Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Bought by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. lifted its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Get Rating) by 48.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,357 shares of the real estate investment trust’s stock after acquiring an additional 2,727 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Gaming and Leisure Properties were worth $370,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in GLPI. Geneos Wealth Management Inc. lifted its holdings in shares of Gaming and Leisure Properties by 4.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 5,150 shares of the real estate investment trust’s stock worth $241,000 after purchasing an additional 200 shares during the last quarter. Comerica Bank lifted its holdings in shares of Gaming and Leisure Properties by 3.3% in the 3rd quarter. Comerica Bank now owns 8,143 shares of the real estate investment trust’s stock worth $374,000 after purchasing an additional 260 shares during the last quarter. First Republic Investment Management Inc. lifted its holdings in shares of Gaming and Leisure Properties by 1.8% in the 1st quarter. First Republic Investment Management Inc. now owns 18,616 shares of the real estate investment trust’s stock worth $874,000 after purchasing an additional 334 shares during the last quarter. CWM LLC lifted its holdings in shares of Gaming and Leisure Properties by 50.9% in the 3rd quarter. CWM LLC now owns 1,005 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 339 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Gaming and Leisure Properties by 118.0% in the 2nd quarter. Quadrant Capital Group LLC now owns 665 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 360 shares during the last quarter. Institutional investors and hedge funds own 90.69% of the company’s stock.

Insider Transactions at Gaming and Leisure Properties

In related news, COO Brandon John Moore sold 3,000 shares of Gaming and Leisure Properties stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $52.00, for a total value of $156,000.00. Following the transaction, the chief operating officer now directly owns 182,993 shares in the company, valued at approximately $9,515,636. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Matthew Demchyk sold 1,961 shares of Gaming and Leisure Properties stock in a transaction on Wednesday, January 11th. The stock was sold at an average price of $52.27, for a total value of $102,501.47. Following the transaction, the senior vice president now directly owns 34,316 shares in the company, valued at approximately $1,793,697.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Brandon John Moore sold 3,000 shares of Gaming and Leisure Properties stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $52.00, for a total value of $156,000.00. Following the completion of the transaction, the chief operating officer now owns 182,993 shares in the company, valued at $9,515,636. The disclosure for this sale can be found here. Company insiders own 4.60% of the company’s stock.

Gaming and Leisure Properties Stock Up 0.7 %

GLPI opened at $52.16 on Wednesday. Gaming and Leisure Properties, Inc. has a one-year low of $41.97 and a one-year high of $53.91. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.60 and a current ratio of 0.60. The stock’s fifty day moving average is $51.84 and its 200-day moving average is $50.03. The company has a market capitalization of $13.33 billion, a PE ratio of 21.38, a P/E/G ratio of 10.09 and a beta of 1.00.

Gaming and Leisure Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Stockholders of record on Friday, December 9th were paid a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date of this dividend was Thursday, December 8th. Gaming and Leisure Properties’s dividend payout ratio is presently 115.57%.

Analyst Upgrades and Downgrades

GLPI has been the topic of several recent research reports. KeyCorp raised their price target on Gaming and Leisure Properties from $52.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, November 30th. JMP Securities lifted their target price on Gaming and Leisure Properties from $53.00 to $57.00 and gave the company a “market outperform” rating in a research note on Wednesday, December 21st. Morgan Stanley lifted their target price on Gaming and Leisure Properties from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, December 16th. StockNews.com downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, November 8th. Finally, Mizuho lifted their target price on Gaming and Leisure Properties from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, December 8th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.60.

About Gaming and Leisure Properties

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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.

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Institutional Ownership by Quarter for Gaming and Leisure Properties (NASDAQ:GLPI)

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