Sequoia Financial Advisors LLC Grows Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Sequoia Financial Advisors LLC raised its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,938 shares of the real estate investment trust’s stock after acquiring an additional 1,259 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Gaming and Leisure Properties were worth $1,153,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in GLPI. Assetmark Inc. lifted its holdings in Gaming and Leisure Properties by 2,547.6% in 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. Atria Investments Inc raised its position in shares of Gaming and Leisure Properties by 16.0% in the third quarter. Atria Investments Inc now owns 19,668 shares of the real estate investment trust’s stock valued at $1,012,000 after buying an additional 2,710 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Gaming and Leisure Properties by 0.6% during the third quarter. Victory Capital Management Inc. now owns 798,922 shares of the real estate investment trust’s stock valued at $41,105,000 after buying an additional 5,037 shares during the period. KBC Group NV boosted its position in Gaming and Leisure Properties by 162.8% during the third quarter. KBC Group NV now owns 97,643 shares of the real estate investment trust’s stock worth $5,024,000 after acquiring an additional 60,489 shares during the last quarter. Finally, CIBC Asset Management Inc grew its stake in Gaming and Leisure Properties by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 7,948 shares of the real estate investment trust’s stock worth $409,000 after acquiring an additional 278 shares during the period. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Trading Up 0.7 %

GLPI opened at $49.78 on Friday. The firm’s 50 day moving average is $48.75 and its 200-day moving average is $49.79. Gaming and Leisure Properties, Inc. has a 52-week low of $41.80 and a 52-week high of $52.60. 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 firm has a market capitalization of $13.68 billion, a P/E ratio of 17.35, a P/E/G ratio of 2.01 and a beta of 1.00.

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

Gaming and Leisure Properties Dividend Announcement

The firm also recently declared 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 yield of 6.11%. The ex-dividend date of this dividend is Friday, March 14th. Gaming and Leisure Properties’s dividend payout ratio is currently 105.92%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GLPI. Barclays decreased their price objective on Gaming and Leisure Properties from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 4th. Scotiabank cut their price objective on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. Stifel Nicolaus lifted their price target on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a “buy” rating in a report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and increased their target price for the stock from $49.00 to $54.00 in a research report on Wednesday, November 20th. Finally, Royal Bank of Canada lowered their price target on 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 research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $53.96.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,000 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $49.72, for a total transaction of $248,600.00. Following the transaction, the director now directly 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 legal filing with the SEC, which is available through this link. Also, SVP Matthew Demchyk sold 1,138 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $50.45, for a total transaction of $57,412.10. Following the completion of the sale, the senior vice president now directly owns 53,002 shares of the company’s stock, valued at $2,673,950.90. The trade was a 2.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,064 shares of company stock worth $2,778,908 in the last 90 days. 4.37% of the stock is owned by corporate insiders.

Gaming and Leisure Properties Company 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.