DekaBank Deutsche Girozentrale lower its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Get Score) by 12.4% within the third quarter, in accordance with the corporate in its most up-to-date Kind 13F submitting with the SEC. The institutional investor owned 65,911 shares of the true property funding belief’s inventory after promoting 9,354 shares through the quarter. DekaBank Deutsche Girozentrale’s holdings in Gaming and Leisure Properties had been price $2,852,000 on the finish of the latest reporting interval.
→ Is This The Finish of Capitalism? (From Porter & Firm)
Quite a few different hedge funds and different institutional buyers additionally lately made modifications to their positions in GLPI. JFS Wealth Advisors LLC purchased a brand new place in Gaming and Leisure Properties within the second quarter valued at about $30,000. Quadrant Capital Group LLC boosted its holdings in Gaming and Leisure Properties by 118.0% within the second quarter. Quadrant Capital Group LLC now owns 665 shares of the true property funding belief’s inventory valued at $30,000 after buying a further 360 shares over the last quarter. Zions Bancorporation N.A. purchased a brand new place in Gaming and Leisure Properties within the first quarter valued at about $43,000. Future Wealth Companions LLC purchased a brand new place in Gaming and Leisure Properties within the third quarter valued at about $44,000. Lastly, CWM LLC boosted its holdings in Gaming and Leisure Properties by 50.9% through the third quarter. CWM LLC now owns 1,005 shares of the true property funding belief’s inventory price $44,000 after shopping for a further 339 shares over the last quarter. 90.69% of the inventory is at the moment owned by institutional buyers and hedge funds.
Analyst Rankings Modifications
Quite a few equities analysts have issued reviews on GLPI shares. Mizuho raised their goal value on Gaming and Leisure Properties from $50.00 to $55.00 and gave the inventory a “purchase” ranking in a report on Thursday, December eighth. JMP Securities raised their goal value on Gaming and Leisure Properties from $53.00 to $57.00 and gave the inventory a “market outperform” ranking in a report on Wednesday, December twenty first. KeyCorp raised their goal value on Gaming and Leisure Properties from $52.00 to $54.00 and gave the inventory an “obese” ranking in a report on Wednesday, November thirtieth. Raymond James lower Gaming and Leisure Properties from a “strong-buy” ranking to an “outperform” ranking and decreased their goal value for the inventory from $57.00 to $55.00 in a report on Monday, January ninth. Lastly, StockNews.com lower Gaming and Leisure Properties from a “purchase” ranking to a “maintain” ranking in a report on Tuesday, November eighth. One equities analysis analyst has rated the inventory with a maintain ranking and 7 have given a purchase ranking to the inventory. Based mostly on information from MarketBeat.com, the inventory presently has a mean ranking of “Reasonable Purchase” and a mean goal value of $56.60.
Insider Exercise at Gaming and Leisure Properties
In associated information, COO Brandon John Moore bought 3,000 shares of Gaming and Leisure Properties inventory in a transaction that occurred on Wednesday, November thirtieth. The inventory was bought at a mean value of $52.00, for a complete worth of $156,000.00. Following the sale, the chief working officer now owns 182,993 shares of the corporate’s inventory, valued at roughly $9,515,636. The sale was disclosed in a authorized submitting with the SEC, which could be accessed by means of this hyperlink. In associated information, COO Brandon John Moore bought 3,000 shares of Gaming and Leisure Properties inventory in a transaction that occurred on Wednesday, November thirtieth. The inventory was bought at a mean value of $52.00, for a complete worth of $156,000.00. Following the sale, the chief working officer now owns 182,993 shares of the corporate’s inventory, valued at roughly $9,515,636. The sale was disclosed in a authorized submitting with the SEC, which could be accessed by means of this hyperlink. Additionally, SVP Matthew Demchyk bought 1,961 shares of Gaming and Leisure Properties inventory in a transaction that occurred on Wednesday, January eleventh. The shares had been bought at a mean value of $52.27, for a complete worth of $102,501.47. Following the completion of the sale, the senior vice chairman now instantly owns 34,316 shares within the firm, valued at roughly $1,793,697.32. The disclosure for this sale could be discovered right here. 4.60% of the inventory is owned by insiders.
Gaming and Leisure Properties Buying and selling Down 0.8 %
NASDAQ GLPI opened at $51.78 on Tuesday. The agency has a market cap of $13.23 billion, a P/E ratio of 21.22, a P/E/G ratio of 10.09 and a beta of 1.00. The corporate has a debt-to-equity ratio of 1.57, a present ratio of 0.60 and a fast ratio of 0.60. The inventory’s 50-day transferring common is $51.78 and its 200-day transferring common is $50.00. Gaming and Leisure Properties, Inc. has a one 12 months low of $41.81 and a one 12 months excessive of $53.91.
Gaming and Leisure Properties Pronounces Dividend
The corporate additionally lately introduced a quarterly dividend, which was paid on Friday, December twenty third. Traders of document on Friday, December ninth got a $0.705 dividend. This represents a $2.82 dividend on an annualized foundation and a yield of 5.45%. The ex-dividend date of this dividend was Thursday, December eighth. Gaming and Leisure Properties’s dividend payout ratio is presently 115.57%.
About Gaming and Leisure Properties
(Get Score)
GLPI is engaged within the enterprise of buying, financing, and proudly owning actual property property to be leased to gaming operators in triple-net lease preparations, pursuant to which the tenant is liable for all facility upkeep, insurance coverage required in reference to the leased properties and the enterprise carried out on the leased properties, taxes levied on or with respect to the leased properties and all utilities and different providers vital or acceptable for the leased properties and the enterprise carried out on the leased properties.
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