Vanderbilt University Sells 4,661 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Vanderbilt University cut its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 15.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,654 shares of the real estate investment trust’s stock after selling 4,661 shares during the period. Vanderbilt University’s holdings in Gaming and Leisure Properties were worth $1,235,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Assetmark Inc. boosted its position in 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 acquiring an additional 535 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of 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 worth $34,000 after acquiring an additional 384 shares in the last quarter. CKW Financial Group lifted its stake in shares of Gaming and Leisure Properties by 75.0% during the 4th quarter. CKW Financial Group now owns 700 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 300 shares during the last quarter. Abich Financial Wealth Management LLC boosted its position in Gaming and Leisure Properties by 3,191.3% during the third quarter. Abich Financial Wealth Management LLC now owns 757 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 734 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in Gaming and Leisure Properties in the third quarter valued at about $39,000. 91.14% of the stock is owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Trading Up 1.1 %

Shares of NASDAQ:GLPI opened at $49.08 on Thursday. The business has a 50-day moving average price of $48.54 and a 200-day moving average price of $49.79. The stock has a market cap of $13.47 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 1.97 and a beta of 0.99. Gaming and Leisure Properties, Inc. has a 52-week low of $41.80 and a 52-week high of $52.60. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62.

Gaming and Leisure Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 6.19%. The ex-dividend date of this dividend was Friday, December 6th. Gaming and Leisure Properties’s payout ratio is 106.29%.

Wall Street Analyst Weigh In

GLPI has been the subject of several analyst reports. Morgan Stanley lowered shares of Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price target for the company. in a research report on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and increased their target price for the company from $49.00 to $54.00 in a research report on Wednesday, November 20th. Stifel Nicolaus lifted their price target on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a report on Tuesday, November 26th. JMP Securities reiterated a “market outperform” rating and set a $55.00 price objective on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $49.00 to $54.00 in a research note on Friday, December 13th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $53.93.

Insider Buying and Selling at Gaming and Leisure Properties

In related news, COO Brandon John Moore sold 3,982 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total transaction of $190,498.88. Following the sale, the chief operating officer now directly owns 278,634 shares of the company’s stock, valued at $13,329,850.56. This trade represents a 1.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Matthew Demchyk sold 1,149 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $47.80, for a total value of $54,922.20. Following the completion of the transaction, the senior vice president now directly owns 91,620 shares of the company’s stock, valued at $4,379,436. The trade was a 1.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,222 shares of company stock worth $1,624,947. Company insiders own 4.37% of the company’s stock.

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.