Xponance Inc. Buys 3,147 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Xponance Inc. lifted its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 7.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 48,204 shares of the real estate investment trust’s stock after buying an additional 3,147 shares during the period. Xponance Inc.’s holdings in Gaming and Leisure Properties were worth $2,322,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of GLPI. Stonebridge Financial Group LLC purchased a new position in Gaming and Leisure Properties during the 4th quarter worth $31,000. CKW Financial Group raised its holdings in shares of Gaming and Leisure Properties by 75.0% in the fourth quarter. CKW Financial Group now owns 700 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 300 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Gaming and Leisure Properties during the third quarter valued at about $39,000. Wilmington Savings Fund Society FSB purchased a new position in Gaming and Leisure Properties during the third quarter worth about $66,000. Finally, UMB Bank n.a. grew its position in Gaming and Leisure Properties by 57.4% in the 4th quarter. UMB Bank n.a. now owns 1,368 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 499 shares in the last quarter. Institutional investors own 91.14% of the company’s stock.

Insider Buying and Selling

In other news, Director E Scott Urdang sold 5,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $50.89, for a total transaction of $254,450.00. Following the completion of the transaction, the director now directly owns 140,953 shares in the company, valued at $7,173,098.17. The trade was a 3.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Matthew Demchyk sold 1,149 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $47.80, for a total value of $54,922.20. Following the completion of the sale, the senior vice president now owns 91,620 shares in the company, valued at $4,379,436. This trade represents a 1.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,064 shares of company stock valued at $2,778,908. Company insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Trading Down 1.5 %

Shares of GLPI stock opened at $50.20 on Friday. The stock has a market capitalization of $13.80 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 2.01 and a beta of 1.00. The company’s fifty day simple moving average is $49.14 and its two-hundred day simple moving average is $49.77. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year high of $52.60. 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 (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. The company had revenue of $389.62 million for the quarter, compared to analyst estimates of $391.54 million. As a group, analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.76 per share. The ex-dividend date is Friday, March 14th. This represents a $3.04 annualized dividend and a yield of 6.06%. Gaming and Leisure Properties’s dividend payout ratio is currently 105.92%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GLPI. JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $49.00 to $54.00 in a research note on Friday, December 13th. Stifel Nicolaus upped their price objective 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. JMP Securities reiterated a “market outperform” rating and set a $55.00 target price on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Scotiabank reduced their price target on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. Finally, Morgan Stanley lowered shares of Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price objective on the stock. in a research report on Wednesday, January 15th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.96.

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.