Stifel Financial Corp Has $8.35 Million Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Stifel Financial Corp trimmed its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 0.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,314 shares of the real estate investment trust’s stock after selling 573 shares during the quarter. Stifel Financial Corp owned 0.06% of Gaming and Leisure Properties worth $8,351,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in GLPI. Assetmark Inc. grew its stake in shares of Gaming and Leisure Properties by 2,547.6% in the third 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. Ashton Thomas Private Wealth LLC bought a new stake in Gaming and Leisure Properties in the 2nd quarter valued at about $31,000. EdgeRock Capital LLC acquired a new position in shares of Gaming and Leisure Properties during the 2nd quarter worth approximately $33,000. Farther Finance Advisors LLC boosted its stake in shares of Gaming and Leisure Properties by 142.2% in the third quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 384 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Gaming and Leisure Properties by 578.4% in the second quarter. EverSource Wealth Advisors LLC now owns 692 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 590 shares during the period. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Price Performance

Shares of GLPI opened at $49.60 on Friday. The business has a 50-day simple moving average of $50.50 and a two-hundred day simple moving average of $48.96. Gaming and Leisure Properties, Inc. has a 12-month low of $41.80 and a 12-month high of $52.60. The stock has a market cap of $13.61 billion, a PE ratio of 17.34, a PEG ratio of 2.14 and a beta of 0.98. 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 (NASDAQ:GLPI) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.25). Gaming and Leisure Properties had a net margin of 51.93% and a return on equity of 17.31%. The business had revenue of $385.34 million during the quarter, compared to the consensus estimate of $385.09 million. During the same quarter last year, the business earned $0.92 EPS. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. Analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.04 annualized dividend and a dividend yield of 6.13%. Gaming and Leisure Properties’s dividend payout ratio is 106.29%.

Insider Activity at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 6,885 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $50.16, for a total value of $345,351.60. Following the sale, the director now directly owns 149,800 shares in the company, valued at $7,513,968. This represents a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.37% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GLPI. Raymond James upped their target price on Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a research report on Wednesday, August 21st. Wells Fargo & Company reiterated an “equal weight” rating and set a $52.00 price objective (up from $51.00) on shares of Gaming and Leisure Properties in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and boosted their target price for the company from $49.00 to $54.00 in a research report on Wednesday, November 20th. Wolfe Research upgraded shares of Gaming and Leisure Properties from a “peer perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a research report on Friday, August 23rd. Finally, StockNews.com downgraded shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.50.

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.