Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC boosted its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 35.9% in the 4th quarter, Holdings Channel reports. The firm owned 26,130 shares of the real estate investment trust’s stock after acquiring an additional 6,896 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Gaming and Leisure Properties were worth $1,258,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on GLPI shares. Stifel Nicolaus upped their price target on Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a “buy” rating in a research report on Tuesday, November 26th. JMP Securities restated 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. Scotiabank reduced their price target on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. Barclays assumed coverage on shares of Gaming and Leisure Properties in a research report on Tuesday, December 17th. They set an “equal weight” rating and a $54.53 price target on the stock. Finally, Mizuho cut their price objective on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating for the company in a research report on Thursday, November 14th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $53.93.

Gaming and Leisure Properties Stock Performance

NASDAQ:GLPI opened at $48.44 on Thursday. The stock has a market capitalization of $13.29 billion, a P/E ratio of 16.94, a PEG ratio of 2.01 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, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $52.60. The company has a 50 day moving average price of $48.30 and a 200 day moving average price of $49.79.

Gaming and Leisure Properties Announces Dividend

The company also recently disclosed 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 payout ratio is presently 106.29%.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 17,617 shares of Gaming and Leisure Properties stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $49.40, for a total value of $870,279.80. Following the completion of the transaction, the senior vice president now directly owns 54,140 shares of the company’s stock, valued at $2,674,516. The trade was a 24.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Brandon John Moore sold 3,982 shares of the 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 sale, the chief operating officer now directly owns 278,634 shares in the company, valued at $13,329,850.56. This represents a 1.41 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,222 shares of company stock worth $1,624,947. 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.