Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Sold by Entropy Technologies LP

Entropy Technologies LP lowered its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 73.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,260 shares of the real estate investment trust’s stock after selling 17,689 shares during the quarter. Entropy Technologies LP’s holdings in Gaming and Leisure Properties were worth $301,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Lecap Asset Management Ltd. grew its position in shares of Gaming and Leisure Properties by 32.0% during the fourth quarter. Lecap Asset Management Ltd. now owns 26,105 shares of the real estate investment trust’s stock worth $1,257,000 after buying an additional 6,333 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Gaming and Leisure Properties by 4.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,064 shares of the real estate investment trust’s stock worth $3,760,000 after purchasing an additional 3,630 shares during the period. Financial Advocates Investment Management boosted its holdings in Gaming and Leisure Properties by 9.5% in the fourth quarter. Financial Advocates Investment Management now owns 9,522 shares of the real estate investment trust’s stock worth $459,000 after purchasing an additional 830 shares during the period. State of Alaska Department of Revenue boosted its holdings in Gaming and Leisure Properties by 0.3% in the fourth quarter. State of Alaska Department of Revenue now owns 305,765 shares of the real estate investment trust’s stock worth $14,723,000 after purchasing an additional 827 shares during the period. Finally, Choreo LLC boosted its holdings in Gaming and Leisure Properties by 105.1% in the fourth quarter. Choreo LLC now owns 12,387 shares of the real estate investment trust’s stock worth $591,000 after purchasing an additional 6,347 shares during the period. Institutional investors and hedge funds own 91.14% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on GLPI shares. Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $49.00 to $54.00 in a report on Wednesday, November 20th. Mizuho decreased their price objective on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating for the company in a report on Thursday, November 14th. Morgan Stanley downgraded shares of Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price objective for the company. in a report on Wednesday, January 15th. JMP Securities reaffirmed a “market outperform” rating and issued a $55.00 price objective on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Finally, Barclays initiated coverage on shares of Gaming and Leisure Properties in a report on Tuesday, December 17th. They issued an “equal weight” rating and a $54.53 price objective for the company. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Gaming and Leisure Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.93.

Insider Activity at Gaming and Leisure Properties

In related news, COO Brandon John Moore sold 3,982 shares of Gaming and Leisure Properties stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total transaction of $190,498.88. Following the sale, the chief operating officer now directly owns 278,634 shares in the company, valued at $13,329,850.56. The trade was a 1.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Matthew Demchyk sold 1,149 shares of Gaming and Leisure Properties stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $47.80, for a total value of $54,922.20. Following the transaction, the senior vice president now directly owns 91,620 shares in the company, valued at approximately $4,379,436. The trade was a 1.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,222 shares of company stock worth $1,624,947 over the last ninety days. 4.37% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI opened at $49.30 on Friday. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $52.60. The firm’s 50-day simple moving average is $48.25 and its 200 day simple moving average is $49.79. 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 cap of $13.53 billion, a P/E ratio of 17.24, a P/E/G ratio of 2.01 and a beta of 0.99.

Gaming and Leisure Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date was Friday, December 6th. Gaming and Leisure Properties’s dividend payout ratio is currently 106.29%.

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.