Alliancebernstein L.P. Has $37.89 Million Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Alliancebernstein L.P. raised its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 786,822 shares of the real estate investment trust’s stock after buying an additional 7,300 shares during the quarter. Alliancebernstein L.P. owned 0.29% of Gaming and Leisure Properties worth $37,893,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLPI. Stonebridge Financial Group LLC acquired a new stake in shares of Gaming and Leisure Properties in the 4th quarter valued at approximately $31,000. CKW Financial Group raised its holdings in 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 worth $34,000 after purchasing an additional 300 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Gaming and Leisure Properties during the third quarter worth $66,000. UMB Bank n.a. grew its holdings in shares of 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 valued at $66,000 after buying an additional 499 shares during the period. Finally, Venturi Wealth Management LLC increased its position in shares of Gaming and Leisure Properties by 59.7% in the 4th quarter. Venturi Wealth Management LLC now owns 1,730 shares of the real estate investment trust’s stock valued at $83,000 after buying an additional 647 shares in the last quarter. Institutional investors own 91.14% of the company’s stock.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,000 shares of Gaming and Leisure Properties 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 of the company’s stock, valued at $7,173,098.17. The trade was a 3.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Matthew Demchyk sold 17,617 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.40, for a total transaction of $870,279.80. Following the completion of the transaction, the senior vice president now directly owns 54,140 shares in the company, valued at $2,674,516. The trade was a 24.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,933 shares of company stock worth $2,533,487 in the last ninety days. Insiders own 4.37% of the company’s stock.

Wall Street Analyst Weigh In

GLPI has been the subject of a number of research analyst reports. Mizuho boosted their target price on Gaming and Leisure Properties from $51.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $49.00 to $54.00 in a research note on Friday, December 13th. Scotiabank cut their price target on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. JMP Securities reissued a “market outperform” rating and set a $55.00 price objective on shares of Gaming and Leisure Properties in a research report on Wednesday, December 18th. Finally, Wells Fargo & Company boosted their price objective on shares of Gaming and Leisure Properties from $50.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, March 10th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Gaming and Leisure Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.11.

Gaming and Leisure Properties Stock Performance

GLPI opened at $47.89 on Friday. The business’s 50-day simple moving average is $49.66 and its 200 day simple moving average is $49.65. 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 debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. The firm has a market capitalization of $13.16 billion, a PE ratio of 16.69, a PEG ratio of 2.01 and a beta of 0.72.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $391.54 million. As a group, sell-side analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.35%. The ex-dividend date was Friday, March 14th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 105.92%.

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.