Atria Wealth Solutions Inc. Has $312,000 Stock Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Atria Wealth Solutions Inc. lessened its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 24.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,318 shares of the real estate investment trust’s stock after selling 2,061 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Gaming and Leisure Properties were worth $312,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GLPI. Alaska Permanent Fund Corp acquired a new position in shares of Gaming and Leisure Properties in the 4th quarter valued at about $381,000. Yousif Capital Management LLC boosted its holdings in shares of Gaming and Leisure Properties by 1.7% during the 4th quarter. Yousif Capital Management LLC now owns 135,050 shares of the real estate investment trust’s stock worth $6,665,000 after buying an additional 2,263 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of Gaming and Leisure Properties during the 4th quarter worth approximately $51,000. California Public Employees Retirement System increased its stake in shares of Gaming and Leisure Properties by 41.4% in the 4th quarter. California Public Employees Retirement System now owns 924,388 shares of the real estate investment trust’s stock valued at $45,619,000 after acquiring an additional 270,667 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Gaming and Leisure Properties by 54.8% during the 4th quarter. Jennison Associates LLC now owns 3,378,874 shares of the real estate investment trust’s stock valued at $166,747,000 after acquiring an additional 1,195,765 shares during the period. Institutional investors own 91.14% of the company’s stock.

Analysts Set New Price Targets

GLPI has been the subject of a number of research reports. Mizuho reduced their price target on shares of Gaming and Leisure Properties from $50.00 to $47.00 and set a “neutral” rating for the company in a report on Thursday, March 7th. Morgan Stanley decreased their target price on Gaming and Leisure Properties from $55.00 to $53.00 and set an “overweight” rating for the company in a research report on Thursday, March 21st. JMP Securities reissued a “market outperform” rating and issued a $53.00 price objective on shares of Gaming and Leisure Properties in a research note on Monday, March 4th. StockNews.com lowered Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Royal Bank of Canada reduced their price target on shares of Gaming and Leisure Properties from $49.00 to $47.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $51.91.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang bought 2,500 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was acquired at an average cost of $45.00 per share, with a total value of $112,500.00. Following the completion of the transaction, the director now directly owns 156,685 shares of the company’s stock, valued at approximately $7,050,825. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.40% of the stock is owned by company insiders.

Gaming and Leisure Properties Stock Down 0.4 %

Gaming and Leisure Properties stock opened at $44.02 on Thursday. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $51.31. The firm’s 50-day simple moving average is $44.55 and its 200 day simple moving average is $45.71. The company has a debt-to-equity ratio of 1.49, a quick ratio of 6.47 and a current ratio of 6.47. The stock has a market cap of $11.95 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 5.08 and a beta of 0.95.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Friday, April 26th. The real estate investment trust reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.26). Gaming and Leisure Properties had a return on equity of 16.79% and a net margin of 50.05%. The business had revenue of $376.00 million for the quarter, compared to the consensus estimate of $368.44 million. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. Research analysts predict that Gaming and Leisure Properties, Inc. will post 3.66 EPS for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.91%. 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 payout ratio is 112.18%.

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.