Wincap Financial LLC Lowers Position in Gaming and Leisure Properties, Inc. $GLPI

Wincap Financial LLC cut its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 5.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 14,110 shares of the real estate investment trust’s stock after selling 885 shares during the period. Wincap Financial LLC’s holdings in Gaming and Leisure Properties were worth $659,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nuveen LLC purchased a new position in Gaming and Leisure Properties during the first quarter worth about $151,723,000. Invesco Ltd. lifted its position in shares of Gaming and Leisure Properties by 127.7% during the 1st quarter. Invesco Ltd. now owns 4,512,234 shares of the real estate investment trust’s stock worth $229,673,000 after buying an additional 2,530,463 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Gaming and Leisure Properties by 731.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,212,612 shares of the real estate investment trust’s stock worth $112,622,000 after buying an additional 1,946,575 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Gaming and Leisure Properties in the 2nd quarter worth approximately $39,689,000. Finally, Millennium Management LLC grew its holdings in shares of Gaming and Leisure Properties by 294.6% in the first quarter. Millennium Management LLC now owns 966,925 shares of the real estate investment trust’s stock valued at $49,216,000 after acquiring an additional 721,861 shares in the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total value of $139,620.00. Following the completion of the transaction, the director owned 133,953 shares in the company, valued at $6,234,172.62. This trade represents a 2.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.26% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

GLPI has been the topic of several research analyst reports. Royal Bank Of Canada cut their price objective on Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating on the stock in a research report on Monday, July 28th. Scotiabank raised their price objective on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Wednesday, October 8th. Macquarie reduced their target price on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating for the company in a research report on Monday, July 28th. Finally, Stifel Nicolaus lowered shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating and set a $51.25 price target for the company. in a research note on Monday, July 21st. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Gaming and Leisure Properties has an average rating of “Hold” and a consensus target price of $52.94.

Gaming and Leisure Properties Trading Up 0.4%

Shares of GLPI stock opened at $44.99 on Tuesday. The stock has a market capitalization of $12.73 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 9.75 and a beta of 0.74. The company’s fifty day simple moving average is $46.63 and its two-hundred day simple moving average is $46.89. Gaming and Leisure Properties, Inc. has a 1 year low of $44.21 and a 1 year high of $52.27. The company has a debt-to-equity ratio of 1.41, a current ratio of 7.39 and a quick ratio of 7.39.

Gaming and Leisure Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.12 dividend on an annualized basis and a yield of 6.9%. Gaming and Leisure Properties’s dividend payout ratio is 120.93%.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in the provision of 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.