Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Holdings Decreased by Vivaldi Capital Management LP

Vivaldi Capital Management LP cut its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 117,004 shares of the real estate investment trust's stock after selling 5,788 shares during the quarter. Vivaldi Capital Management LP's holdings in Gaming and Leisure Properties were worth $5,806,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of GLPI. Barclays PLC lifted its holdings in shares of Gaming and Leisure Properties by 129.1% during the third quarter. Barclays PLC now owns 896,831 shares of the real estate investment trust's stock worth $46,142,000 after purchasing an additional 505,382 shares during the period. Merit Financial Group LLC purchased a new position in Gaming and Leisure Properties in the fourth quarter worth $526,000. HB Wealth Management LLC purchased a new position in Gaming and Leisure Properties in the fourth quarter worth $211,000. UMB Bank n.a. raised its position in Gaming and Leisure Properties by 57.4% in the fourth quarter. UMB Bank n.a. now owns 1,368 shares of the real estate investment trust's stock worth $66,000 after acquiring an additional 499 shares in the last quarter. Finally, Pure Financial Advisors LLC raised its position in Gaming and Leisure Properties by 6.3% in the fourth quarter. Pure Financial Advisors LLC now owns 8,455 shares of the real estate investment trust's stock worth $407,000 after acquiring an additional 500 shares in the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GLPI. Barclays increased their price objective on Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 22nd. Mizuho raised their price target on Gaming and Leisure Properties from $51.00 to $53.00 and gave the company a "neutral" rating in a research report on Thursday, April 3rd. Macquarie restated an "outperform" rating and issued a $60.00 price target on shares of Gaming and Leisure Properties in a research report on Friday, April 25th. Scotiabank dropped their price target on Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating for the company in a research report on Monday, May 12th. Finally, Wells Fargo & Company raised their price target on Gaming and Leisure Properties from $50.00 to $51.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Gaming and Leisure Properties currently has an average rating of "Moderate Buy" and an average price target of $54.63.

Gaming and Leisure Properties Price Performance

Gaming and Leisure Properties stock traded up $0.20 during midday trading on Friday, reaching $46.23. 1,183,446 shares of the company were exchanged, compared to its average volume of 1,304,569. The company has a market capitalization of $12.71 billion, a price-to-earnings ratio of 16.11, a P/E/G ratio of 2.01 and a beta of 0.81. The firm's 50-day simple moving average is $48.22 and its 200-day simple moving average is $48.80. Gaming and Leisure Properties, Inc. has a 1 year low of $42.86 and a 1 year high of $52.60. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.96 EPS for the quarter, meeting the consensus estimate of $0.96. The company had revenue of $395.24 million during the quarter, compared to analysts' expectations of $396.27 million. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. The firm's revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 EPS. On average, analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a $0.78 dividend. This is a positive change from Gaming and Leisure Properties's previous quarterly dividend of $0.76. This represents a $3.12 annualized dividend and a dividend yield of 6.75%. The ex-dividend date of this dividend is Friday, June 13th. Gaming and Leisure Properties's payout ratio is currently 111.03%.

Insider Activity

In related news, Director E Scott Urdang sold 5,000 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $50.89, for a total value of $254,450.00. Following the sale, the director now directly owns 140,953 shares of the company's stock, valued at $7,173,098.17. This represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Matthew Demchyk sold 1,138 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $50.45, for a total transaction of $57,412.10. Following the completion of the sale, the senior vice president now directly owns 53,002 shares in the company, valued at $2,673,950.90. This represents a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,842 shares of company stock valued at $1,153,961 in the last three months. Corporate insiders own 4.26% of the company's stock.

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.