4,854 Shares in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Bought by Summit Trail Advisors LLC

Summit Trail Advisors LLC acquired a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 4,854 shares of the real estate investment trust’s stock, valued at approximately $234,000.

Several other institutional investors have also added to or reduced their stakes in GLPI. Segall Bryant & Hamill LLC bought a new position in shares of Gaming and Leisure Properties in the 3rd quarter worth approximately $693,000. Sanctuary Advisors LLC raised its holdings in Gaming and Leisure Properties by 76.1% in the third quarter. Sanctuary Advisors LLC now owns 32,316 shares of the real estate investment trust’s stock worth $1,646,000 after purchasing an additional 13,965 shares in the last quarter. Zacks Investment Management raised its holdings in Gaming and Leisure Properties by 10.9% in the third quarter. Zacks Investment Management now owns 522,197 shares of the real estate investment trust’s stock worth $26,867,000 after purchasing an additional 51,398 shares in the last quarter. Cerity Partners LLC lifted its position in Gaming and Leisure Properties by 87.5% during the third quarter. Cerity Partners LLC now owns 14,410 shares of the real estate investment trust’s stock valued at $741,000 after buying an additional 6,724 shares during the period. Finally, Merit Financial Group LLC bought a new stake in shares of Gaming and Leisure Properties during the 4th quarter valued at $526,000. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Price Performance

NASDAQ GLPI opened at $48.44 on Thursday. Gaming and Leisure Properties, Inc. has a one year low of $41.80 and a one year high of $52.60. The stock has a 50-day moving average of $48.30 and a 200 day moving average of $49.79. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. The company has a market capitalization of $13.29 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 2.01 and a beta of 0.99.

Gaming and Leisure Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.76 dividend. The ex-dividend date was Friday, December 6th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.28%. Gaming and Leisure Properties’s dividend payout ratio is presently 106.29%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GLPI. Morgan Stanley lowered shares of Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price target for the company. in a research note on Wednesday, January 15th. Mizuho decreased their target price on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating for the company in a research note on Thursday, November 14th. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $49.00 to $54.00 in a research report on Friday, December 13th. Scotiabank reduced their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. Finally, Stifel Nicolaus boosted their target price on Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Gaming and Leisure Properties presently has a consensus rating of “Moderate Buy” and an average target price of $53.93.

Insider Activity

In other 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 transaction, the senior vice president now directly owns 91,620 shares in the company, valued at $4,379,436. This trade represents a 1.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Brandon John Moore sold 3,982 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total value of $190,498.88. Following the sale, the chief operating officer now owns 278,634 shares of the company’s stock, valued at approximately $13,329,850.56. This trade represents a 1.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,222 shares of company stock valued at $1,624,947 over the last three months. Insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties 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.