DekaBank Deutsche Girozentrale Has $2.85 Million Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)


DekaBank Deutsche Girozentrale cut its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Get Rating) by 12.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 65,911 shares of the real estate investment trust’s stock after selling 9,354 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Gaming and Leisure Properties were worth $2,852,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GLPI. JFS Wealth Advisors LLC bought a new position in Gaming and Leisure Properties in the second quarter valued at about $30,000. Quadrant Capital Group LLC boosted its holdings 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 valued at $30,000 after acquiring an additional 360 shares during the last quarter. Zions Bancorporation N.A. bought a new position in Gaming and Leisure Properties in the first quarter valued at about $43,000. Destiny Wealth Partners LLC bought a new position in Gaming and Leisure Properties in the third quarter valued at about $44,000. Finally, CWM LLC boosted 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. 90.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on GLPI shares. Mizuho raised their target price on Gaming and Leisure Properties from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, December 8th. 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. KeyCorp raised their target price on Gaming and Leisure Properties from $52.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, November 30th. 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. Finally, StockNews.com cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Tuesday, November 8th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $56.60.

Insider Activity at Gaming and Leisure Properties

In related news, COO Brandon John Moore sold 3,000 shares of Gaming and Leisure Properties 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 of the company’s stock, valued at approximately $9,515,636. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, COO Brandon John Moore sold 3,000 shares of Gaming and Leisure Properties 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 of the company’s stock, valued at approximately $9,515,636. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Matthew Demchyk sold 1,961 shares of Gaming and Leisure Properties 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 directly 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 owned by insiders.

Gaming and Leisure Properties Trading Down 0.8 %

NASDAQ GLPI opened at $51.78 on Tuesday. The firm has a market cap of $13.23 billion, a P/E ratio of 21.22, a P/E/G ratio of 10.09 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 stock’s 50-day moving average is $51.78 and its 200-day moving average is $50.00. Gaming and Leisure Properties, Inc. has a one year low of $41.81 and a one year high of $53.91.

Gaming and Leisure Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 23rd. Investors of record on Friday, December 9th were given a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend was Thursday, December 8th. Gaming and Leisure Properties’s dividend payout ratio is presently 115.57%.

About Gaming and Leisure Properties

(Get Rating)

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.

See Also

Institutional Ownership by Quarter for Gaming and Leisure Properties (NASDAQ:GLPI)

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