Nisa Investment Advisors LLC Sells 3,174 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Nisa Investment Advisors LLC lowered its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPIFree Report) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 103,712 shares of the real estate investment trust’s stock after selling 3,174 shares during the period. Nisa Investment Advisors LLC’s holdings in Gaming and Leisure Properties were worth $4,995,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. EP Wealth Advisors LLC raised its stake in Gaming and Leisure Properties by 0.7% during the 2nd quarter. EP Wealth Advisors LLC now owns 33,990 shares of the real estate investment trust’s stock worth $1,537,000 after acquiring an additional 220 shares during the period. GAMMA Investing LLC increased its stake in shares of 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 worth $136,000 after purchasing an additional 226 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Gaming and Leisure Properties by 5.1% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 5,433 shares of the real estate investment trust’s stock valued at $280,000 after purchasing an additional 262 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Gaming and Leisure Properties by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 7,948 shares of the real estate investment trust’s stock valued at $409,000 after buying an additional 278 shares in the last quarter. Finally, Marshall Financial Group LLC boosted its holdings in Gaming and Leisure Properties by 1.4% in the 3rd quarter. Marshall Financial Group LLC now owns 20,917 shares of the real estate investment trust’s stock worth $1,076,000 after buying an additional 289 shares during the period. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Gaming and Leisure Properties Stock Performance

NASDAQ GLPI opened at $48.11 on Friday. The business’s 50 day moving average price is $48.87 and its 200-day moving average price is $49.72. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $52.60. The company has a market cap of $13.20 billion, a P/E ratio of 16.82, a P/E/G ratio of 1.96 and a beta of 0.99. 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 (NASDAQ:GLPIGet Free Report) last announced its earnings results 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 net margin of 51.93% and a return on equity of 17.31%. The firm had revenue of $385.34 million during the quarter, compared to analysts’ expectations of $385.09 million. During the same period in the prior year, the company posted $0.92 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. Sell-side analysts predict that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 6.32%. The ex-dividend date was Friday, December 6th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 106.29%.

Analysts Set New Price Targets

Several brokerages have recently commented on GLPI. Mizuho lowered their price objective on Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Morgan Stanley cut Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price target on the stock. in a report on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and increased their price objective for the company from $49.00 to $54.00 in a report on Wednesday, November 20th. JMP Securities reissued a “market outperform” rating and issued a $55.00 target price on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $52.00 target price (up from $51.00) on shares of Gaming and Leisure Properties in a research note on Tuesday, October 1st. Six equities research 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 target price of $53.93.

Check Out Our Latest Analysis on GLPI

Insiders Place Their Bets

In related news, Director E Scott Urdang sold 6,885 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $50.16, for a total value of $345,351.60. Following the completion of the transaction, the director now directly owns 149,800 shares of the company’s stock, valued at approximately $7,513,968. This represents a 4.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matthew Demchyk sold 1,149 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $47.80, for a total transaction of $54,922.20. Following the completion of the transaction, the senior vice president now directly owns 91,620 shares in the company, valued at approximately $4,379,436. This represents a 1.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,490 shares of company stock valued at $1,251,189 over the last 90 days. Insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Company Profile

(Free Report)

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.

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

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