Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Stock Holdings Cut by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 0.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,527,454 shares of the real estate investment trust’s stock after selling 6,579 shares during the period. Allspring Global Investments Holdings LLC owned approximately 2.01% of Gaming and Leisure Properties worth $264,059,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GLPI. Assetmark Inc. boosted its position in shares of 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 purchasing an additional 535 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of Gaming and Leisure Properties in the 4th quarter worth approximately $31,000. Farther Finance Advisors LLC lifted its stake in Gaming and Leisure Properties by 142.2% during the third quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 384 shares during the last quarter. CKW Financial Group boosted its holdings 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 worth $34,000 after buying an additional 300 shares in the last quarter. Finally, Abich Financial Wealth Management LLC boosted its holdings in Gaming and Leisure Properties by 3,191.3% during the third quarter. Abich Financial Wealth Management LLC now owns 757 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 734 shares in the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Price Performance

NASDAQ:GLPI opened at $48.76 on Wednesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. Gaming and Leisure Properties, Inc. has a one year low of $41.80 and a one year high of $52.60. The company has a fifty day moving average price of $48.36 and a 200 day moving average price of $49.80. The stock has a market cap of $13.38 billion, a P/E ratio of 17.05, a PEG 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. Stockholders of record on Friday, December 6th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date was Friday, December 6th. Gaming and Leisure Properties’s dividend payout ratio is currently 106.29%.

Insider Activity at Gaming and Leisure Properties

In related news, SVP Matthew Demchyk sold 17,617 shares of the company’s stock in a transaction 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 transaction, the senior vice president now directly owns 54,140 shares in the company, valued at approximately $2,674,516. This represents a 24.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Brandon John Moore sold 3,982 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total transaction of $190,498.88. Following the completion of the transaction, the chief operating officer now owns 278,634 shares of the company’s stock, valued at approximately $13,329,850.56. This represents a 1.41 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,222 shares of company stock worth $1,624,947. Company insiders own 4.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Stifel Nicolaus increased their price objective on Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a “buy” rating in a research report on Tuesday, November 26th. JMP Securities reiterated a “market outperform” rating and set a $55.00 price objective on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Morgan Stanley cut 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 research report on Wednesday, January 15th. Scotiabank dropped 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 report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $49.00 to $54.00 in a report on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.