Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Sold by Jump Financial LLC

Jump Financial LLC cut its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPIFree Report) by 18.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,164 shares of the real estate investment trust’s stock after selling 2,243 shares during the quarter. Jump Financial LLC’s holdings in Gaming and Leisure Properties were worth $463,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in GLPI. abrdn plc increased its position in Gaming and Leisure Properties by 15.3% in the 3rd quarter. abrdn plc now owns 1,542,239 shares of the real estate investment trust’s stock valued at $70,249,000 after acquiring an additional 204,394 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Gaming and Leisure Properties by 6.4% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 272,132 shares of the real estate investment trust’s stock valued at $12,396,000 after acquiring an additional 16,412 shares during the period. Donoghue Forlines LLC increased its position in Gaming and Leisure Properties by 22.8% in the 3rd quarter. Donoghue Forlines LLC now owns 11,072 shares of the real estate investment trust’s stock valued at $504,000 after acquiring an additional 2,057 shares during the period. Retirement Systems of Alabama increased its position in Gaming and Leisure Properties by 505.3% in the 3rd quarter. Retirement Systems of Alabama now owns 570,235 shares of the real estate investment trust’s stock valued at $25,974,000 after acquiring an additional 476,035 shares during the period. Finally, Corrado Advisors LLC acquired a new stake in Gaming and Leisure Properties in the 3rd quarter valued at approximately $221,000. 89.08% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Desiree A. Burke sold 1,600 shares of the stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $49.31, for a total transaction of $78,896.00. Following the completion of the sale, the chief financial officer now directly owns 147,710 shares in the company, valued at $7,283,580.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, COO Brandon John Moore sold 26,623 shares of the stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $48.89, for a total transaction of $1,301,598.47. Following the completion of the sale, the chief operating officer now directly owns 242,414 shares in the company, valued at $11,851,620.46. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Desiree A. Burke sold 1,600 shares of the stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $49.31, for a total value of $78,896.00. Following the sale, the chief financial officer now owns 147,710 shares of the company’s stock, valued at $7,283,580.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,614 shares of company stock worth $2,621,353. Corporate insiders own 4.40% of the company’s stock.

Gaming and Leisure Properties Price Performance

GLPI opened at $45.72 on Friday. The stock has a fifty day moving average of $47.20 and a 200-day moving average of $46.73. The firm has a market capitalization of $12.21 billion, a P/E ratio of 16.69, a PEG ratio of 4.75 and a beta of 0.95. Gaming and Leisure Properties, Inc. has a 12-month low of $43.54 and a 12-month high of $55.13. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.46.

Gaming and Leisure Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 8th were issued a dividend of $0.73 per share. The ex-dividend date was Thursday, December 7th. This represents a $2.92 annualized dividend and a dividend yield of 6.39%. Gaming and Leisure Properties’s dividend payout ratio is 106.57%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GLPI shares. JMP Securities reaffirmed a “market outperform” rating and set a $53.00 price target on shares of Gaming and Leisure Properties in a research note on Thursday. Royal Bank of Canada decreased their price target on Gaming and Leisure Properties from $54.00 to $50.00 and set an “outperform” rating for the company in a research note on Monday, October 30th. JPMorgan Chase & Co. lowered Gaming and Leisure Properties from an “overweight” rating to a “neutral” rating and set a $48.00 price target for the company. in a research note on Thursday, December 14th. Mizuho raised their price objective on Gaming and Leisure Properties from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. Finally, The Goldman Sachs Group assumed coverage on Gaming and Leisure Properties in a research note on Friday, December 8th. They set a “neutral” rating and a $51.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and a consensus target price of $52.73.

Read Our Latest Stock Analysis on GLPI

Gaming and Leisure Properties Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Gaming and Leisure Properties (NASDAQ:GLPI)

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