Stephens Inc. AR Has $232,000 Stock Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Stephens Inc. AR lessened its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 8.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,814 shares of the real estate investment trust’s stock after selling 447 shares during the period. Stephens Inc. AR’s holdings in Gaming and Leisure Properties were worth $232,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Segall Bryant & Hamill LLC bought a new stake in shares of Gaming and Leisure Properties in the 3rd quarter worth $693,000. Sanctuary Advisors LLC grew its holdings in shares of Gaming and Leisure Properties by 76.1% in the third quarter. Sanctuary Advisors LLC now owns 32,316 shares of the real estate investment trust’s stock valued at $1,646,000 after acquiring an additional 13,965 shares in the last quarter. Zacks Investment Management boosted its position in Gaming and Leisure Properties by 10.9% in the third quarter. Zacks Investment Management now owns 522,197 shares of the real estate investment trust’s stock worth $26,867,000 after purchasing an additional 51,398 shares during the last quarter. Cerity Partners LLC grew its stake in Gaming and Leisure Properties by 87.5% in the 3rd quarter. Cerity Partners LLC now owns 14,410 shares of the real estate investment trust’s stock valued at $741,000 after purchasing an additional 6,724 shares during the period. Finally, Merit Financial Group LLC purchased a new stake in shares of Gaming and Leisure Properties during the 4th quarter valued at $526,000. Institutional investors own 91.14% of the company’s stock.

Insider Buying and Selling

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 17,617 shares of Gaming and Leisure Properties stock in a transaction that occurred 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 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Brandon John Moore sold 3,982 shares of the business’s stock in a transaction that occurred 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 represents a 1.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,222 shares of company stock worth $1,624,947 over the last ninety days. 4.37% of the stock is owned by corporate insiders.

Gaming and Leisure Properties Stock Down 1.4 %

Shares of NASDAQ:GLPI opened at $48.61 on Monday. The firm has a fifty day moving average price of $48.22 and a two-hundred day moving average price of $49.77. The company has a market cap of $13.34 billion, a price-to-earnings ratio of 17.00, a PEG 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. Gaming and Leisure Properties, Inc. has a one year low of $41.80 and a one year high of $52.60.

Gaming and Leisure Properties Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 6.25%. The ex-dividend date of this dividend was Friday, December 6th. Gaming and Leisure Properties’s payout ratio is 106.29%.

Analyst Upgrades and Downgrades

GLPI has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Monday, October 28th. JMP Securities restated a “market outperform” rating and set a $55.00 price target on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Stifel Nicolaus increased their price target on Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Mizuho lowered their price objective on Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and lifted their target price for the stock from $49.00 to $54.00 in a research note on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.93.

Gaming and Leisure Properties Profile

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.