Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Sold by Vivaldi Capital Management LP

Vivaldi Capital Management LP lowered its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 117,004 shares of the real estate investment trust’s stock after selling 5,788 shares during the period. Vivaldi Capital Management LP’s holdings in Gaming and Leisure Properties were worth $5,806,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Freedom Investment Management Inc. raised its position in Gaming and Leisure Properties by 3.8% in the fourth quarter. Freedom Investment Management Inc. now owns 6,063 shares of the real estate investment trust’s stock valued at $292,000 after purchasing an additional 222 shares during the period. Opal Wealth Advisors LLC raised its position in Gaming and Leisure Properties by 4.9% in the fourth quarter. Opal Wealth Advisors LLC now owns 5,082 shares of the real estate investment trust’s stock valued at $245,000 after purchasing an additional 238 shares during the period. Seeds Investor LLC raised its position in Gaming and Leisure Properties by 3.6% in the fourth quarter. Seeds Investor LLC now owns 7,350 shares of the real estate investment trust’s stock valued at $354,000 after purchasing an additional 254 shares during the period. Oregon Public Employees Retirement Fund raised its position in Gaming and Leisure Properties by 0.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 55,881 shares of the real estate investment trust’s stock valued at $2,691,000 after purchasing an additional 277 shares during the period. Finally, CKW Financial Group raised its position in Gaming and Leisure Properties by 75.0% in the fourth quarter. CKW Financial Group now owns 700 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 91.14% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on GLPI shares. Mizuho lifted their target price on Gaming and Leisure Properties from $51.00 to $53.00 and gave the company a “neutral” rating in a research report on Thursday, April 3rd. Wells Fargo & Company boosted their price objective on Gaming and Leisure Properties from $50.00 to $51.00 and gave the company an “equal weight” rating in a report on Monday, March 10th. Royal Bank of Canada cut their price objective on Gaming and Leisure Properties from $56.00 to $54.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Wedbush set a $55.00 price objective on Gaming and Leisure Properties in a report on Monday, April 28th. Finally, Scotiabank cut their price objective on Gaming and Leisure Properties from $49.00 to $48.00 and set a “sector perform” rating on the stock in a report on Monday, May 12th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $54.63.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI opened at $47.61 on Monday. The stock’s 50-day moving average is $48.55 and its two-hundred day moving average is $48.90. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. Gaming and Leisure Properties, Inc. has a 1-year low of $42.86 and a 1-year high of $52.60. The company has a market cap of $13.08 billion, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 2.01 and a beta of 0.81.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, April 24th. The real estate investment trust reported $0.96 earnings per share for the quarter, hitting the consensus estimate of $0.96. The business had revenue of $395.24 million for the quarter, compared to analyst estimates of $396.27 million. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $0.92 EPS. Analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a dividend of $0.78 per share. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.76. This represents a $3.12 annualized dividend and a yield of 6.55%. Gaming and Leisure Properties’s payout ratio is presently 108.19%.

Insider Buying and Selling

In related news, Director E Scott Urdang sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $50.89, for a total transaction of $254,450.00. Following the completion of the sale, the director now owns 140,953 shares in the company, valued at $7,173,098.17. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Matthew Demchyk sold 3,382 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $50.48, for a total value of $170,723.36. Following the sale, the senior vice president now owns 49,620 shares of the company’s stock, valued at approximately $2,504,817.60. The trade was a 6.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,842 shares of company stock worth $1,153,961 over the last 90 days. 4.26% of the stock is owned by insiders.

Gaming and Leisure Properties Profile

Gaming & Leisure Properties, Inc engages in the provision of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.