Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Holdings Boosted by Atomi Financial Group Inc.

Atomi Financial Group Inc. raised its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,791 shares of the real estate investment trust’s stock after acquiring an additional 374 shares during the quarter. Atomi Financial Group Inc.’s holdings in Gaming and Leisure Properties were worth $279,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC increased its holdings in Gaming and Leisure Properties by 0.7% in the second quarter. EP Wealth Advisors LLC now owns 33,990 shares of the real estate investment trust’s stock worth $1,537,000 after buying an additional 220 shares during the last quarter. GAMMA Investing LLC raised its holdings in Gaming and Leisure Properties by 8.7% in the 4th quarter. GAMMA Investing LLC now owns 2,826 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 226 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in Gaming and Leisure Properties by 5.1% during the third quarter. Integrated Wealth Concepts LLC now owns 5,433 shares of the real estate investment trust’s stock worth $280,000 after buying an additional 262 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Gaming and Leisure Properties by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 7,948 shares of the real estate investment trust’s stock worth $409,000 after acquiring an additional 278 shares during the period. Finally, Marshall Financial Group LLC boosted its position in shares of Gaming and Leisure Properties by 1.4% during the 3rd quarter. Marshall Financial Group LLC now owns 20,917 shares of the real estate investment trust’s stock valued at $1,076,000 after acquiring an additional 289 shares in the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Mizuho dropped their price objective on Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating for the company in a research note on Thursday, November 14th. JMP Securities reiterated a “market outperform” rating and issued a $55.00 price objective on shares of Gaming and Leisure Properties in a research report on Wednesday, December 18th. Wells Fargo & Company restated an “equal weight” rating and set a $52.00 target price (up from $51.00) on shares of Gaming and Leisure Properties in a research report on Tuesday, October 1st. Scotiabank decreased their target price on 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 target price on the stock. in a report on Wednesday, January 15th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $53.93.

Insider Buying and Selling

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 10,474 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $48.62, for a total value of $509,245.88. Following the transaction, the senior vice president now directly owns 71,757 shares in the company, valued at $3,488,825.34. The trade was a 12.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director E Scott Urdang sold 3,000 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $50.39, for a total transaction of $151,170.00. Following the completion of the transaction, the director now directly owns 146,800 shares in the company, valued at approximately $7,397,252. This represents a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,490 shares of company stock worth $1,251,189. Company insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Stock Performance

Shares of GLPI stock opened at $48.11 on Monday. The company’s fifty day simple moving average is $48.87 and its 200-day simple moving average is $49.78. 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 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. The firm has a market cap of $13.20 billion, a PE ratio of 16.82, a P/E/G ratio of 1.96 and a beta of 0.99.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results 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). The firm had revenue of $385.34 million for the quarter, compared to analyst estimates of $385.09 million. Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. Gaming and Leisure Properties’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Equities research analysts expect that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders 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 dividend yield of 6.32%. Gaming and Leisure Properties’s payout ratio is 106.29%.

About Gaming and Leisure Properties

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.