Greenwood Capital Associates LLC Sells 474 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Greenwood Capital Associates LLC lowered its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 2.2% in the fourth quarter, HoldingsChannel reports. The fund owned 21,076 shares of the real estate investment trust’s stock after selling 474 shares during the period. Greenwood Capital Associates LLC’s holdings in Gaming and Leisure Properties were worth $1,040,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in GLPI. Raleigh Capital Management Inc. grew its holdings in Gaming and Leisure Properties by 3.0% during the 3rd quarter. Raleigh Capital Management Inc. now owns 6,872 shares of the real estate investment trust’s stock worth $313,000 after acquiring an additional 203 shares during the period. Securian Asset Management Inc. lifted its stake in Gaming and Leisure Properties by 1.3% in the fourth quarter. Securian Asset Management Inc. now owns 22,534 shares of the real estate investment trust’s stock valued at $1,112,000 after buying an additional 289 shares during the period. Corient Private Wealth LLC boosted its holdings in Gaming and Leisure Properties by 1.9% during the fourth quarter. Corient Private Wealth LLC now owns 17,844 shares of the real estate investment trust’s stock worth $881,000 after buying an additional 327 shares during the last quarter. Foundations Investment Advisors LLC grew its position in shares of Gaming and Leisure Properties by 4.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 7,583 shares of the real estate investment trust’s stock worth $352,000 after buying an additional 354 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its position in shares of Gaming and Leisure Properties by 0.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 82,533 shares of the real estate investment trust’s stock worth $3,794,000 after buying an additional 387 shares during the period. Institutional investors and hedge funds own 91.14% of the company’s stock.

Analyst Ratings Changes

GLPI has been the topic of several recent analyst reports. Scotiabank lifted their price objective on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16th. Wells Fargo & Company reduced their price target on shares of Gaming and Leisure Properties from $49.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 30th. Royal Bank of Canada lowered their price objective on shares of Gaming and Leisure Properties from $49.00 to $47.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Stifel Nicolaus raised their price objective on Gaming and Leisure Properties from $50.75 to $51.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Finally, Morgan Stanley decreased their target price on Gaming and Leisure Properties from $55.00 to $53.00 and set an “overweight” rating for the company in a research note on Thursday, March 21st. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Gaming and Leisure Properties currently has a consensus rating of “Hold” and a consensus price target of $50.33.

Gaming and Leisure Properties Stock Down 0.5 %

Gaming and Leisure Properties stock traded down $0.22 during midday trading on Friday, reaching $43.41. The stock had a trading volume of 923,365 shares, compared to its average volume of 996,607. Gaming and Leisure Properties, Inc. has a 1-year low of $41.80 and a 1-year high of $50.40. The company has a debt-to-equity ratio of 1.49, a quick ratio of 6.47 and a current ratio of 6.47. The firm’s fifty day simple moving average is $44.04 and its 200-day simple moving average is $45.60. The stock has a market capitalization of $11.79 billion, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 5.11 and a beta of 0.96.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.26). Gaming and Leisure Properties had a return on equity of 16.79% and a net margin of 50.05%. The business had revenue of $376.00 million during the quarter, compared to the consensus estimate of $368.44 million. During the same period in the prior year, the firm earned $0.92 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, analysts expect that Gaming and Leisure Properties, Inc. will post 3.65 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 7.00%. Gaming and Leisure Properties’s dividend payout ratio is 112.18%.

Gaming and Leisure Properties Profile

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.