Seeds Investor LLC Purchases 254 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Seeds Investor LLC boosted its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,350 shares of the real estate investment trust’s stock after purchasing an additional 254 shares during the period. Seeds Investor LLC’s holdings in Gaming and Leisure Properties were worth $354,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GLPI. Stonebridge Financial Group LLC bought a new stake in shares of Gaming and Leisure Properties in the fourth quarter worth $31,000. CKW Financial Group lifted its holdings in Gaming and Leisure Properties by 75.0% during the 4th quarter. CKW Financial Group now owns 700 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 300 shares during the period. Bessemer Group Inc. grew its position in shares of Gaming and Leisure Properties by 149.8% in the 4th quarter. Bessemer Group Inc. now owns 1,029 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 617 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Gaming and Leisure Properties in the 3rd quarter valued at about $66,000. Finally, UMB Bank n.a. raised its position in shares of Gaming and Leisure Properties by 57.4% during the fourth quarter. UMB Bank n.a. now owns 1,368 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 499 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI opened at $47.68 on Monday. Gaming and Leisure Properties, Inc. has a twelve month low of $41.80 and a twelve month high of $52.60. The stock’s 50 day moving average is $49.42 and its 200-day moving average is $49.45. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $13.10 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 2.01 and a beta of 0.72.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.01. The firm had revenue of $389.62 million for the quarter, compared to the consensus estimate of $391.54 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. Sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.76 per share. The ex-dividend date was Friday, March 14th. This represents a $3.04 dividend on an annualized basis and a yield of 6.38%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 105.92%.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $50.89, for a total value of $254,450.00. Following the transaction, the director now owns 140,953 shares of the company’s stock, valued at approximately $7,173,098.17. The trade was a 3.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Matthew Demchyk sold 1,138 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $50.45, for a total transaction of $57,412.10. Following the completion of the transaction, the senior vice president now directly owns 53,002 shares in the company, valued at $2,673,950.90. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,933 shares of company stock valued at $2,533,487. Corporate insiders own 4.37% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on GLPI shares. Mizuho upped their target price on Gaming and Leisure Properties from $51.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, April 3rd. Barclays decreased their price objective on shares of Gaming and Leisure Properties from $55.00 to $53.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 4th. Morgan Stanley lowered shares of Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 target price on the stock. in a report on Wednesday, January 15th. JMP Securities reaffirmed a “market outperform” rating and set a $55.00 price target on shares of Gaming and Leisure Properties in a research report on Wednesday, December 18th. Finally, Wells Fargo & Company lifted their price objective on Gaming and Leisure Properties from $50.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, March 10th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $54.11.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in the provision of 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.