armstrong Advisory Group Inc. now owns 1,203 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 751 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Gaming and Leisure Properties in the third quarter valued at approximately $79,000. CWM LLC raised its holdings in Gaming and Leisure Properties by 38.7% during the third quarter. CWM LLC now owns 1,954 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 545 shares in the last quarter. Finally, Rocky Mountain Advisers LLC purchased a new stake in shares of Gaming and Leisure Properties during the 4th quarter worth approximately $103,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, Director E Scott Urdang acquired 2,500 shares of the company’s stock in a transaction on Friday, March 1st. The shares were bought at an average cost of $45.00 per share, with a total value of $112,500.00. Following the purchase, the director now owns 156,685 shares of the company’s stock, valued at approximately $7,050,825. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.40% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Report on Gaming and Leisure Properties
Gaming and Leisure Properties Stock Down 2.2 %
GLPI opened at $42.46 on Friday. Gaming and Leisure Properties, Inc. has a 52 week low of $41.80 and a 52 week high of $52.31. The business has a 50 day moving average price of $44.87 and a two-hundred day moving average price of $45.91. The company has a quick ratio of 7.41, a current ratio of 7.41 and a debt-to-equity ratio of 1.48. The company has a market cap of $11.53 billion, a PE ratio of 15.33, a P/E/G ratio of 5.43 and a beta of 0.94.
Gaming and Leisure Properties Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 7.16%. 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%.
About Gaming and Leisure Properties
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.
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