Gilbert & Cook Inc. Takes $208,000 Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Gilbert & Cook Inc. bought a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Get Rating) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,153 shares of the real estate investment trust’s stock, valued at approximately $208,000.

→ Defy New Year Volatility with Artificial Intelligence (From Vantage Point)GamerCityNews ?uid=1483&sub5=d13148 Gilbert & Cook Inc. Takes $208,000 Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Several other institutional investors and hedge funds also recently made changes to their positions in the company. JFS Wealth Advisors LLC purchased a new stake in Gaming and Leisure Properties during the second quarter worth about $30,000. Quadrant Capital Group LLC increased its holdings in Gaming and Leisure Properties by 118.0% during the second quarter. Quadrant Capital Group LLC now owns 665 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 360 shares during the last quarter. Zions Bancorporation N.A. purchased a new stake in Gaming and Leisure Properties during the first quarter worth about $43,000. Destiny Wealth Partners LLC purchased a new stake in Gaming and Leisure Properties during the third quarter worth about $44,000. Finally, CWM LLC increased its holdings in Gaming and Leisure Properties by 50.9% during the third quarter. CWM LLC now owns 1,005 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 339 shares during the last quarter. Hedge funds and other institutional investors own 90.69% of the company’s stock.

Gaming and Leisure Properties Trading Up 0.1 %

Shares of Gaming and Leisure Properties stock opened at $51.87 on Friday. Gaming and Leisure Properties, Inc. has a 1 year low of $41.81 and a 1 year high of $53.91. The firm has a market cap of $13.25 billion, a PE ratio of 21.26, a PEG ratio of 10.26 and a beta of 1.00. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.60 and a quick ratio of 0.60. The company has a 50 day simple moving average of $51.71 and a two-hundred day simple moving average of $49.88.

Gaming and Leisure Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 23rd. Investors of record on Friday, December 9th were issued a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a dividend yield of 5.44%. The ex-dividend date of this dividend was Thursday, December 8th. Gaming and Leisure Properties’s dividend payout ratio is currently 115.57%.

Insider Buying and Selling

In other Gaming and Leisure Properties news, COO Brandon John Moore sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 30th. The shares were sold at an average price of $52.00, for a total transaction of $156,000.00. Following the completion of the sale, the chief operating officer now directly owns 182,993 shares in the company, valued at $9,515,636. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, COO Brandon John Moore sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $52.00, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Matthew Demchyk sold 1,961 shares of the firm’s stock in a transaction that occurred 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 owns 34,316 shares in the company, valued at $1,793,697.32. The disclosure for this sale can be found here. 4.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

GLPI has been the subject of a number of research analyst reports. KeyCorp raised their price objective on shares of Gaming and Leisure Properties from $52.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, November 30th. StockNews.com downgraded shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, November 8th. Truist Financial upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and lifted their target price for the stock from $54.00 to $60.00 in a research note on Wednesday, January 11th. Morgan Stanley lifted their target price on shares of Gaming and Leisure Properties from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, December 16th. Finally, JMP Securities lifted their target price on shares of Gaming and Leisure Properties from $53.00 to $57.00 and gave the stock a “market outperform” rating in a research note on Wednesday, December 21st. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Gaming and Leisure Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.36.

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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GamerCityNews SECFilingChart Gilbert & Cook Inc. Takes $208,000 Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

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GamerCityNews 20220914050219_report_preview_13-stocks-institutional-investors-cover@1x Gilbert & Cook Inc. Takes $208,000 Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

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