Fiduciary Family Office LLC Sells 926 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Fiduciary Family Office LLC cut its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 3.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,959 shares of the real estate investment trust’s stock after selling 926 shares during the quarter. Fiduciary Family Office LLC’s holdings in Gaming and Leisure Properties were worth $1,490,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Norden Group LLC bought a new stake in Gaming and Leisure Properties during the first quarter worth $278,000. First Trust Direct Indexing L.P. boosted its holdings in Gaming and Leisure Properties by 7.1% in the first quarter. First Trust Direct Indexing L.P. now owns 9,154 shares of the real estate investment trust’s stock valued at $422,000 after acquiring an additional 608 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in Gaming and Leisure Properties by 9.3% in the first quarter. Commonwealth Equity Services LLC now owns 24,594 shares of the real estate investment trust’s stock valued at $1,133,000 after buying an additional 2,095 shares during the period. Private Advisor Group LLC boosted its position in shares of Gaming and Leisure Properties by 2.7% during the 1st quarter. Private Advisor Group LLC now owns 11,440 shares of the real estate investment trust’s stock valued at $527,000 after purchasing an additional 299 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Gaming and Leisure Properties during the 1st quarter worth approximately $775,000. 91.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GLPI. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a “hold” rating in a report on Monday, July 29th. JMP Securities reaffirmed a “market outperform” rating and issued a $55.00 price target on shares of Gaming and Leisure Properties in a report on Tuesday, October 29th. Scotiabank increased their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 16th. UBS Group increased their target price on shares of Gaming and Leisure Properties from $56.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Finally, Raymond James increased their target price on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $52.18.

Insider Buying and Selling

In related news, Director E Scott Urdang sold 5,605 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $48.89, for a total value of $274,028.45. Following the completion of the transaction, the director now owns 156,685 shares of the company’s stock, valued at approximately $7,660,329.65. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CFO Desiree A. Burke sold 12,973 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $52.02, for a total value of $674,855.46. Following the sale, the chief financial officer now directly owns 108,073 shares of the company’s stock, valued at $5,621,957.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director E Scott Urdang sold 5,605 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $48.89, for a total transaction of $274,028.45. Following the transaction, the director now directly owns 156,685 shares in the company, valued at approximately $7,660,329.65. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 59,363 shares of company stock valued at $2,991,951. Company insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Stock Down 0.8 %

NASDAQ GLPI traded down $0.42 during mid-day trading on Tuesday, reaching $50.17. The stock had a trading volume of 88,578 shares, compared to its average volume of 1,312,919. The stock has a market cap of $13.77 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 2.14 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 company has a fifty day moving average price of $51.13 and a 200 day moving average price of $47.83. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.67 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.25). The company had revenue of $385.34 million during the quarter, compared to analysts’ expectations of $385.09 million. Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the company earned $0.92 earnings per share. On average, research analysts expect that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 6.06%. The ex-dividend date of this dividend was Friday, September 13th. Gaming and Leisure Properties’s dividend payout ratio is currently 106.29%.

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.