Entropy Technologies LP Has $1.23 Million Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Entropy Technologies LP lowered its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 29.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,949 shares of the real estate investment trust’s stock after selling 9,804 shares during the quarter. Entropy Technologies LP’s holdings in Gaming and Leisure Properties were worth $1,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its holdings in Gaming and Leisure Properties by 6.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,534,033 shares of the real estate investment trust’s stock valued at $284,726,000 after acquiring an additional 341,492 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Gaming and Leisure Properties by 9.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,104,552 shares of the real estate investment trust’s stock worth $185,564,000 after purchasing an additional 350,250 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Gaming and Leisure Properties by 36.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,910,169 shares of the real estate investment trust’s stock valued at $134,074,000 after acquiring an additional 781,906 shares during the period. Bank of New York Mellon Corp boosted its stake in Gaming and Leisure Properties by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 2,761,119 shares of the real estate investment trust’s stock worth $124,830,000 after acquiring an additional 35,311 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC grew its holdings in Gaming and Leisure Properties by 1.5% in the first quarter. Lasalle Investment Management Securities LLC now owns 1,479,756 shares of the real estate investment trust’s stock worth $68,172,000 after purchasing an additional 21,667 shares during the period. Institutional investors own 91.14% of the company’s stock.

Insiders Place Their Bets

In other news, COO Brandon John Moore sold 30,900 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $50.05, for a total value of $1,546,545.00. Following the transaction, the chief operating officer now owns 208,977 shares in the company, valued at approximately $10,459,298.85. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Gaming and Leisure Properties news, CFO Desiree A. Burke sold 12,973 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $52.02, for a total value of $674,855.46. Following the completion of the transaction, the chief financial officer now directly owns 108,073 shares in the company, valued at approximately $5,621,957.46. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Brandon John Moore sold 30,900 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $50.05, for a total transaction of $1,546,545.00. Following the completion of the sale, the chief operating officer now owns 208,977 shares of the company’s stock, valued at $10,459,298.85. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 53,758 shares of company stock valued at $2,717,922 in the last ninety days. Company insiders own 4.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on GLPI shares. StockNews.com downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $52.00 target price (up from $51.00) on shares of Gaming and Leisure Properties in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft boosted 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. JMP Securities reaffirmed a “market outperform” rating and set a $55.00 price target on shares of Gaming and Leisure Properties in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada raised their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Gaming and Leisure Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.18.

Gaming and Leisure Properties Trading Down 0.1 %

Shares of GLPI opened at $49.09 on Thursday. 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 has a market cap of $13.47 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 2.12 and a beta of 0.99. The firm has a 50 day moving average price of $50.84 and a 200-day moving average price of $48.11. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35.

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

Gaming and Leisure Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.76 per share. The ex-dividend date was Friday, September 13th. This represents a $3.04 annualized dividend and a yield of 6.19%. Gaming and Leisure Properties’s payout ratio is 106.29%.

Gaming and Leisure Properties Company 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.