6,942 Shares in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. purchased a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPIFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,942 shares of the real estate investment trust’s stock, valued at approximately $316,000.

Other institutional investors have also recently made changes to their positions in the company. Atlas Capital Advisors LLC increased its stake in shares of 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 valued at $27,000 after buying an additional 343 shares during the period. Lee Financial Co increased its stake in shares of 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 valued at $33,000 after buying an additional 637 shares during the period. Zions Bancorporation N.A. purchased a new position in shares of Gaming and Leisure Properties during the first quarter valued at $43,000. Covestor Ltd increased its stake in shares of Gaming and Leisure Properties by 344.1% during the second quarter. Covestor Ltd now owns 1,008 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 781 shares during the period. Finally, RVW Wealth LLC purchased a new position in shares of Gaming and Leisure Properties during the third quarter valued at $47,000. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Insiders Place Their Bets

In related news, COO Brandon John Moore sold 26,623 shares of Gaming and Leisure Properties stock in a transaction dated 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 owns 242,414 shares of the company’s stock, valued at $11,851,620.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Brandon John Moore sold 26,623 shares of Gaming and Leisure Properties stock in a transaction dated 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 owns 242,414 shares of the company’s stock, valued at $11,851,620.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Desiree A. Burke sold 1,600 shares of Gaming and Leisure Properties stock in a transaction dated 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 directly owns 147,710 shares of the company’s stock, valued at approximately $7,283,580.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 53,614 shares of company stock valued at $2,621,353. 4.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GLPI. The Goldman Sachs Group began coverage on Gaming and Leisure Properties in a research note on Friday, December 8th. They issued a “neutral” rating and a $51.00 target price on the stock. JMP Securities reiterated a “market outperform” rating and issued a $53.00 target price on shares of Gaming and Leisure Properties in a research note on Thursday. Royal Bank of Canada cut their target price on 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. Mizuho lifted their target price on Gaming and Leisure Properties from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. Finally, JPMorgan Chase & Co. lowered Gaming and Leisure Properties from an “overweight” rating to a “neutral” rating and set a $48.00 target price on the stock. in a research note on Thursday, December 14th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.73.

View Our Latest Stock Report on Gaming and Leisure Properties

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI opened at $45.72 on Monday. 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 company has a market cap of $12.21 billion, a PE ratio of 16.69, a P/E/G ratio of 4.78 and a beta of 0.95. The business has a 50-day simple moving average of $47.20 and a two-hundred day simple moving average of $46.71. Gaming and Leisure Properties, Inc. has a fifty-two week low of $43.54 and a fifty-two week high of $55.13.

Gaming and Leisure Properties Announces Dividend

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

About Gaming and Leisure Properties

(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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