SG Americas Securities LLC Has $1.91 Million Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

SG Americas Securities LLC grew its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Get Rating) by 25.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 43,223 shares of the real estate investment trust’s stock after buying an additional 8,636 shares during the quarter. SG Americas Securities LLC’s holdings in Gaming and Leisure Properties were worth $1,912,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on GLPI shares. StockNews.com lowered Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th. Mizuho lifted their price objective on Gaming and Leisure Properties from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, December 8th. Raymond James cut Gaming and Leisure Properties from a “strong-buy” rating to an “outperform” rating and reduced their target price for the stock from $57.00 to $55.00 in a report on Monday, January 9th. Royal Bank of Canada started coverage on Gaming and Leisure Properties in a report on Monday, September 19th. They set an “outperform” rating and a $54.00 target price on the stock. Finally, JMP Securities raised their target price on Gaming and Leisure Properties from $53.00 to $57.00 and gave the stock a “market outperform” rating in a report on Wednesday, December 21st. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Gaming and Leisure Properties presently has an average rating of “Moderate Buy” and an average target price of $56.36.

Gaming and Leisure Properties Trading Down 1.4 %

NASDAQ:GLPI opened at $53.08 on Friday. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.81 and a fifty-two week high of $53.91. 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 stock has a market capitalization of $13.56 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 10.41 and a beta of 1.00. The business’s 50-day simple moving average is $51.54 and its 200-day simple moving average is $49.73.

Gaming and Leisure Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Stockholders 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 5.31%. The ex-dividend date was Thursday, December 8th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 115.57%.

Insider Activity

In other news, SVP Matthew Demchyk sold 1,961 shares of Gaming and Leisure Properties stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of $52.27, for a total transaction of $102,501.47. Following the transaction, the senior vice president now owns 34,316 shares in the company, valued at approximately $1,793,697.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Gaming and Leisure Properties news, COO Brandon John Moore sold 3,000 shares of the business’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 value of $156,000.00. Following the sale, the chief operating officer now owns 182,993 shares in the company, valued at approximately $9,515,636. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Matthew Demchyk sold 1,961 shares of the business’s stock in a transaction that occurred on Wednesday, January 11th. The shares were sold at an average price of $52.27, for a total value of $102,501.47. Following the completion of the sale, the senior vice president now owns 34,316 shares in the company, valued at approximately $1,793,697.32. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by company insiders.

Gaming and Leisure Properties Profile

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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 SG Americas Securities LLC Has $1.91 Million Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

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