Atria Wealth Solutions Inc. Has $388,000 Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Atria Wealth Solutions Inc. lessened its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,056 shares of the real estate investment trust’s stock after selling 402 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Gaming and Leisure Properties were worth $388,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Creative Planning increased its holdings in shares of Gaming and Leisure Properties by 22.0% during the 3rd quarter. Creative Planning now owns 15,737 shares of the real estate investment trust’s stock valued at $810,000 after acquiring an additional 2,841 shares during the last quarter. Private Advisor Group LLC grew its holdings in Gaming and Leisure Properties by 9.2% during the third quarter. Private Advisor Group LLC now owns 13,646 shares of the real estate investment trust’s stock valued at $702,000 after purchasing an additional 1,152 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Gaming and Leisure Properties by 5,015.8% in the third quarter. International Assets Investment Management LLC now owns 53,511 shares of the real estate investment trust’s stock valued at $2,753,000 after purchasing an additional 52,465 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Gaming and Leisure Properties by 31.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,807 shares of the real estate investment trust’s stock worth $599,000 after buying an additional 2,838 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Gaming and Leisure Properties by 8.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,586 shares of the real estate investment trust’s stock worth $596,000 after buying an additional 928 shares during the period. Institutional investors own 91.14% of the company’s stock.

Insider Activity

In other Gaming and Leisure Properties news, COO Brandon John Moore sold 3,982 shares of Gaming and Leisure Properties stock in a transaction on Thursday, January 2nd. The stock was 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. This trade represents a 1.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Matthew Demchyk sold 17,617 shares of the business’s stock in a transaction on 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 sale, the senior vice president now owns 54,140 shares in the company, valued at $2,674,516. This represents a 24.55 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,222 shares of company stock worth $1,873,547. Company insiders own 4.37% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on GLPI. JMP Securities reiterated a “market outperform” rating and issued a $55.00 target price on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $49.00 to $54.00 in a research note on Wednesday, November 20th. Mizuho cut 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 report on Thursday, November 14th. Morgan Stanley lowered 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. Finally, JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $49.00 to $54.00 in a report on Friday, December 13th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and a consensus price target of $54.15.

Gaming and Leisure Properties Stock Up 0.2 %

GLPI opened at $49.92 on Friday. The company has a market capitalization of $13.72 billion, a P/E ratio of 17.39, a P/E/G ratio of 2.01 and a beta of 0.99. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. The firm’s fifty day moving average price is $48.25 and its two-hundred day moving average price is $49.77. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. The company had revenue of $389.62 million during the quarter, compared to the consensus estimate of $391.54 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. On average, analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.04 annualized dividend and a dividend yield of 6.09%. Gaming and Leisure Properties’s dividend payout ratio is currently 105.92%.

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.