D.A. Davidson & CO. Has $942,000 Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

D.A. Davidson & CO. raised its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 1.7% during the 4th quarter, Holdings Channel reports. The fund owned 19,556 shares of the real estate investment trust’s stock after acquiring an additional 332 shares during the period. D.A. Davidson & CO.’s holdings in Gaming and Leisure Properties were worth $942,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of GLPI. Segall Bryant & Hamill LLC acquired a new stake in Gaming and Leisure Properties in the 3rd quarter worth about $693,000. Sanctuary Advisors LLC increased its holdings in shares of Gaming and Leisure Properties by 76.1% during the third quarter. Sanctuary Advisors LLC now owns 32,316 shares of the real estate investment trust’s stock worth $1,646,000 after purchasing an additional 13,965 shares during the period. Zacks Investment Management raised its position in shares of Gaming and Leisure Properties by 10.9% in the third quarter. Zacks Investment Management now owns 522,197 shares of the real estate investment trust’s stock valued at $26,867,000 after buying an additional 51,398 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Gaming and Leisure Properties by 87.5% in the third quarter. Cerity Partners LLC now owns 14,410 shares of the real estate investment trust’s stock valued at $741,000 after buying an additional 6,724 shares during the period. Finally, Merit Financial Group LLC acquired a new stake in Gaming and Leisure Properties during the fourth quarter worth approximately $526,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Gaming and Leisure Properties Stock Performance

NASDAQ:GLPI opened at $49.11 on Monday. The stock’s 50-day moving average is $48.14 and its 200-day moving average is $49.77. The stock has a market cap of $13.47 billion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99. Gaming and Leisure Properties, Inc. has a 1-year low of $41.80 and a 1-year high of $52.60. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.01. The firm had revenue of $389.62 million during the quarter, compared to analysts’ expectations of $391.54 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. Equities research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 6.19%. The ex-dividend date of this dividend is Friday, March 14th. Gaming and Leisure Properties’s payout ratio is presently 105.92%.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 1,149 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $47.80, for a total transaction of $54,922.20. Following the completion of the sale, the senior vice president now owns 91,620 shares of the company’s stock, valued at approximately $4,379,436. This represents a 1.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Brandon John Moore sold 3,982 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total transaction of $190,498.88. Following the completion of the transaction, the chief operating officer now owns 278,634 shares in the company, valued at $13,329,850.56. This trade represents a 1.41 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,222 shares of company stock worth $1,624,947. Insiders own 4.37% of the company’s stock.

Analyst Ratings Changes

GLPI has been the subject of a number of recent analyst reports. Morgan Stanley downgraded Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 target price for the company. in a research report on Wednesday, January 15th. Scotiabank cut their price objective on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus raised their target price on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a “buy” rating in a report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and upped their price target for the stock from $49.00 to $54.00 in a report on Wednesday, November 20th. Finally, Mizuho decreased their price objective on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and a consensus target price of $53.93.

Gaming and Leisure Properties Profile

Gaming & Leisure Properties, Inc engages in 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.