Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Stock Holdings Trimmed by Toroso Investments LLC

Toroso Investments LLC cut its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 5.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,630 shares of the real estate investment trust’s stock after selling 996 shares during the period. Toroso Investments LLC’s holdings in Gaming and Leisure Properties were worth $970,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Atlas Capital Advisors LLC grew its position in Gaming and Leisure Properties by 203.0% during the first quarter. Atlas Capital Advisors LLC now owns 512 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 343 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in Gaming and Leisure Properties in the 1st quarter worth $39,000. HBC Financial Services PLLC acquired a new position in Gaming and Leisure Properties in the 1st quarter valued at approximately $41,000. Zions Bancorporation N.A. bought a new stake in Gaming and Leisure Properties in the 1st quarter valued at $43,000. Finally, Quadrant Capital Group LLC grew its position in Gaming and Leisure Properties by 118.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,056 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 573 shares during the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GLPI. Mizuho cut their price objective on Gaming and Leisure Properties from $53.00 to $50.00 in a report on Thursday, August 10th. StockNews.com began coverage on Gaming and Leisure Properties in a report on Thursday, August 17th. They issued a “hold” rating on the stock. JMP Securities reiterated a “market outperform” rating and issued a $57.00 price objective on shares of Gaming and Leisure Properties in a report on Thursday, August 31st. UBS Group boosted their price objective on Gaming and Leisure Properties from $55.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, August 29th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $54.00 price objective on shares of Gaming and Leisure Properties in a research note on Wednesday, August 30th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Gaming and Leisure Properties has an average rating of “Moderate Buy” and a consensus target price of $55.80.

Gaming and Leisure Properties Stock Down 1.1 %

Shares of NASDAQ:GLPI opened at $47.73 on Tuesday. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.11 and a quick ratio of 0.11. The company has a market cap of $12.54 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 4.31 and a beta of 0.98. The firm has a fifty day moving average price of $47.79 and a two-hundred day moving average price of $49.23. Gaming and Leisure Properties, Inc. has a one year low of $43.46 and a one year high of $55.13.

Gaming and Leisure Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.73 per share. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.72. This represents a $2.92 dividend on an annualized basis and a yield of 6.12%. The ex-dividend date is Thursday, September 14th. Gaming and Leisure Properties’s dividend payout ratio is currently 101.04%.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director Barry F. Schwartz purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average price of $47.74 per share, with a total value of $47,740.00. Following the completion of the purchase, the director now directly owns 53,823 shares of the company’s stock, valued at approximately $2,569,510.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Barry F. Schwartz bought 1,000 shares of the stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $47.74 per share, for a total transaction of $47,740.00. Following the purchase, the director now directly owns 53,823 shares in the company, valued at approximately $2,569,510.02. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barry F. Schwartz purchased 1,500 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average cost of $45.83 per share, with a total value of $68,745.00. Following the completion of the transaction, the director now owns 55,323 shares in the company, valued at $2,535,453.09. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 3,500 shares of company stock worth $163,835. 4.40% of the stock is currently owned by company insiders.

About Gaming and Leisure Properties

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.