Presima Securities ULC Sells 18,848 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Presima Securities ULC decreased its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 679,087 shares of the real estate investment trust’s stock after selling 18,848 shares during the period. Gaming and Leisure Properties comprises about 8.0% of Presima Securities ULC’s holdings, making the stock its 4th largest holding. Presima Securities ULC’s holdings in Gaming and Leisure Properties were worth $32,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of GLPI. Impact Partnership Wealth LLC boosted its stake in Gaming and Leisure Properties by 30.1% during the 4th quarter. Impact Partnership Wealth LLC now owns 11,680 shares of the real estate investment trust’s stock valued at $563,000 after purchasing an additional 2,705 shares during the last quarter. Sound Income Strategies LLC grew its position in shares of Gaming and Leisure Properties by 9.6% during the 4th quarter. Sound Income Strategies LLC now owns 298,097 shares of the real estate investment trust’s stock valued at $14,356,000 after acquiring an additional 26,195 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its position in Gaming and Leisure Properties by 5.7% in the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,244,056 shares of the real estate investment trust’s stock worth $59,379,000 after buying an additional 67,320 shares during the last quarter. Aspire Private Capital LLC raised its stake in Gaming and Leisure Properties by 3.6% in the 4th quarter. Aspire Private Capital LLC now owns 15,950 shares of the real estate investment trust’s stock valued at $768,000 after acquiring an additional 556 shares during the period. Finally, Atomi Financial Group Inc. boosted its holdings in Gaming and Leisure Properties by 6.9% in the 4th quarter. Atomi Financial Group Inc. now owns 5,791 shares of the real estate investment trust’s stock worth $279,000 after buying an additional 374 shares during the period. Institutional investors and hedge funds own 91.14% of the company’s stock.

Insider Buying and Selling

In related news, SVP Matthew Demchyk sold 1,149 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $47.80, for a total value of $54,922.20. Following the transaction, the senior vice president now directly owns 91,620 shares of the company’s stock, valued at approximately $4,379,436. This trade represents a 1.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director E Scott Urdang sold 6,885 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $50.16, for a total value of $345,351.60. Following the completion of the sale, the director now owns 149,800 shares of the company’s stock, valued at approximately $7,513,968. This represents a 4.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,490 shares of company stock worth $1,251,189 in the last quarter. Company insiders own 4.37% of the company’s stock.

Analyst Upgrades and Downgrades

GLPI has been the topic of a number of research analyst reports. StockNews.com lowered Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Stifel Nicolaus lifted their price target on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Wells Fargo & Company reissued an “equal weight” rating and set a $52.00 price target (up previously from $51.00) on shares of Gaming and Leisure Properties in a research report on Tuesday, October 1st. Mizuho reduced their price objective on Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating for the company in a research report on Thursday, November 14th. Finally, Morgan Stanley downgraded shares of Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 target price for the company. in a report on Wednesday, January 15th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $53.93.

Gaming and Leisure Properties Stock Up 0.7 %

Shares of NASDAQ:GLPI opened at $48.11 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. The stock has a market cap of $13.20 billion, a P/E ratio of 16.82, a P/E/G ratio of 1.96 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 firm has a fifty day moving average price of $48.87 and a 200 day moving average price of $49.72.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data 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 firm had revenue of $385.34 million during the quarter, compared to analyst estimates of $385.09 million. Gaming and Leisure Properties had a net margin of 51.93% and a return on equity of 17.31%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 earnings per share. Sell-side analysts predict that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 6.32%. The ex-dividend date was Friday, December 6th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 106.29%.

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.