Xponance Inc. Has $1.72 Million Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Xponance Inc. raised its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,754 shares of the real estate investment trust’s stock after acquiring an additional 1,729 shares during the quarter. Xponance Inc.’s holdings in Gaming and Leisure Properties were worth $1,715,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GraniteShares Advisors LLC bought a new position in Gaming and Leisure Properties in the fourth quarter valued at approximately $1,473,000. International Assets Investment Management LLC bought a new position in Gaming and Leisure Properties in the fourth quarter valued at approximately $2,501,000. Pacer Advisors Inc. boosted its stake in Gaming and Leisure Properties by 107.4% in the fourth quarter. Pacer Advisors Inc. now owns 45,803 shares of the real estate investment trust’s stock valued at $2,260,000 after acquiring an additional 23,722 shares during the last quarter. Signature Wealth Management Group bought a new position in Gaming and Leisure Properties in the fourth quarter valued at approximately $3,944,000. Finally, Louisiana State Employees Retirement System bought a new position in Gaming and Leisure Properties in the fourth quarter valued at approximately $3,701,000. 91.14% of the stock is owned by institutional investors.

Gaming and Leisure Properties Trading Up 1.3 %

Shares of NASDAQ:GLPI opened at $43.54 on Wednesday. Gaming and Leisure Properties, Inc. has a 12 month low of $41.80 and a 12 month high of $52.31. The company has a quick ratio of 7.41, a current ratio of 7.41 and a debt-to-equity ratio of 1.48. The company’s fifty day simple moving average is $44.95 and its 200 day simple moving average is $45.94. The firm has a market cap of $11.82 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 5.34 and a beta of 0.94.

Gaming and Leisure Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.98%. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Thursday, March 14th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 109.75%.

Insider Buying and Selling

In related news, Director E Scott Urdang acquired 2,500 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were acquired at an average cost of $45.00 per share, for a total transaction of $112,500.00. Following the completion of the acquisition, the director now directly owns 156,685 shares in the company, valued at approximately $7,050,825. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Royal Bank of Canada reduced their price objective on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. Morgan Stanley reduced their price target on shares of Gaming and Leisure Properties from $55.00 to $53.00 and set an “overweight” rating on the stock in a research report on Thursday, March 21st. JMP Securities reissued a “market outperform” rating and set a $53.00 price target on shares of Gaming and Leisure Properties in a research report on Monday, March 4th. StockNews.com raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th. Finally, Mizuho reduced their price target on shares of Gaming and Leisure Properties from $50.00 to $47.00 and set a “neutral” rating on the stock in a research report on Thursday, March 7th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Gaming and Leisure Properties currently has an average rating of “Moderate Buy” and a consensus target price of $52.09.

Gaming and Leisure Properties Company Profile

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.