Kestra Private Wealth Services LLC Increases Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Kestra Private Wealth Services LLC increased its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 35.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,130 shares of the real estate investment trust’s stock after purchasing an additional 6,896 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Gaming and Leisure Properties were worth $1,258,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in GLPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Gaming and Leisure Properties by 647.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,025,526 shares of the real estate investment trust’s stock worth $104,213,000 after purchasing an additional 1,754,370 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Gaming and Leisure Properties by 7.8% in the 3rd quarter. Franklin Resources Inc. now owns 12,259,224 shares of the real estate investment trust’s stock worth $641,059,000 after buying an additional 889,698 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Gaming and Leisure Properties by 25.3% during the 3rd quarter. Jennison Associates LLC now owns 4,075,461 shares of the real estate investment trust’s stock worth $209,682,000 after acquiring an additional 821,634 shares in the last quarter. Janus Henderson Group PLC lifted its position in Gaming and Leisure Properties by 6,162.9% during the third quarter. Janus Henderson Group PLC now owns 812,981 shares of the real estate investment trust’s stock valued at $41,820,000 after acquiring an additional 800,000 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Gaming and Leisure Properties in the third quarter valued at approximately $27,057,000. Institutional investors own 91.14% of the company’s stock.

Analyst Ratings Changes

GLPI has been the subject of several analyst reports. StockNews.com lowered Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Stifel Nicolaus increased their price target on Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Morgan Stanley lowered Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price target on the stock. in a research note on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and lifted their target price for the stock from $49.00 to $54.00 in a research note on Wednesday, November 20th. Finally, Mizuho cut their price target on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.93.

Insiders Place Their Bets

In related news, SVP Matthew Demchyk sold 17,617 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $49.40, for a total value of $870,279.80. Following the completion of the sale, the senior vice president now owns 54,140 shares of the company’s stock, valued at approximately $2,674,516. The trade was a 24.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Brandon John Moore sold 3,982 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total transaction of $190,498.88. Following the transaction, the chief operating officer now owns 278,634 shares of the company’s stock, valued at $13,329,850.56. This represents a 1.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,222 shares of company stock worth $1,624,947. Company insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Trading Down 0.7 %

Gaming and Leisure Properties stock opened at $48.44 on Thursday. The firm has a market cap of $13.29 billion, a PE ratio of 16.94, a P/E/G ratio of 2.01 and a beta of 0.99. Gaming and Leisure Properties, Inc. has a 12 month low of $41.80 and a 12 month high of $52.60. The stock’s 50 day simple moving average is $48.30 and its two-hundred day simple moving average is $49.79. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62.

Gaming and Leisure Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.76 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.04 dividend on an annualized basis and a yield of 6.28%. Gaming and Leisure Properties’s payout ratio is 106.29%.

Gaming and Leisure Properties Company 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.