Skandinaviska Enskilda Banken AB publ Buys 17,500 Shares of Gaming and Leisure Properties, Inc. $GLPI

Skandinaviska Enskilda Banken AB publ raised its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 3.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 508,208 shares of the real estate investment trust’s stock after purchasing an additional 17,500 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned 0.18% of Gaming and Leisure Properties worth $23,688,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Spire Wealth Management increased its stake in Gaming and Leisure Properties by 62.3% during the third quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 238 shares during the period. Freedom Investment Management Inc. increased its position in shares of Gaming and Leisure Properties by 4.6% during the second quarter. Freedom Investment Management Inc. now owns 5,977 shares of the real estate investment trust’s stock valued at $279,000 after purchasing an additional 261 shares during the period. Whittier Trust Co. raised its stake in shares of Gaming and Leisure Properties by 18.4% in the second quarter. Whittier Trust Co. now owns 1,708 shares of the real estate investment trust’s stock valued at $80,000 after purchasing an additional 265 shares in the last quarter. Securian Asset Management Inc. lifted its position in Gaming and Leisure Properties by 1.3% in the third quarter. Securian Asset Management Inc. now owns 21,195 shares of the real estate investment trust’s stock worth $988,000 after purchasing an additional 265 shares during the period. Finally, Apella Capital LLC boosted its stake in Gaming and Leisure Properties by 4.8% during the third quarter. Apella Capital LLC now owns 5,904 shares of the real estate investment trust’s stock worth $263,000 after buying an additional 273 shares in the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Up 1.9%

NASDAQ GLPI opened at $47.27 on Wednesday. The stock’s 50 day simple moving average is $45.05 and its 200 day simple moving average is $45.41. Gaming and Leisure Properties, Inc. has a one year low of $41.17 and a one year high of $52.24. The firm has a market cap of $13.38 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 2.56 and a beta of 0.67. The company has a debt-to-equity ratio of 1.47, a current ratio of 13.23 and a quick ratio of 13.23.

Gaming and Leisure Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend was Friday, December 5th. Gaming and Leisure Properties’s payout ratio is currently 113.04%.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, SVP Steven Ladany sold 18,000 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $44.77, for a total value of $805,860.00. Following the completion of the sale, the senior vice president owned 65,099 shares in the company, valued at approximately $2,914,482.23. This trade represents a 21.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 36,864 shares of company stock worth $1,650,906. 4.26% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on GLPI shares. Stifel Nicolaus set a $48.50 price objective on shares of Gaming and Leisure Properties in a research note on Thursday, February 12th. Morgan Stanley increased their price target on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 22nd. Barclays upped their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Finally, Cantor Fitzgerald cut their target price on Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Gaming and Leisure Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.86.

Gaming and Leisure Properties Profile

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust (REIT) specializing in the ownership and management of gaming and entertainment properties. Established in 2013 as a spin-off from Penn National Gaming, the company was designed to acquire and hold real estate assets associated with casinos, racetracks and other gaming facilities, while leasing those assets back to operating partners under long-term, triple-net lease agreements.

The company’s core activities involve identifying attractive gaming real estate, structuring lease agreements that align tenant incentives with property performance, and actively managing its portfolio to enhance asset value.