Headlands Technologies LLC Sells 4,695 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Headlands Technologies LLC cut its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 51.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,441 shares of the real estate investment trust’s stock after selling 4,695 shares during the period. Headlands Technologies LLC’s holdings in Gaming and Leisure Properties were worth $214,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Stonebridge Financial Group LLC bought a new position in Gaming and Leisure Properties during the 4th quarter valued at about $31,000. CKW Financial Group lifted its position in Gaming and Leisure Properties by 75.0% during the fourth quarter. CKW Financial Group now owns 700 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 300 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Gaming and Leisure Properties in the third quarter worth approximately $66,000. UMB Bank n.a. grew its position in Gaming and Leisure Properties by 57.4% in the 4th quarter. UMB Bank n.a. now owns 1,368 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 499 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in Gaming and Leisure Properties by 59.7% during the 4th quarter. Venturi Wealth Management LLC now owns 1,730 shares of the real estate investment trust’s stock valued at $83,000 after buying an additional 647 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director E Scott Urdang sold 5,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $49.72, for a total transaction of $248,600.00. Following the completion of the transaction, the director now directly owns 145,953 shares of the company’s stock, valued at approximately $7,256,783.16. This represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Matthew Demchyk sold 17,617 shares of Gaming and Leisure Properties stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $49.40, for a total value 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 approximately $2,674,516. The trade was a 24.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,933 shares of company stock worth $2,533,487 over the last 90 days. Corporate insiders own 4.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on GLPI shares. Mizuho raised their price target on Gaming and Leisure Properties from $51.00 to $53.00 and gave the stock a “neutral” rating in a research note on Thursday. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $49.00 to $54.00 in a research report on Friday, December 13th. Scotiabank reduced their price target on shares of 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. Wells Fargo & Company raised their price objective on shares of Gaming and Leisure Properties from $50.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, March 10th. Finally, Royal Bank of Canada cut their target price on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.11.

Gaming and Leisure Properties Stock Down 3.1 %

NASDAQ GLPI opened at $47.89 on Friday. 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 stock has a market cap of $13.16 billion, a PE ratio of 16.69, a P/E/G ratio of 2.01 and a beta of 1.00. The stock’s 50 day moving average is $49.66 and its 200 day moving average is $49.66.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 EPS for the quarter, topping the consensus estimate of $0.94 by $0.01. The firm had revenue of $389.62 million for the quarter, compared to the consensus estimate of $391.54 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. Research analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 6.35%. The ex-dividend date of this dividend was Friday, March 14th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 105.92%.

Gaming and Leisure Properties Profile

Gaming & Leisure Properties, Inc engages in the provision of 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.