Nisa Investment Advisors LLC Has $5 Million Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Nisa Investment Advisors LLC lessened its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,712 shares of the real estate investment trust’s stock after selling 3,174 shares during the period. Nisa Investment Advisors LLC’s holdings in Gaming and Leisure Properties were worth $4,995,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. 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 worth $29,000 after acquiring an additional 535 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Gaming and Leisure Properties by 142.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 384 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Gaming and Leisure Properties by 578.4% during 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 last quarter. Abich Financial Wealth Management LLC lifted its stake in shares of Gaming and Leisure Properties by 3,191.3% in 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 buying an additional 734 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in Gaming and Leisure Properties during the third quarter worth about $39,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Insider Activity at Gaming and Leisure Properties

In other news, COO Brandon John Moore sold 3,982 shares of Gaming and Leisure Properties stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total value of $190,498.88. Following the completion of the sale, the chief operating officer now directly owns 278,634 shares of the company’s stock, valued at approximately $13,329,850.56. This trade represents a 1.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Matthew Demchyk sold 10,474 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $48.62, for a total value of $509,245.88. Following the sale, the senior vice president now owns 71,757 shares of the company’s stock, valued at approximately $3,488,825.34. The trade was a 12.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,490 shares of company stock valued at $1,251,189 over the last quarter. Corporate insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Price Performance

Gaming and Leisure Properties stock opened at $48.11 on Friday. The business’s fifty day moving average is $48.87 and its two-hundred day moving average is $49.72. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. The firm has a market cap of $13.20 billion, a P/E ratio of 16.82, a P/E/G ratio of 1.96 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.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.25). Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. The company had revenue of $385.34 million for the quarter, compared to analyst estimates of $385.09 million. During the same quarter last year, the company earned $0.92 EPS. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. Equities research analysts forecast 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 business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.32%. The ex-dividend date was Friday, December 6th. Gaming and Leisure Properties’s dividend payout ratio is currently 106.29%.

Analyst Ratings Changes

Several equities analysts have commented on the company. StockNews.com cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Monday, October 28th. JMP Securities restated a “market outperform” rating and issued a $55.00 target price on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. 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 on the stock. in a report on Wednesday, January 15th. Stifel Nicolaus raised their price objective 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. Finally, Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and upped their target price for the company from $49.00 to $54.00 in a research note on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $53.93.

Gaming and Leisure Properties Company 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.