Gaming and Leisure Properties, Inc. $GLPI Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. increased its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 59.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 30,728 shares of the real estate investment trust’s stock after purchasing an additional 11,407 shares during the quarter. D.A. Davidson & CO.’s holdings in Gaming and Leisure Properties were worth $1,434,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in GLPI. Private Trust Co. NA purchased a new position in Gaming and Leisure Properties during the first quarter worth about $28,000. TD Private Client Wealth LLC lifted its position in Gaming and Leisure Properties by 64.2% during the first quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 213 shares during the period. V Square Quantitative Management LLC purchased a new position in Gaming and Leisure Properties during the second quarter worth about $30,000. REAP Financial Group LLC lifted its position in Gaming and Leisure Properties by 66.0% during the second quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 264 shares during the period. Finally, Wayfinding Financial LLC purchased a new position in Gaming and Leisure Properties during the first quarter worth about $33,000. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Stock Up 0.4%

Shares of NASDAQ GLPI opened at $44.99 on Tuesday. Gaming and Leisure Properties, Inc. has a 12-month low of $44.21 and a 12-month high of $52.27. The company has a market cap of $12.73 billion, a P/E ratio of 17.44, a P/E/G ratio of 9.75 and a beta of 0.74. The company has a current ratio of 7.39, a quick ratio of 7.39 and a debt-to-equity ratio of 1.41. The stock has a fifty day moving average price of $46.63 and a 200 day moving average price of $46.89.

Gaming and Leisure Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend was Friday, September 12th. Gaming and Leisure Properties’s dividend payout ratio is presently 120.93%.

Analysts Set New Price Targets

A number of analysts have recently commented on GLPI shares. Royal Bank Of Canada dropped their price objective on Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating for the company in a report on Monday, July 28th. Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Wednesday, October 8th. Mizuho upped their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Stifel Nicolaus downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating and set a $51.25 price objective for the company. in a report on Monday, July 21st. Finally, Cantor Fitzgerald started coverage on Gaming and Leisure Properties in a report on Wednesday, October 1st. They set a “neutral” rating and a $51.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $52.94.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $46.54, for a total value of $139,620.00. Following the completion of the transaction, the director directly owned 133,953 shares of the company’s stock, valued at $6,234,172.62. This represents a 2.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.26% of the stock is currently 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.