Stratos Wealth Partners LTD. Takes $279,000 Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Stratos Wealth Partners LTD. bought a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,654 shares of the real estate investment trust’s stock, valued at approximately $279,000.

Other hedge funds have also recently bought and sold shares of the company. Atlas Capital Advisors LLC grew its holdings in Gaming and Leisure Properties by 203.0% during the first quarter. Atlas Capital Advisors LLC now owns 512 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 343 shares during the period. Operose Advisors LLC purchased a new position in Gaming and Leisure Properties in the 3rd quarter worth about $32,000. Zions Bancorporation N.A. purchased a new position in Gaming and Leisure Properties in the 1st quarter worth about $43,000. RVW Wealth LLC purchased a new position in Gaming and Leisure Properties in the 3rd quarter worth about $47,000. Finally, Armstrong Advisory Group Inc. increased its stake in Gaming and Leisure Properties by 166.2% in the 4th quarter. Armstrong Advisory Group Inc. now owns 1,203 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 751 shares in the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director E Scott Urdang bought 2,500 shares of Gaming and Leisure Properties stock in a transaction that occurred on Friday, March 1st. The stock was purchased at an average cost of $45.00 per share, for a total transaction of $112,500.00. Following the acquisition, the director now owns 156,685 shares in the company, valued at $7,050,825. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 4.40% of the company’s stock.

Gaming and Leisure Properties Stock Down 0.4 %

Shares of Gaming and Leisure Properties stock opened at $42.81 on Tuesday. The firm has a market cap of $11.62 billion, a price-to-earnings ratio of 15.45, a P/E/G ratio of 5.37 and a beta of 0.94. The company has a debt-to-equity ratio of 1.48, a current ratio of 7.41 and a quick ratio of 7.41. Gaming and Leisure Properties, Inc. has a 52-week low of $42.44 and a 52-week high of $52.45. The stock has a 50-day simple moving average of $45.27 and a 200-day simple moving average of $46.05.

Gaming and Leisure Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 7.10%. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.73. The ex-dividend date was Thursday, March 14th. Gaming and Leisure Properties’s payout ratio is currently 109.75%.

Analyst Ratings Changes

A number of brokerages recently weighed in on GLPI. Royal Bank of Canada dropped their price target on Gaming and Leisure Properties from $50.00 to $49.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. StockNews.com raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th. JMP Securities reissued a “market outperform” rating and issued a $53.00 price target on shares of Gaming and Leisure Properties in a research note on Monday, March 4th. Morgan Stanley dropped their price target on Gaming and Leisure Properties from $55.00 to $53.00 and set an “overweight” rating on the stock in a research note on Thursday, March 21st. Finally, Mizuho dropped their price target on Gaming and Leisure Properties from $50.00 to $47.00 and set a “neutral” rating on the stock in a research note on Thursday, March 7th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Gaming and Leisure Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.09.

Gaming and Leisure Properties Company Profile

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.