Checchi Capital Advisers LLC Sells 880 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Checchi Capital Advisers LLC trimmed its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 15.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 4,956 shares of the real estate investment trust’s stock after selling 880 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Gaming and Leisure Properties were worth $240,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Impact Partnership Wealth LLC bought a new stake in Gaming and Leisure Properties during the second quarter worth about $27,000. Atlas Capital Advisors LLC grew its stake in Gaming and Leisure Properties by 203.0% during the first quarter. Atlas Capital Advisors LLC now owns 512 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 343 shares during the last quarter. Salem Investment Counselors Inc. bought a new stake in Gaming and Leisure Properties during the second quarter worth about $30,000. Lee Financial Co grew its stake in Gaming and Leisure Properties by 1,447.7% during the second quarter. Lee Financial Co now owns 681 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 637 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in Gaming and Leisure Properties during the first quarter worth about $39,000. 89.08% of the stock is owned by institutional investors.

Gaming and Leisure Properties Price Performance

Shares of GLPI stock opened at $45.41 on Friday. Gaming and Leisure Properties, Inc. has a 52-week low of $43.54 and a 52-week high of $55.13. The stock has a market cap of $12.13 billion, a PE ratio of 16.57, a PEG ratio of 4.91 and a beta of 0.98. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.23 and a current ratio of 1.23. The firm’s 50 day moving average price is $46.11 and its two-hundred day moving average price is $47.56.

Gaming and Leisure Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a $0.73 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.72. This represents a $2.92 dividend on an annualized basis and a yield of 6.43%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 106.57%.

Analysts Set New Price Targets

Several research firms have recently commented on GLPI. StockNews.com began coverage on shares of Gaming and Leisure Properties in a research note on Thursday, October 5th. They set a “hold” rating on the stock. JMP Securities decreased their price target on shares of Gaming and Leisure Properties from $57.00 to $53.00 and set a “market outperform” rating on the stock in a research note on Monday, October 16th. Wedbush began coverage on shares of Gaming and Leisure Properties in a research note on Tuesday, October 3rd. They set an “outperform” rating and a $51.00 price target on the stock. Royal Bank of Canada decreased their price target on shares of Gaming and Leisure Properties from $54.00 to $50.00 and set an “outperform” rating on the stock in a research note on Monday, October 30th. Finally, UBS Group increased their price target on shares of Gaming and Leisure Properties from $55.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, August 29th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Gaming and Leisure Properties has an average rating of “Moderate Buy” and an average target price of $54.25.

About Gaming and Leisure Properties

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.