Golden State Equity Partners Grows Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Golden State Equity Partners raised its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 63.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,596 shares of the real estate investment trust’s stock after buying an additional 1,777 shares during the period. Golden State Equity Partners’ holdings in Gaming and Leisure Properties were worth $221,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of GLPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Gaming and Leisure Properties by 647.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,025,526 shares of the real estate investment trust’s stock worth $104,213,000 after buying an additional 1,754,370 shares during the period. Franklin Resources Inc. raised its stake in shares of Gaming and Leisure Properties by 7.8% in the third quarter. Franklin Resources Inc. now owns 12,259,224 shares of the real estate investment trust’s stock valued at $641,059,000 after acquiring an additional 889,698 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Gaming and Leisure Properties by 25.3% in the third quarter. Jennison Associates LLC now owns 4,075,461 shares of the real estate investment trust’s stock valued at $209,682,000 after acquiring an additional 821,634 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Gaming and Leisure Properties by 6,162.9% in the third quarter. Janus Henderson Group PLC now owns 812,981 shares of the real estate investment trust’s stock valued at $41,820,000 after acquiring an additional 800,000 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Gaming and Leisure Properties in the third quarter valued at $27,057,000. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Stock Performance

Shares of GLPI stock opened at $48.56 on Wednesday. The stock’s 50-day moving average is $48.60 and its two-hundred day moving average is $49.79. The firm has a market cap of $13.32 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 1.97 and a beta of 0.99. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year high of $52.60. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 6.26%. The ex-dividend date was Friday, December 6th. Gaming and Leisure Properties’s payout ratio is 106.29%.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 10,474 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $48.62, for a total transaction of $509,245.88. Following the transaction, the senior vice president now owns 71,757 shares in the company, valued at approximately $3,488,825.34. The trade was a 12.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 owns 278,634 shares in the company, valued at $13,329,850.56. The trade was a 1.41 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,222 shares of company stock valued at $1,624,947. 4.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GLPI has been the topic of several analyst reports. Stifel Nicolaus increased their price objective on Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a “buy” rating in a research note on Tuesday, November 26th. JMP Securities reiterated a “market outperform” rating and issued a $55.00 price objective on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. StockNews.com cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Barclays initiated coverage on Gaming and Leisure Properties in a research note on Tuesday, December 17th. They issued an “equal weight” rating and a $54.53 price target on the stock. Finally, Mizuho cut their price target on Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $53.93.

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.