Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Position Lessened by Versor Investments LP

Versor Investments LP decreased its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 51.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,432 shares of the real estate investment trust’s stock after selling 21,300 shares during the period. Versor Investments LP’s holdings in Gaming and Leisure Properties were worth $984,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Assetmark Inc. raised its stake in Gaming and Leisure Properties by 2,547.6% during the 3rd quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 535 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in Gaming and Leisure Properties during the 4th quarter valued at $31,000. Farther Finance Advisors LLC raised its stake in Gaming and Leisure Properties by 142.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 384 shares in the last quarter. CKW Financial Group raised its stake in Gaming and Leisure Properties by 75.0% during the 4th quarter. CKW Financial Group now owns 700 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 300 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in Gaming and Leisure Properties during the 3rd quarter valued at $39,000. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ GLPI opened at $49.92 on Friday. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $13.72 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 2.01 and a beta of 0.99. The stock’s fifty day simple moving average is $48.25 and its 200 day simple moving average is $49.77. Gaming and Leisure Properties, Inc. has a 52-week low of $41.80 and a 52-week high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. The business had revenue of $389.62 million for the quarter, compared to analysts’ expectations of $391.54 million. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. As a group, sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date of this dividend is Friday, March 14th. Gaming and Leisure Properties’s payout ratio is 105.92%.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $49.72, for a total value of $248,600.00. Following the completion of the sale, the director now owns 145,953 shares in the company, valued at $7,256,783.16. This represents a 3.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Matthew Demchyk sold 1,149 shares of Gaming and Leisure Properties stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $47.80, for a total transaction of $54,922.20. Following the sale, the senior vice president now directly owns 91,620 shares of the company’s stock, valued at $4,379,436. This trade represents a 1.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,222 shares of company stock worth $1,873,547 in the last three months. 4.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

GLPI has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised 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 note on Wednesday, November 20th. Royal Bank of Canada cut their target price on Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating on the stock in a research note on Monday. JMP Securities reaffirmed a “market outperform” rating and set a $55.00 target price on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Barclays started coverage on Gaming and Leisure Properties in a research report on Tuesday, December 17th. They set an “equal weight” rating and a $54.53 price target on the stock. Finally, Scotiabank lowered their price target on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and a consensus price target of $54.15.

Gaming and Leisure Properties Company 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.