Opal Wealth Advisors LLC Boosts Stock Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Opal Wealth Advisors LLC increased its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 4.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,082 shares of the real estate investment trust’s stock after acquiring an additional 238 shares during the period. Opal Wealth Advisors LLC’s holdings in Gaming and Leisure Properties were worth $245,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Kestra Private Wealth Services LLC grew its position in shares of Gaming and Leisure Properties by 35.9% in the fourth quarter. Kestra Private Wealth Services LLC now owns 26,130 shares of the real estate investment trust’s stock valued at $1,258,000 after purchasing an additional 6,896 shares during the period. Lecap Asset Management Ltd. increased its position in Gaming and Leisure Properties by 32.0% during the fourth quarter. Lecap Asset Management Ltd. now owns 26,105 shares of the real estate investment trust’s stock worth $1,257,000 after purchasing an additional 6,333 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Gaming and Leisure Properties by 4.9% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,064 shares of the real estate investment trust’s stock worth $3,760,000 after buying an additional 3,630 shares during the last quarter. Financial Advocates Investment Management boosted its holdings in Gaming and Leisure Properties by 9.5% in the fourth quarter. Financial Advocates Investment Management now owns 9,522 shares of the real estate investment trust’s stock valued at $459,000 after acquiring an additional 830 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in Gaming and Leisure Properties by 0.3% in the fourth quarter. State of Alaska Department of Revenue now owns 305,765 shares of the real estate investment trust’s stock valued at $14,723,000 after buying an additional 827 shares during the period. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Analysts Set New Price Targets

GLPI has been the subject of a number of analyst reports. Mizuho decreased their price target on Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating for the company in a report on Thursday, November 14th. Barclays assumed coverage on Gaming and Leisure Properties in a research note on Tuesday, December 17th. They set an “equal weight” rating and a $54.53 price objective for the company. JMP Securities reiterated a “market outperform” rating and set a $55.00 target price on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Stifel Nicolaus lifted their price target on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and increased their price objective for the company from $49.00 to $54.00 in a research note on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $53.93.

Gaming and Leisure Properties Trading Down 0.5 %

Shares of NASDAQ GLPI opened at $49.08 on Monday. The company has a market cap of $13.47 billion, a price-to-earnings ratio of 17.16, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99. The stock’s 50 day simple moving average is $48.45 and its 200 day simple moving average is $49.80. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties, Inc. has a 12-month low of $41.80 and a 12-month high of $52.60.

Gaming and Leisure Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 6.19%. The ex-dividend date of this dividend was Friday, December 6th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 106.29%.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, COO Brandon John Moore sold 3,982 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total transaction of $190,498.88. Following the completion of the transaction, the chief operating officer now owns 278,634 shares in the company, valued at approximately $13,329,850.56. The trade was a 1.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Matthew Demchyk sold 17,617 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $49.40, for a total value of $870,279.80. Following the transaction, the senior vice president now directly owns 54,140 shares in the company, valued at $2,674,516. This trade represents a 24.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,222 shares of company stock worth $1,624,947. Insiders own 4.37% of the company’s stock.

About Gaming and Leisure Properties

Gaming & Leisure Properties, Inc engages in 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.