Summit Trail Advisors LLC Acquires New Shares in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Summit Trail Advisors LLC bought a new position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,854 shares of the real estate investment trust’s stock, valued at approximately $234,000.

Several other large investors have also added to or reduced their stakes in GLPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Gaming and Leisure Properties by 647.0% in 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 in the last quarter. Franklin Resources Inc. increased its holdings in Gaming and Leisure Properties by 7.8% during the 3rd quarter. Franklin Resources Inc. now owns 12,259,224 shares of the real estate investment trust’s stock worth $641,059,000 after acquiring an additional 889,698 shares during the period. Jennison Associates LLC lifted its stake in Gaming and Leisure Properties by 25.3% in the 3rd quarter. Jennison Associates LLC now owns 4,075,461 shares of the real estate investment trust’s stock worth $209,682,000 after purchasing an additional 821,634 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Gaming and Leisure Properties by 6,162.9% in the 3rd quarter. Janus Henderson Group PLC now owns 812,981 shares of the real estate investment trust’s stock valued at $41,820,000 after purchasing an additional 800,000 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in Gaming and Leisure Properties in the 3rd quarter valued at $27,057,000. Institutional investors own 91.14% of the company’s stock.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, COO Brandon John Moore sold 3,982 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were 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 approximately $13,329,850.56. The trade was a 1.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matthew Demchyk sold 1,149 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were 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 owns 91,620 shares in the company, valued at $4,379,436. The trade was a 1.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,222 shares of company stock worth $1,624,947. Company insiders own 4.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $49.00 to $54.00 in a research report on Friday, December 13th. Morgan Stanley cut Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price target on the stock. in a report on Wednesday, January 15th. Scotiabank dropped their price target on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. Mizuho decreased their price objective on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and lifted their target price for the company from $49.00 to $54.00 in a research report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.93.

Gaming and Leisure Properties Price Performance

GLPI stock opened at $48.44 on Thursday. The firm has a market cap of $13.29 billion, a P/E ratio of 16.94, a P/E/G ratio of 2.01 and a beta of 0.99. The firm’s fifty day moving average is $48.30 and its 200 day moving average is $49.79. Gaming and Leisure Properties, Inc. has a 52 week low of $41.80 and a 52 week 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 business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a $0.76 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.04 annualized dividend and a dividend yield of 6.28%. Gaming and Leisure Properties’s dividend payout ratio is currently 106.29%.

About Gaming and Leisure Properties

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.