Stephens Inc. AR Sells 447 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Stephens Inc. AR trimmed its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 8.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,814 shares of the real estate investment trust’s stock after selling 447 shares during the quarter. Stephens Inc. AR’s holdings in Gaming and Leisure Properties were worth $232,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Lecap Asset Management Ltd. grew its holdings in shares of Gaming and Leisure Properties by 32.0% in the fourth quarter. Lecap Asset Management Ltd. now owns 26,105 shares of the real estate investment trust’s stock worth $1,257,000 after purchasing an additional 6,333 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Gaming and Leisure Properties by 4.9% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,064 shares of the real estate investment trust’s stock valued at $3,760,000 after buying an additional 3,630 shares during the last quarter. Financial Advocates Investment Management boosted its position in Gaming and Leisure Properties by 9.5% during the 4th quarter. Financial Advocates Investment Management now owns 9,522 shares of the real estate investment trust’s stock valued at $459,000 after buying an additional 830 shares during the period. State of Alaska Department of Revenue grew its holdings in Gaming and Leisure Properties by 0.3% in the 4th quarter. State of Alaska Department of Revenue now owns 305,765 shares of the real estate investment trust’s stock worth $14,723,000 after acquiring an additional 827 shares during the last quarter. Finally, Choreo LLC increased its position in shares of Gaming and Leisure Properties by 105.1% in the fourth quarter. Choreo LLC now owns 12,387 shares of the real estate investment trust’s stock valued at $591,000 after acquiring an additional 6,347 shares during the period. 91.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Gaming and Leisure Properties

In related news, SVP Matthew Demchyk sold 17,617 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.40, for a total transaction of $870,279.80. Following the sale, the senior vice president now directly owns 54,140 shares of the company’s stock, valued at approximately $2,674,516. This represents a 24.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Brandon John Moore sold 3,982 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total transaction 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 represents a 1.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,222 shares of company stock worth $1,624,947. 4.37% of the stock is owned by insiders.

Gaming and Leisure Properties Trading Down 1.4 %

Shares of NASDAQ GLPI opened at $48.61 on Monday. The stock has a market cap of $13.34 billion, a P/E ratio of 17.00, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick 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 firm has a 50-day moving average of $48.22 and a 200 day moving average of $49.77.

Gaming and Leisure Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors 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 annualized dividend and a dividend yield of 6.25%. Gaming and Leisure Properties’s payout ratio is currently 106.29%.

Analyst Ratings Changes

GLPI has been the subject of a number of analyst reports. StockNews.com lowered shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Monday, October 28th. JMP Securities reiterated a “market outperform” rating and issued a $55.00 price objective on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and boosted their target price for the company from $49.00 to $54.00 in a research note on Wednesday, November 20th. Morgan Stanley lowered 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. Finally, Barclays initiated coverage on shares of Gaming and Leisure Properties in a report on Tuesday, December 17th. They issued an “equal weight” rating and a $54.53 price target on the stock. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $53.93.

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.