Skandinaviska Enskilda Banken AB publ Purchases 17,500 Shares of Gaming and Leisure Properties, Inc. $GLPI

Skandinaviska Enskilda Banken AB publ grew its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 3.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 508,208 shares of the real estate investment trust’s stock after purchasing an additional 17,500 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Gaming and Leisure Properties were worth $23,688,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in GLPI. Spire Wealth Management boosted its holdings in Gaming and Leisure Properties by 62.3% in the third quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 238 shares during the last quarter. Freedom Investment Management Inc. lifted its position in Gaming and Leisure Properties by 4.6% during the 2nd quarter. Freedom Investment Management Inc. now owns 5,977 shares of the real estate investment trust’s stock valued at $279,000 after purchasing an additional 261 shares during the period. Whittier Trust Co. lifted its position in Gaming and Leisure Properties by 18.4% during the 2nd quarter. Whittier Trust Co. now owns 1,708 shares of the real estate investment trust’s stock valued at $80,000 after purchasing an additional 265 shares during the period. Securian Asset Management Inc. boosted its stake in shares of Gaming and Leisure Properties by 1.3% in the 3rd quarter. Securian Asset Management Inc. now owns 21,195 shares of the real estate investment trust’s stock valued at $988,000 after purchasing an additional 265 shares during the last quarter. Finally, Apella Capital LLC grew its position in shares of Gaming and Leisure Properties by 4.8% during the 3rd quarter. Apella Capital LLC now owns 5,904 shares of the real estate investment trust’s stock worth $263,000 after buying an additional 273 shares during the period. Institutional investors and hedge funds own 91.14% of the company’s stock.

Wall Street Analyst Weigh In

GLPI has been the topic of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 22nd. Stifel Nicolaus set a $48.50 price target on Gaming and Leisure Properties in a research note on Thursday, February 12th. Barclays raised their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. UBS Group reiterated a “buy” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 8th. Finally, JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $52.00 to $53.00 in a report on Friday, December 12th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Gaming and Leisure Properties has an average rating of “Moderate Buy” and a consensus price target of $51.86.

Gaming and Leisure Properties Stock Performance

GLPI stock opened at $47.27 on Wednesday. Gaming and Leisure Properties, Inc. has a 1-year low of $41.17 and a 1-year high of $52.24. The company has a current ratio of 13.23, a quick ratio of 13.23 and a debt-to-equity ratio of 1.47. The firm has a market cap of $13.38 billion, a PE ratio of 17.13, a P/E/G ratio of 2.56 and a beta of 0.67. The business’s 50-day moving average price is $45.05 and its two-hundred day moving average price is $45.41.

Gaming and Leisure Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were given a $0.78 dividend. The ex-dividend date was Friday, December 5th. This represents a $3.12 annualized dividend and a dividend yield of 6.6%. Gaming and Leisure Properties’s payout ratio is currently 113.04%.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, SVP Steven Ladany sold 13,409 shares of Gaming and Leisure Properties stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $45.04, for a total value of $603,941.36. Following the transaction, the senior vice president owned 57,886 shares of the company’s stock, valued at approximately $2,607,185.44. The trade was a 18.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders sold 36,864 shares of company stock worth $1,650,906. 4.26% of the stock is currently owned by corporate insiders.

About Gaming and Leisure Properties

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.