GSI Capital Advisors LLC increased its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Free Report) by 28.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,950 shares of the real estate investment trust’s stock after acquiring an additional 20,490 shares during the quarter. Gaming and Leisure Properties comprises 2.3% of GSI Capital Advisors LLC’s portfolio, making the stock its 19th biggest holding. GSI Capital Advisors LLC’s holdings in Gaming and Leisure Properties were worth $4,154,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in GLPI. V Square Quantitative Management LLC acquired a new position in shares of Gaming and Leisure Properties during the 4th quarter worth approximately $29,000. International Assets Investment Management LLC bought a new stake in Gaming and Leisure Properties in the 4th quarter valued at $31,000. True Wealth Design LLC boosted its stake in Gaming and Leisure Properties by 238.3% in the 4th quarter. True Wealth Design LLC now owns 866 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 610 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Gaming and Leisure Properties by 107.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 887 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 460 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in Gaming and Leisure Properties by 48.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,212 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 394 shares during the period. 91.14% of the stock is owned by institutional investors and hedge funds.
Gaming and Leisure Properties Stock Performance
NASDAQ:GLPI opened at $47.87 on Friday. The stock has a fifty day moving average price of $47.03 and a 200-day moving average price of $46.06. The company has a market cap of $13.57 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 2.09 and a beta of 0.66. The company has a debt-to-equity ratio of 1.62, a quick ratio of 6.29 and a current ratio of 6.29. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.17 and a fifty-two week high of $49.95.
Gaming and Leisure Properties Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Friday, June 12th. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. Gaming and Leisure Properties’s dividend payout ratio is currently 99.05%.
Insider Buying and Selling at Gaming and Leisure Properties
In related news, Director E Scott Urdang sold 3,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total transaction of $144,960.00. Following the completion of the sale, the director directly owned 127,429 shares in the company, valued at $6,157,369.28. This represents a 2.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.11% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several analysts recently issued reports on GLPI shares. Weiss Ratings upgraded Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 15th. Royal Bank Of Canada boosted their price target on Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Mizuho boosted their price target on Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. Barclays boosted their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Finally, Scotiabank boosted their price target on Gaming and Leisure Properties from $50.00 to $52.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 12th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Gaming and Leisure Properties currently has an average rating of “Moderate Buy” and an average price target of $52.89.
Read Our Latest Stock Report on GLPI
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.
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