Hantz Financial Services Inc. Sells 1,107 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Hantz Financial Services Inc. trimmed its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 2.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 39,423 shares of the real estate investment trust’s stock after selling 1,107 shares during the quarter. Hantz Financial Services Inc.’s holdings in Gaming and Leisure Properties were worth $2,028,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GLPI. Assetmark Inc. raised its holdings in shares of Gaming and Leisure Properties by 2,547.6% in the third quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 535 shares during the period. Farther Finance Advisors LLC grew its position in Gaming and Leisure Properties by 142.2% in 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 during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Gaming and Leisure Properties during the second quarter worth $31,000. EverSource Wealth Advisors LLC boosted its stake in shares of Gaming and Leisure Properties by 578.4% during the second quarter. EverSource Wealth Advisors LLC now owns 692 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 590 shares during the period. Finally, EdgeRock Capital LLC bought a new position in shares of Gaming and Leisure Properties in the second quarter worth about $33,000. 91.14% of the stock is owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Stock Down 0.1 %

NASDAQ:GLPI opened at $51.61 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. The company’s fifty day moving average price is $50.59 and its 200-day moving average price is $48.65. Gaming and Leisure Properties, Inc. has a 1-year low of $41.80 and a 1-year high of $52.60. The firm has a market capitalization of $14.16 billion, a P/E ratio of 18.05, a PEG ratio of 2.19 and a beta of 0.99.

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

Gaming and Leisure Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.76 dividend. The ex-dividend date is Friday, December 6th. This represents a $3.04 annualized dividend and a yield of 5.89%. Gaming and Leisure Properties’s dividend payout ratio is presently 106.29%.

Insider Transactions at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $50.39, for a total value of $151,170.00. Following the completion of the transaction, the director now owns 146,800 shares in the company, valued at $7,397,252. The trade was a 2.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.37% of the company’s stock.

Wall Street Analysts Forecast Growth

GLPI has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and raised their target price for the stock from $49.00 to $54.00 in a research report on Wednesday, November 20th. JMP Securities restated a “market outperform” rating and issued a $55.00 price target on shares of Gaming and Leisure Properties in a report on Tuesday, October 29th. Wells Fargo & Company reissued an “equal weight” rating and issued a $52.00 price objective (up previously from $51.00) on shares of Gaming and Leisure Properties in a research note on Tuesday, October 1st. Wolfe Research upgraded Gaming and Leisure Properties from a “peer perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a report on Friday, August 23rd. Finally, Stifel Nicolaus boosted their price target on Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $53.32.

Gaming and Leisure Properties 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.