GSA Capital Partners LLP Has $1.31 Million Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

GSA Capital Partners LLP trimmed its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 51.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,522 shares of the real estate investment trust’s stock after selling 27,127 shares during the period. GSA Capital Partners LLP’s holdings in Gaming and Leisure Properties were worth $1,313,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Assetmark Inc. boosted its stake in Gaming and Leisure Properties by 2,547.6% during the third quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 535 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Gaming and Leisure Properties during the second quarter valued at about $31,000. EdgeRock Capital LLC bought a new position in shares of Gaming and Leisure Properties during the 2nd quarter worth about $33,000. Versant Capital Management Inc grew its stake in shares of Gaming and Leisure Properties by 18,500.0% in the 2nd quarter. Versant Capital Management Inc now owns 744 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 740 shares during the period. Finally, Farther Finance Advisors LLC increased its position in Gaming and Leisure Properties by 142.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 384 shares in the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Trading Down 0.1 %

NASDAQ GLPI opened at $49.09 on Thursday. The stock has a market capitalization of $13.47 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 2.12 and a beta of 0.99. The business’s fifty day moving average is $50.84 and its 200-day moving average is $48.11. 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 (NASDAQ:GLPI) last released 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). Gaming and Leisure Properties had a net margin of 51.93% and a return on equity of 17.31%. The company had revenue of $385.34 million during the quarter, compared to analysts’ expectations of $385.09 million. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. Equities research analysts predict that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.76 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.04 annualized dividend and a dividend yield of 6.19%. Gaming and Leisure Properties’s payout ratio is presently 106.29%.

Wall Street Analyst Weigh In

GLPI has been the topic of a number of research reports. Stifel Nicolaus upped their target price on Gaming and Leisure Properties from $52.00 to $52.50 and gave the stock a “buy” rating in a research report on Friday, July 26th. JMP Securities restated a “market outperform” rating and set a $55.00 price objective on shares of Gaming and Leisure Properties in a report on Tuesday, October 29th. Raymond James lifted their price objective on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a report on Wednesday, August 21st. StockNews.com lowered shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Gaming and Leisure Properties currently has a consensus rating of “Moderate Buy” and an average target price of $52.18.

Insider Activity

In related news, COO Brandon John Moore sold 30,900 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $50.05, for a total value of $1,546,545.00. Following the sale, the chief operating officer now directly owns 208,977 shares in the company, valued at approximately $10,459,298.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $50.39, for a total transaction of $151,170.00. Following the sale, the director now owns 146,800 shares in the company, valued at $7,397,252. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Brandon John Moore sold 30,900 shares of Gaming and Leisure Properties stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $50.05, for a total value of $1,546,545.00. Following the completion of the transaction, the chief operating officer now owns 208,977 shares of the company’s stock, valued at approximately $10,459,298.85. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 53,758 shares of company stock valued at $2,717,922 in the last 90 days. Insiders own 4.37% of the company’s stock.

About Gaming and Leisure Properties

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.