Burney Co. Decreases Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Burney Co. cut its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,395 shares of the real estate investment trust’s stock after selling 1,703 shares during the quarter. Burney Co.’s holdings in Gaming and Leisure Properties were worth $6,328,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in GLPI. EP Wealth Advisors LLC grew its stake in shares of Gaming and Leisure Properties by 0.7% in the second quarter. EP Wealth Advisors LLC now owns 33,990 shares of the real estate investment trust’s stock valued at $1,537,000 after buying an additional 220 shares in the last quarter. GAMMA Investing LLC grew its position in Gaming and Leisure Properties by 8.7% in the fourth quarter. GAMMA Investing LLC now owns 2,826 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 226 shares in the last quarter. Ieq Capital LLC raised its stake in shares of Gaming and Leisure Properties by 0.3% during the second quarter. Ieq Capital LLC now owns 90,749 shares of the real estate investment trust’s stock valued at $4,103,000 after purchasing an additional 257 shares during the period. Integrated Wealth Concepts LLC lifted its position in shares of Gaming and Leisure Properties by 5.1% during the third quarter. Integrated Wealth Concepts LLC now owns 5,433 shares of the real estate investment trust’s stock worth $280,000 after purchasing an additional 262 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of Gaming and Leisure Properties by 3.6% in the third quarter. CIBC Asset Management Inc now owns 7,948 shares of the real estate investment trust’s stock valued at $409,000 after purchasing an additional 278 shares during the period. 91.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $49.00 to $54.00 in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and lifted their target price for the stock from $49.00 to $54.00 in a research report on Wednesday, November 20th. JMP Securities reissued a “market outperform” rating and issued a $55.00 price target on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Mizuho dropped their price objective on Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a report on Thursday, November 14th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $52.00 target price (up from $51.00) on shares of Gaming and Leisure Properties in a research report on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $54.00.

Gaming and Leisure Properties Stock Up 1.2 %

Shares of NASDAQ:GLPI opened at $47.47 on Wednesday. The company’s fifty day moving average is $49.14 and its two-hundred day moving average is $49.57. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. Gaming and Leisure Properties, Inc. has a 1-year low of $41.80 and a 1-year high of $52.60. The stock has a market capitalization of $13.03 billion, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 2.13 and a beta of 0.99.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.25). Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. The business had revenue of $385.34 million for the quarter, compared to analyst estimates of $385.09 million. During the same quarter last year, the company earned $0.92 EPS. Gaming and Leisure Properties’s revenue was up 7.2% compared to the same quarter last year. Equities analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 6.40%. The ex-dividend date of this dividend was Friday, December 6th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 106.29%.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 1,149 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $47.80, for a total value of $54,922.20. Following the sale, the senior vice president now directly owns 91,620 shares in the company, valued at approximately $4,379,436. This trade represents a 1.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Brandon John Moore sold 3,982 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total transaction of $190,498.88. Following the transaction, the chief operating officer now owns 278,634 shares of the company’s stock, valued at $13,329,850.56. This represents a 1.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,016 shares of company stock worth $741,943 in the last 90 days. 4.37% of the stock is currently owned by company insiders.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.