Fiduciary Family Office LLC Sells 926 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Fiduciary Family Office LLC cut its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 3.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,959 shares of the real estate investment trust’s stock after selling 926 shares during the period. Fiduciary Family Office LLC’s holdings in Gaming and Leisure Properties were worth $1,490,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GLPI. Norden Group LLC bought a new position in shares of Gaming and Leisure Properties during the first quarter valued at approximately $278,000. First Trust Direct Indexing L.P. boosted its stake in shares of Gaming and Leisure Properties by 7.1% during the first quarter. First Trust Direct Indexing L.P. now owns 9,154 shares of the real estate investment trust’s stock valued at $422,000 after purchasing an additional 608 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Gaming and Leisure Properties by 9.3% during the first quarter. Commonwealth Equity Services LLC now owns 24,594 shares of the real estate investment trust’s stock valued at $1,133,000 after purchasing an additional 2,095 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of Gaming and Leisure Properties by 2.7% during the first quarter. Private Advisor Group LLC now owns 11,440 shares of the real estate investment trust’s stock valued at $527,000 after purchasing an additional 299 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Gaming and Leisure Properties during the first quarter valued at approximately $775,000. 91.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GLPI has been the subject of several recent analyst reports. Wells Fargo & Company restated an “equal weight” rating and issued a $52.00 target price (up from $51.00) on shares of Gaming and Leisure Properties in a research note on Tuesday, October 1st. Stifel Nicolaus raised their target price on shares of Gaming and Leisure Properties from $52.00 to $52.50 and gave the company a “buy” rating in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Royal Bank of Canada raised their target price on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Finally, Scotiabank raised their target price on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 16th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $52.18.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 5,605 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $48.89, for a total transaction of $274,028.45. Following the completion of the sale, the director now owns 156,685 shares of the company’s stock, valued at $7,660,329.65. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, COO Brandon John Moore sold 30,900 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $50.05, for a total transaction of $1,546,545.00. Following the transaction, the chief operating officer now directly owns 208,977 shares in the company, valued at approximately $10,459,298.85. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director E Scott Urdang sold 5,605 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $48.89, for a total transaction of $274,028.45. Following the completion of the transaction, the director now owns 156,685 shares in the company, valued at $7,660,329.65. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 59,363 shares of company stock valued at $2,991,951. Corporate insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Stock Performance

Shares of Gaming and Leisure Properties stock traded down $0.42 during trading on Tuesday, hitting $50.17. 88,578 shares of the company’s stock were exchanged, compared to its average volume of 1,312,919. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. The business has a 50-day simple moving average of $51.13 and a 200-day simple moving average of $47.83. Gaming and Leisure Properties, Inc. has a 52-week low of $41.80 and a 52-week high of $52.60. The stock has a market capitalization of $13.77 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 2.14 and a beta of 0.99.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.25). Gaming and Leisure Properties had a net margin of 51.93% and a return on equity of 17.31%. The firm had revenue of $385.34 million during the quarter, compared to analysts’ expectations of $385.09 million. During the same period in the previous year, the firm posted $0.92 EPS. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. On average, research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.76 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.04 dividend on an annualized basis and a yield of 6.06%. Gaming and Leisure Properties’s payout ratio is 106.29%.

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.