Cwm LLC Sells 2,099 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Cwm LLC decreased its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 39.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,265 shares of the real estate investment trust’s stock after selling 2,099 shares during the period. Cwm LLC’s holdings in Gaming and Leisure Properties were worth $168,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Atomi Financial Group Inc. bought a new stake in shares of Gaming and Leisure Properties during the third quarter valued at approximately $279,000. GAMMA Investing LLC lifted its holdings in shares of Gaming and Leisure Properties by 68.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,600 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 1,055 shares during the period. Handelsbanken Fonder AB grew its position in Gaming and Leisure Properties by 13.7% during the third quarter. Handelsbanken Fonder AB now owns 72,100 shares of the real estate investment trust’s stock valued at $3,710,000 after buying an additional 8,700 shares during the period. Park Avenue Securities LLC lifted its holdings in Gaming and Leisure Properties by 8.4% during the third quarter. Park Avenue Securities LLC now owns 9,610 shares of the real estate investment trust’s stock valued at $494,000 after purchasing an additional 742 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Gaming and Leisure Properties during the second quarter worth approximately $779,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Analysts Set New Price Targets

GLPI has been the subject of several research analyst reports. Royal Bank of Canada increased their target price on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. StockNews.com upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Friday, July 19th. JMP Securities upped their target price on Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Monday, August 12th. Raymond James boosted their price objective on Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a report on Wednesday, August 21st. Finally, Scotiabank lifted their price target on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a report on Tuesday, July 16th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and an average price target of $52.18.

Gaming and Leisure Properties Trading Up 0.2 %

Shares of GLPI stock opened at $50.92 on Thursday. The company has a 50 day moving average of $51.05 and a 200-day moving average of $47.40. Gaming and Leisure Properties, Inc. has a 12-month low of $41.80 and a 12-month high of $52.60. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.49. The firm has a market cap of $13.82 billion, a P/E ratio of 18.79, a PEG ratio of 5.34 and a beta of 0.99.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.77 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.15). The company had revenue of $380.60 million during the quarter, compared to analysts’ expectations of $377.95 million. Gaming and Leisure Properties had a return on equity of 17.60% and a net margin of 52.79%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 EPS. Sell-side analysts anticipate 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 paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date was Friday, September 13th. Gaming and Leisure Properties’s payout ratio is currently 112.18%.

Insiders Place Their Bets

In other news, Director E Scott Urdang sold 5,605 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $48.89, for a total transaction of $274,028.45. Following the sale, the director now owns 156,685 shares in the company, valued at approximately $7,660,329.65. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, COO Brandon John Moore sold 30,900 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was 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 directly owns 208,977 shares of the company’s stock, valued at approximately $10,459,298.85. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director E Scott Urdang sold 5,605 shares of Gaming and Leisure Properties stock in a transaction on Monday, August 12th. The stock was sold at an average price of $48.89, for a total value of $274,028.45. Following the completion of the sale, the director now directly owns 156,685 shares of the company’s stock, valued at approximately $7,660,329.65. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,478 shares of company stock worth $2,495,429 over the last three months. Company insiders own 4.40% of the company’s stock.

About Gaming and Leisure Properties

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.