Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Sold by Xponance Inc.

Xponance Inc. reduced its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 5.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,808 shares of the real estate investment trust’s stock after selling 2,532 shares during the period. Xponance Inc.’s holdings in Gaming and Leisure Properties were worth $2,026,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new position in Gaming and Leisure Properties during the second quarter valued at approximately $31,000. EverSource Wealth Advisors LLC boosted its position in Gaming and Leisure Properties by 578.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 692 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 590 shares during the period. EdgeRock Capital LLC acquired a new stake in Gaming and Leisure Properties in the 2nd quarter valued at $33,000. MCF Advisors LLC raised its position in Gaming and Leisure Properties by 416.7% in the first quarter. MCF Advisors LLC now owns 744 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 600 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of Gaming and Leisure Properties by 18,500.0% during the second quarter. Versant Capital Management Inc now owns 744 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 740 shares in the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GLPI. StockNews.com upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Friday, July 19th. UBS Group lifted their price objective on shares of Gaming and Leisure Properties from $56.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Stifel Nicolaus upped their target price on shares of Gaming and Leisure Properties from $52.00 to $52.50 and gave the company a “buy” rating in a research note on Friday, July 26th. Morgan Stanley reaffirmed an “overweight” rating and set a $53.00 price target on shares of Gaming and Leisure Properties in a research note on Friday, June 21st. Finally, Raymond James boosted their price objective on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.11.

Insider Transactions at Gaming and Leisure Properties

In related news, COO Brandon John Moore sold 30,900 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $50.05, for a total transaction of $1,546,545.00. Following the completion of the transaction, the chief operating officer now owns 208,977 shares in the company, valued at approximately $10,459,298.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Brandon John Moore sold 30,900 shares of Gaming and Leisure Properties stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $50.05, for a total transaction of $1,546,545.00. Following the sale, the chief operating officer now owns 208,977 shares of the company’s stock, valued at $10,459,298.85. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Desiree A. Burke sold 12,973 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $52.02, for a total value of $674,855.46. Following the completion of the transaction, the chief financial officer now directly owns 108,073 shares of the company’s stock, valued at $5,621,957.46. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,478 shares of company stock worth $2,495,429. 4.40% of the stock is currently owned by company insiders.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI opened at $50.92 on Friday. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $13.82 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 5.36 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 simple moving average of $50.35 and a 200-day simple moving average of $46.67.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.15). Gaming and Leisure Properties had a return on equity of 17.60% and a net margin of 52.79%. The business had revenue of $380.60 million for the quarter, compared to analyst estimates of $377.95 million. During the same period last year, the company posted $0.92 earnings per share. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. As a group, equities research analysts expect that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 5.97%. The ex-dividend date of this dividend is Friday, September 13th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 112.18%.

About Gaming and Leisure Properties

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.