Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 559.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 36,825 shares of the real estate investment trust’s stock after purchasing an additional 31,241 shares during the period. SG Americas Securities LLC’s holdings in Gaming and Leisure Properties were worth $1,817,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC grew its position in Gaming and Leisure Properties by 203.0% during the 1st quarter. Atlas Capital Advisors LLC now owns 512 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 343 shares during the period. Operose Advisors LLC acquired a new stake in shares of Gaming and Leisure Properties during the 3rd quarter valued at about $32,000. Zions Bancorporation N.A. acquired a new stake in shares of Gaming and Leisure Properties during the 1st quarter valued at about $43,000. RVW Wealth LLC acquired a new stake in shares of Gaming and Leisure Properties during the 3rd quarter valued at about $47,000. Finally, Rockefeller Capital Management L.P. grew its position in shares of Gaming and Leisure Properties by 37.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,378 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 378 shares during the period. 91.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on GLPI shares. StockNews.com upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th. Royal Bank of Canada dropped their target price on Gaming and Leisure Properties from $50.00 to $49.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. JMP Securities restated a “market outperform” rating and set a $53.00 target price on shares of Gaming and Leisure Properties in a research report on Monday, March 4th. The Goldman Sachs Group began coverage on shares of Gaming and Leisure Properties in a research note on Friday, December 8th. They issued a “neutral” rating and a $51.00 price target on the stock. Finally, Morgan Stanley decreased their price target on shares of Gaming and Leisure Properties from $55.00 to $53.00 and set an “overweight” rating on the stock in a research note on Thursday, March 21st. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.50.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, CFO Desiree A. Burke sold 1,600 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $49.31, for a total value of $78,896.00. Following the transaction, the chief financial officer now directly owns 147,710 shares of the company’s stock, valued at approximately $7,283,580.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Desiree A. Burke sold 1,600 shares of Gaming and Leisure Properties stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $49.31, for a total transaction of $78,896.00. Following the sale, the chief financial officer now owns 147,710 shares of the company’s stock, valued at approximately $7,283,580.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Matthew Demchyk sold 25,391 shares of Gaming and Leisure Properties stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $48.87, for a total transaction of $1,240,858.17. Following the sale, the senior vice president now directly owns 57,976 shares in the company, valued at approximately $2,833,287.12. The disclosure for this sale can be found here. Insiders have sold 53,614 shares of company stock valued at $2,621,353 in the last ninety days. 4.40% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties Trading Up 0.7 %

GLPI opened at $46.07 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 7.41 and a quick ratio of 7.41. The company’s 50 day simple moving average is $45.58 and its two-hundred day simple moving average is $46.30. Gaming and Leisure Properties, Inc. has a 1-year low of $43.54 and a 1-year high of $52.45. The firm has a market capitalization of $12.51 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 5.65 and a beta of 0.94.

Gaming and Leisure Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 6.60%. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.73. The ex-dividend date is Thursday, March 14th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 109.75%.

Gaming and Leisure Properties Profile

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.