Stratos Wealth Partners LTD. Boosts Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Stratos Wealth Partners LTD. lifted its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 8.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,192 shares of the real estate investment trust’s stock after buying an additional 904 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Gaming and Leisure Properties were worth $587,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Gaming and Leisure Properties by 647.0% during 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 valued at $104,213,000 after purchasing an additional 1,754,370 shares in the last quarter. Franklin Resources Inc. raised its position in Gaming and Leisure Properties by 7.8% during the third quarter. Franklin Resources Inc. now owns 12,259,224 shares of the real estate investment trust’s stock valued at $641,059,000 after acquiring an additional 889,698 shares in the last quarter. Jennison Associates LLC grew its position in Gaming and Leisure Properties by 25.3% during the third quarter. Jennison Associates LLC now owns 4,075,461 shares of the real estate investment trust’s stock valued at $209,682,000 after buying an additional 821,634 shares during the period. Janus Henderson Group PLC grew its holdings in Gaming and Leisure Properties by 6,162.9% in 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 purchasing an additional 800,000 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in Gaming and Leisure Properties during the third quarter worth $27,057,000. 91.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GLPI has been the topic of a number of research reports. JMP Securities reissued a “market outperform” rating and issued a $55.00 target price on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. StockNews.com downgraded shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Barclays assumed coverage on Gaming and Leisure Properties in a report on Tuesday, December 17th. They issued an “equal weight” rating and a $54.53 target price on the stock. Morgan Stanley downgraded 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 research report on Wednesday, January 15th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and raised their price objective for the stock from $49.00 to $54.00 in a research report on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.93.

Gaming and Leisure Properties Stock Down 0.7 %

Gaming and Leisure Properties stock opened at $48.76 on Wednesday. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $52.60. The firm has a market capitalization of $13.38 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99. 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 stock’s fifty day moving average is $48.36 and its two-hundred day moving average is $49.80.

Gaming and Leisure Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date was Friday, December 6th. Gaming and Leisure Properties’s dividend payout ratio is presently 106.29%.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 10,474 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $48.62, for a total value of $509,245.88. Following the completion of the transaction, the senior vice president now owns 71,757 shares in the company, valued at $3,488,825.34. This represents a 12.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Brandon John Moore sold 3,982 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total transaction of $190,498.88. Following the completion of the transaction, the chief operating officer now directly owns 278,634 shares of the company’s stock, valued at approximately $13,329,850.56. The trade was a 1.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 33,222 shares of company stock worth $1,624,947. Insiders own 4.37% of the company’s stock.

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.