643 Shares in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Acquired by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC purchased a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 643 shares of the real estate investment trust’s stock, valued at approximately $31,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of GLPI. GAMMA Investing LLC lifted its position in Gaming and Leisure Properties by 8.7% during the fourth quarter. GAMMA Investing LLC now owns 2,826 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 226 shares in the last quarter. Opal Wealth Advisors LLC raised its stake in shares of Gaming and Leisure Properties by 4.9% in the fourth quarter. Opal Wealth Advisors LLC now owns 5,082 shares of the real estate investment trust’s stock worth $245,000 after buying an additional 238 shares during the period. Integrated Wealth Concepts LLC lifted its position in shares of Gaming and Leisure Properties by 5.1% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 5,433 shares of the real estate investment trust’s stock valued at $280,000 after buying an additional 262 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Gaming and Leisure Properties by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 7,948 shares of the real estate investment trust’s stock worth $409,000 after acquiring an additional 278 shares in the last quarter. Finally, Marshall Financial Group LLC raised its stake in Gaming and Leisure Properties by 1.4% during the 3rd quarter. Marshall Financial Group LLC now owns 20,917 shares of the real estate investment trust’s stock worth $1,076,000 after acquiring an additional 289 shares during the period. 91.14% of the stock is owned by institutional investors.

Gaming and Leisure Properties Stock Down 1.4 %

Shares of NASDAQ:GLPI opened at $48.61 on Friday. The company has a market cap of $13.34 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 2.01 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. The company has a 50-day moving average price of $48.22 and a 200 day moving average price of $49.78.

Gaming and Leisure Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.25%. The ex-dividend date of this dividend was Friday, December 6th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 106.29%.

Insider Activity

In other news, COO Brandon John Moore sold 3,982 shares of the firm’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 completion of the sale, the chief operating officer now owns 278,634 shares in the company, valued at approximately $13,329,850.56. This trade represents a 1.41 % decrease in their position. 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 17,617 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $49.40, for a total transaction of $870,279.80. Following the completion of the sale, the senior vice president now directly owns 54,140 shares in the company, valued at $2,674,516. This trade represents a 24.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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.

Analysts Set New Price Targets

A number of equities analysts have weighed in on GLPI shares. JPMorgan Chase & Co. upgraded shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $49.00 to $54.00 in a research report on Friday, December 13th. Stifel Nicolaus raised their price target on Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a “buy” rating in a report on Tuesday, November 26th. Barclays started 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 objective for the company. Scotiabank decreased their target price on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. Finally, Mizuho dropped 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 investment analysts have rated the stock with a hold rating and nine have issued 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 price target 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.