D.A. Davidson & CO. Has $989,000 Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

D.A. Davidson & CO. boosted its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 14.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,224 shares of the real estate investment trust’s stock after purchasing an additional 2,449 shares during the quarter. D.A. Davidson & CO.’s holdings in Gaming and Leisure Properties were worth $989,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. grew its stake in shares of Gaming and Leisure Properties by 2,547.6% in the 3rd quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 535 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Gaming and Leisure Properties during the 2nd quarter worth approximately $31,000. EdgeRock Capital LLC bought a new position in Gaming and Leisure Properties in the second quarter worth approximately $33,000. Versant Capital Management Inc grew its stake in Gaming and Leisure Properties by 18,500.0% in the second quarter. Versant Capital Management Inc now owns 744 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 740 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in Gaming and Leisure Properties by 142.2% in the third quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 384 shares during the period. 91.14% of the stock is owned by institutional investors.

Gaming and Leisure Properties Stock Performance

Shares of GLPI opened at $51.61 on Monday. The stock has a 50 day moving average of $50.59 and a 200 day moving average of $48.68. The company has a market capitalization of $14.16 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 2.19 and a beta of 0.99. Gaming and Leisure Properties, Inc. has a 12 month low of $41.80 and a 12 month high of $52.60. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.25). The business had revenue of $385.34 million for the quarter, compared to analysts’ expectations of $385.09 million. Gaming and Leisure Properties had a net margin of 51.93% and a return on equity of 17.31%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.92 earnings per share. As a group, sell-side analysts forecast 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, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date is Friday, December 6th. Gaming and Leisure Properties’s payout ratio is 106.29%.

Insider Activity

In related news, Director E Scott Urdang sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $50.39, for a total value of $151,170.00. Following the transaction, the director now owns 146,800 shares in the company, valued at approximately $7,397,252. This represents a 2.00 % 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. Insiders own 4.37% of the company’s stock.

Wall Street Analyst Weigh In

GLPI has been the topic of a number of recent research reports. JMP Securities reiterated a “market outperform” rating and issued a $55.00 target price on shares of Gaming and Leisure Properties in a report on Tuesday, October 29th. Wolfe Research raised shares of Gaming and Leisure Properties from a “peer perform” rating to an “outperform” rating and set a $57.00 price objective on the stock in a research note on Friday, August 23rd. StockNews.com cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Stifel Nicolaus upped their target price on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Mizuho cut their price target on Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Six 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.32.

Gaming and Leisure Properties Profile

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.