State of Alaska Department of Revenue Has $14.72 Million Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

State of Alaska Department of Revenue increased its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 305,765 shares of the real estate investment trust’s stock after purchasing an additional 827 shares during the quarter. State of Alaska Department of Revenue’s holdings in Gaming and Leisure Properties were worth $14,723,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Creative Planning raised its stake in shares of Gaming and Leisure Properties by 13.6% during the second quarter. Creative Planning now owns 12,896 shares of the real estate investment trust’s stock worth $583,000 after buying an additional 1,544 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Gaming and Leisure Properties by 74.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,411 shares of the real estate investment trust’s stock valued at $199,000 after acquiring an additional 1,886 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Gaming and Leisure Properties by 0.5% in the 2nd quarter. Cetera Investment Advisers now owns 54,803 shares of the real estate investment trust’s stock valued at $2,478,000 after purchasing an additional 299 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Gaming and Leisure Properties in the 2nd quarter worth $779,000. Finally, Park Avenue Securities LLC grew its stake in shares of Gaming and Leisure Properties by 8.4% during the third quarter. Park Avenue Securities LLC now owns 9,610 shares of the real estate investment trust’s stock worth $494,000 after purchasing an additional 742 shares during the period. 91.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on GLPI. Morgan Stanley lowered 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 research note on Wednesday, January 15th. JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $49.00 to $54.00 in a research note on Friday, December 13th. StockNews.com downgraded shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Barclays began 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, Deutsche Bank Aktiengesellschaft upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $49.00 to $54.00 in a research report on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.93.

Insider Buying and Selling at Gaming and Leisure Properties

In related news, SVP Matthew Demchyk sold 1,149 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $4,379,436. This represents a 1.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Brandon John Moore sold 3,982 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total value of $190,498.88. Following the transaction, the chief operating officer now directly owns 278,634 shares in the company, valued at $13,329,850.56. This trade represents a 1.41 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,222 shares of company stock worth $1,624,947. Insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Trading Up 1.1 %

NASDAQ:GLPI opened at $49.08 on Thursday. The company has a market cap of $13.47 billion, a P/E ratio of 17.16, a price-to-earnings-growth ratio of 1.97 and a beta of 0.99. Gaming and Leisure Properties, Inc. has a twelve month low of $41.80 and a twelve month high of $52.60. The business has a 50 day moving average price of $48.54 and a two-hundred day moving average price of $49.79. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62.

Gaming and Leisure Properties Dividend Announcement

The firm also recently announced 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 6.19%. The ex-dividend date was Friday, December 6th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 106.29%.

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.