2 weeks Ago By ABMN Staff
Ashton Thomas Private Wealth LLC purchased a new stake in shares of Gaming and Leisure Properties, Inc. ( NASDAQ:GLPI – Free Report ) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 679 shares of the real estate investment trust’s stock, valued at approximately $31,000.
Other large investors have also recently made changes to their positions in the company. Private Advisor Group LLC grew its holdings in shares of Gaming and Leisure Properties by 9.2% during the 2nd quarter.
Private Advisor Group LLC now owns 12,494 shares of the real estate investment trust’s stock valued at $565,000 after purchasing an additional 1,054 shares during the last quarter. Arizona State Retirement System raised its position in Gaming and Leisure Properties by 1.5% in the 2nd quarter.
Arizona State Retirement System now owns 74,580 shares of the real estate investment trust’s stock worth $3,372,000 after purchasing an additional 1,138 shares during the period. Victory Capital Management Inc. raised its position in Gaming and Leisure Properties by 14.
0% in the 2nd quarter. Victory Capital Management Inc. now owns 793,885 shares of the real estate investment trust’s stock worth $35,892,000 after purchasing an additional 97,594 shares during the period.
Foundations Investment Advisors LLC raised its position in Gaming and Leisure Properties by 8.7% in the 2nd quarter. Foundations Investment Advisors LLC now owns 8,222 shares of the real estate investment trust’s stock worth $372,000 after purchasing an additional 658 shares during the period.
Finally, Naviter Wealth LLC raised its position in Gaming and Leisure Properties by 5.0% in the 2nd quarter. Naviter Wealth LLC now owns 19,880 shares of the real estate investment trust’s stock worth $899,000 after purchasing an additional 954 shares during the period.
91.14% of the stock is owned by hedge funds and other institutional investors. Gaming and Leisure Properties Trading Up 0.
1 % NASDAQ:GLPI opened at $51.65 on Tuesday. Gaming and Leisure Properties, Inc.
has a one year low of $41.80 and a one year high of $52.60.
The company has a debt-to-equity ratio of 1.49, a current ratio of 5.91 and a quick ratio of 5.
91. The company’s 50-day simple moving average is $49.81 and its 200 day simple moving average is $46.
39. The firm has a market capitalization of $14.02 billion, a P/E ratio of 19.
06, a PEG ratio of 5.47 and a beta of 0.99.
Gaming and Leisure Properties Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a dividend of $0.76 per share.
This represents a $3.04 annualized dividend and a yield of 5.89%.
The ex-dividend date of this dividend is Friday, September 13th. Gaming and Leisure Properties’s payout ratio is currently 112.18%.
Analyst Upgrades and Downgrades GLPI has been the topic of a number of analyst reports. Raymond James lifted their target price on shares of Gaming and Leisure Properties from $50.00 to $53.
00 and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Wells Fargo & Company lifted their target price on shares of Gaming and Leisure Properties from $48.00 to $51.
00 and gave the stock an “equal weight” rating in a research report on Monday, August 26th. Stifel Nicolaus raised their price target on shares of Gaming and Leisure Properties from $52.00 to $52.
50 and gave the stock a “buy” rating in a report on Friday, July 26th. Wolfe Research raised shares of Gaming and Leisure Properties from a “peer perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a report on Friday, August 23rd.
Finally, StockNews.com raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Friday, July 19th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock.
According to data from MarketBeat.com, Gaming and Leisure Properties presently has a consensus rating of “Moderate Buy” and an average price target of $52.11.
View Our Latest Analysis on GLPI Insider Buying and Selling In related news, COO Brandon John Moore sold 30,900 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $50.05, for a total transaction of $1,546,545.
00. Following the sale, the chief operating officer now owns 208,977 shares of the company’s stock, valued at $10,459,298.85.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . In other Gaming and Leisure Properties news, COO Brandon John Moore sold 30,900 shares of Gaming and Leisure Properties stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $50.
05, for a total value of $1,546,545.00. Following the completion of the transaction, the chief operating officer now directly owns 208,977 shares of the company’s stock, valued at $10,459,298.
85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link . Also, Director E Scott Urdang sold 5,605 shares of Gaming and Leisure Properties stock in a transaction dated Monday, August 12th.
The stock was sold at an average price of $48.89, for a total transaction of $274,028.45.
Following the completion of the transaction, the director now directly owns 156,685 shares of the company’s stock, valued at $7,660,329.65. The disclosure for this sale can be found here .
Insiders have sold 49,478 shares of company stock valued at $2,495,429 over the last quarter. Corporate insiders own 4.40% of the company’s stock.
About Gaming and Leisure Properties ( Free Report ) 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. See Also Want to see what other hedge funds are holding GLPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gaming and Leisure Properties, Inc.
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