Hantz Financial Services Inc. Decreases Stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Hantz Financial Services Inc. reduced its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,258 shares of the real estate investment trust’s stock after selling 1,165 shares during the quarter. Hantz Financial Services Inc.’s holdings in Gaming and Leisure Properties were worth $1,842,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of GLPI. Assetmark Inc. increased its position in shares of Gaming and Leisure Properties by 2,547.6% during the 3rd quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 535 shares during the last quarter. Farther Finance Advisors LLC raised its position in Gaming and Leisure Properties by 142.2% in the third quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 384 shares during the period. CKW Financial Group boosted its stake in Gaming and Leisure Properties by 75.0% in the fourth quarter. CKW Financial Group now owns 700 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 300 shares during the last quarter. Abich Financial Wealth Management LLC increased its stake in shares of Gaming and Leisure Properties by 3,191.3% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 757 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 734 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Gaming and Leisure Properties in the 3rd quarter worth approximately $39,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Matthew Demchyk sold 17,617 shares of the stock in a transaction dated Monday, January 27th. The stock was 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. This represents a 24.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $50.39, for a total value of $151,170.00. Following the completion of the transaction, the director now directly owns 146,800 shares in the company, valued at $7,397,252. This trade represents a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,222 shares of company stock valued at $1,776,117. 4.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on GLPI shares. StockNews.com downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Deutsche Bank Aktiengesellschaft upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and upped their price target for the company from $49.00 to $54.00 in a research note on Wednesday, November 20th. Morgan Stanley lowered shares of Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price objective for the company. in a research note on Wednesday, January 15th. Scotiabank dropped their target price on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. Finally, Barclays initiated coverage on Gaming and Leisure Properties in a research note on Tuesday, December 17th. They issued an “equal weight” rating and a $54.53 target price for the company. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Gaming and Leisure Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.93.

Gaming and Leisure Properties Trading Up 0.8 %

Shares of GLPI stock opened at $48.43 on Friday. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. The firm has a market cap of $13.29 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99. The business has a 50-day moving average price of $48.76 and a two-hundred day moving average price of $49.79. Gaming and Leisure Properties, Inc. has a 12-month low of $41.80 and a 12-month high of $52.60.

Gaming and Leisure Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 6.28%. The ex-dividend date was Friday, December 6th. Gaming and Leisure Properties’s dividend payout ratio is currently 106.29%.

Gaming and Leisure Properties Company 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.