Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Holdings Trimmed by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 87.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,877 shares of the real estate investment trust’s stock after selling 54,612 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Gaming and Leisure Properties were worth $379,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Private Advisor Group LLC raised its holdings in shares of Gaming and Leisure Properties by 9.2% in the 3rd quarter. Private Advisor Group LLC now owns 13,646 shares of the real estate investment trust’s stock worth $702,000 after purchasing an additional 1,152 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Gaming and Leisure Properties by 8.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,586 shares of the real estate investment trust’s stock worth $596,000 after buying an additional 928 shares during the last quarter. First Trust Direct Indexing L.P. grew its position in Gaming and Leisure Properties by 8.2% in the third quarter. First Trust Direct Indexing L.P. now owns 8,133 shares of the real estate investment trust’s stock worth $418,000 after buying an additional 616 shares during the last quarter. Pinnacle Associates Ltd. increased its holdings in shares of Gaming and Leisure Properties by 23.7% in the third quarter. Pinnacle Associates Ltd. now owns 6,573 shares of the real estate investment trust’s stock valued at $324,000 after buying an additional 1,258 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Gaming and Leisure Properties by 142.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 384 shares during the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director E Scott Urdang sold 5,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $49.72, for a total transaction of $248,600.00. Following the completion of the sale, the director now owns 145,953 shares in the company, valued at approximately $7,256,783.16. This represents a 3.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Matthew Demchyk sold 1,149 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $47.80, for a total value of $54,922.20. Following the completion of the transaction, the senior vice president now directly owns 91,620 shares in the company, valued at $4,379,436. The trade was a 1.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,222 shares of company stock valued at $1,873,547 over the last three months. 4.37% of the stock is currently owned by insiders.

Gaming and Leisure Properties Stock Down 0.6 %

GLPI opened at $49.86 on Tuesday. The company has a market capitalization of $13.70 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $52.60. The business has a 50-day moving average of $48.36 and a 200-day moving average of $49.79.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.01. The firm had revenue of $389.62 million for the quarter, compared to analyst estimates of $391.54 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. Equities research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date is Friday, March 14th. Gaming and Leisure Properties’s dividend payout ratio is presently 105.92%.

Analyst Upgrades and Downgrades

A number of research firms have commented on GLPI. Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $49.00 to $54.00 in a research note on Wednesday, November 20th. Stifel Nicolaus raised their price objective 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. Barclays started coverage on shares of Gaming and Leisure Properties in a research note on Tuesday, December 17th. They set an “equal weight” rating and a $54.53 target price on the stock. Morgan Stanley cut Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 target price for the company. in a research report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and upped their price target for the company from $49.00 to $54.00 in a research report on Friday, December 13th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $54.15.

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.