Xponance Inc. Invests $220,000 in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Xponance Inc. purchased a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Get Rating) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 4,969 shares of the real estate investment trust’s stock, valued at approximately $220,000.

Several other large investors have also modified their holdings of the stock. Capital International Sarl raised its position in shares of Gaming and Leisure Properties by 3.2% during the 1st quarter. Capital International Sarl now owns 105,574 shares of the real estate investment trust’s stock valued at $4,955,000 after acquiring an additional 3,285 shares in the last quarter. Pictet Asset Management SA grew its position in shares of Gaming and Leisure Properties by 3.9% during the 2nd quarter. Pictet Asset Management SA now owns 94,171 shares of the real estate investment trust’s stock valued at $4,319,000 after buying an additional 3,573 shares during the last quarter. Moody National Bank Trust Division raised its stake in Gaming and Leisure Properties by 48.7% during the third quarter. Moody National Bank Trust Division now owns 22,448 shares of the real estate investment trust’s stock worth $993,000 after acquiring an additional 7,352 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Gaming and Leisure Properties by 1,912.6% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 99,360 shares of the real estate investment trust’s stock worth $4,557,000 after acquiring an additional 94,423 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Gaming and Leisure Properties by 191.0% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,897,946 shares of the real estate investment trust’s stock valued at $83,965,000 after acquiring an additional 1,245,735 shares during the period. Institutional investors own 90.69% of the company’s stock.

Insider Buying and Selling

In related news, COO Brandon John Moore sold 3,000 shares of Gaming and Leisure Properties stock in a transaction dated Wednesday, November 30th. The stock was sold at an average price of $52.00, for a total transaction of $156,000.00. Following the transaction, the chief operating officer now directly owns 182,993 shares of the company’s stock, valued at $9,515,636. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 4.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. StockNews.com downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Tuesday, November 8th. Raymond James downgraded shares of Gaming and Leisure Properties from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from $57.00 to $55.00 in a report on Monday. Mizuho boosted their price target on shares of Gaming and Leisure Properties from $50.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, December 8th. Royal Bank of Canada started coverage on shares of Gaming and Leisure Properties in a report on Monday, September 19th. They set an “outperform” rating and a $54.00 price target for the company. Finally, JMP Securities upped their target price on shares of Gaming and Leisure Properties from $53.00 to $57.00 and gave the stock a “market outperform” rating in a research report on Wednesday, December 21st. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Gaming and Leisure Properties presently has an average rating of “Moderate Buy” and a consensus target price of $55.82.

Gaming and Leisure Properties Trading Up 0.6 %

Shares of NASDAQ:GLPI opened at $51.14 on Wednesday. The company has a 50 day moving average of $51.34 and a 200-day moving average of $49.62. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.57. The firm has a market cap of $13.07 billion, a P/E ratio of 20.96, a P/E/G ratio of 9.75 and a beta of 1.00. Gaming and Leisure Properties, Inc. has a twelve month low of $41.81 and a twelve month high of $53.43.

Gaming and Leisure Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 23rd. Investors of record on Friday, December 9th were issued a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a yield of 5.51%. The ex-dividend date of this dividend was Thursday, December 8th. Gaming and Leisure Properties’s payout ratio is currently 115.57%.

About Gaming and Leisure Properties

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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.