Thrivent Financial for Lutherans Sells 46,196 Shares of Gaming and Leisure Properties, Inc. $GLPI

Thrivent Financial for Lutherans lessened its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 31.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 99,164 shares of the real estate investment trust’s stock after selling 46,196 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Gaming and Leisure Properties were worth $4,622,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Rakuten Investment Management Inc. purchased a new position in shares of Gaming and Leisure Properties in the third quarter valued at about $1,162,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Gaming and Leisure Properties by 6.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,998,574 shares of the real estate investment trust’s stock worth $93,154,000 after purchasing an additional 124,745 shares during the period. Balyasny Asset Management L.P. bought a new stake in shares of Gaming and Leisure Properties in the second quarter worth about $124,785,000. National Pension Service grew its stake in shares of Gaming and Leisure Properties by 26.6% in the third quarter. National Pension Service now owns 273,012 shares of the real estate investment trust’s stock worth $12,725,000 after purchasing an additional 57,282 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Gaming and Leisure Properties by 691,400.0% during the 3rd quarter. Pacer Advisors Inc. now owns 48,405 shares of the real estate investment trust’s stock valued at $2,256,000 after purchasing an additional 48,398 shares during the period. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Insider Activity

In other news, SVP Steven Ladany sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $44.77, for a total value of $805,860.00. Following the sale, the senior vice president directly owned 65,099 shares of the company’s stock, valued at $2,914,482.23. The trade was a 21.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 36,864 shares of company stock worth $1,650,906 in the last ninety days. 4.26% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

GLPI has been the subject of several research analyst reports. Morgan Stanley increased their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 24th. Barclays dropped their price target on Gaming and Leisure Properties from $54.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. Stifel Nicolaus set a $47.75 price target on shares of Gaming and Leisure Properties in a report on Monday, December 15th. Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 22nd. Finally, Scotiabank dropped their target price on shares of Gaming and Leisure Properties from $50.00 to $48.00 and set a “sector perform” rating for the company in a research report on Monday, February 2nd. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $51.70.

Gaming and Leisure Properties Stock Down 0.1%

NASDAQ:GLPI opened at $45.32 on Friday. The firm’s 50-day moving average price is $44.53 and its 200-day moving average price is $45.41. The company has a market capitalization of $12.83 billion, a PE ratio of 16.42, a P/E/G ratio of 2.51 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, Inc. has a 1-year low of $41.17 and a 1-year high of $52.24.

Gaming and Leisure Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.9%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 113.04%.

Gaming and Leisure Properties Company 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.