Gaming and Leisure Properties, Inc. $GLPI Shares Sold by Andra AP fonden

Andra AP fonden decreased its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 45.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 94,700 shares of the real estate investment trust’s stock after selling 80,300 shares during the quarter. Andra AP fonden’s holdings in Gaming and Leisure Properties were worth $4,202,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cassaday & Co Wealth Management LLC purchased a new stake in Gaming and Leisure Properties in the 1st quarter valued at $108,000. Commerzbank Aktiengesellschaft FI increased its stake in shares of Gaming and Leisure Properties by 43.5% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 19,853 shares of the real estate investment trust’s stock worth $881,000 after acquiring an additional 6,019 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Gaming and Leisure Properties by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,160,855 shares of the real estate investment trust’s stock worth $184,614,000 after acquiring an additional 67,652 shares during the period. Parallel Advisors LLC boosted its position in shares of Gaming and Leisure Properties by 14.3% during the 1st quarter. Parallel Advisors LLC now owns 4,780 shares of the real estate investment trust’s stock valued at $212,000 after acquiring an additional 597 shares during the last quarter. Finally, SEB Asset Management AB acquired a new position in shares of Gaming and Leisure Properties during the 1st quarter valued at about $27,862,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Insiders Place Their Bets

In related news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total value of $144,960.00. Following the completion of the sale, the director owned 127,429 shares in the company, valued at approximately $6,157,369.28. This trade represents a 2.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.11% of the company’s stock.

Gaming and Leisure Properties Trading Up 0.4%

NASDAQ GLPI opened at $44.71 on Thursday. The company has a debt-to-equity ratio of 1.62, a current ratio of 6.29 and a quick ratio of 6.29. The stock has a market capitalization of $12.67 billion, a P/E ratio of 14.19, a PEG ratio of 1.97 and a beta of 0.66. The firm’s 50-day moving average is $45.74 and its two-hundred day moving average is $46.25. Gaming and Leisure Properties, Inc. has a 12 month low of $41.17 and a 12 month high of $49.95.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. The business had revenue of $419.99 million during the quarter, compared to analysts’ expectations of $417.15 million. Gaming and Leisure Properties had a net margin of 55.56% and a return on equity of 18.06%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the business earned $0.96 earnings per share. On average, sell-side analysts anticipate that Gaming and Leisure Properties, Inc. will post 4.01 earnings per share for the current year.

Gaming and Leisure Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend was Friday, June 12th. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. Gaming and Leisure Properties’s dividend payout ratio is 104.13%.

Wall Street Analyst Weigh In

GLPI has been the subject of a number of analyst reports. Stifel Nicolaus set a $50.00 price objective on shares of Gaming and Leisure Properties in a report on Friday, April 24th. Scotiabank decreased their target price on shares of Gaming and Leisure Properties from $52.00 to $49.00 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. Weiss Ratings cut shares of Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. UBS Group set a $49.00 price target on shares of Gaming and Leisure Properties in a report on Thursday, June 18th. Finally, Morgan Stanley lifted their price target on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the company an “equal weight” rating in a research report on Monday, July 6th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $51.27.

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.