Schnieders Capital Management LLC Cuts Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Schnieders Capital Management LLC decreased its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 1.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 17,572 shares of the real estate investment trust’s stock after selling 309 shares during the period. Schnieders Capital Management LLC’s holdings in Gaming and Leisure Properties were worth $867,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GLPI. CWM LLC grew its position in shares of Gaming and Leisure Properties by 38.7% in the 3rd quarter. CWM LLC now owns 1,954 shares of the real estate investment trust’s stock worth $89,000 after buying an additional 545 shares during the last quarter. AE Wealth Management LLC grew its position in shares of Gaming and Leisure Properties by 79.3% in the 3rd quarter. AE Wealth Management LLC now owns 23,613 shares of the real estate investment trust’s stock worth $1,076,000 after buying an additional 10,445 shares during the last quarter. DnB Asset Management AS grew its position in shares of Gaming and Leisure Properties by 21.0% in the 3rd quarter. DnB Asset Management AS now owns 56,780 shares of the real estate investment trust’s stock worth $2,586,000 after buying an additional 9,867 shares during the last quarter. Impact Partnership Wealth LLC grew its position in shares of Gaming and Leisure Properties by 1,227.4% in the 3rd quarter. Impact Partnership Wealth LLC now owns 7,513 shares of the real estate investment trust’s stock worth $342,000 after buying an additional 6,947 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC grew its position in shares of Gaming and Leisure Properties by 19.9% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 10,055 shares of the real estate investment trust’s stock worth $458,000 after buying an additional 1,669 shares during the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Performance

NASDAQ GLPI traded up $0.56 on Tuesday, hitting $43.54. 1,132,253 shares of the company’s stock traded hands, compared to its average volume of 1,417,512. The company has a current ratio of 7.41, a quick ratio of 7.41 and a debt-to-equity ratio of 1.48. The firm’s 50-day moving average price is $44.95 and its two-hundred day moving average price is $45.94. Gaming and Leisure Properties, Inc. has a 1-year low of $41.80 and a 1-year high of $52.31. The firm has a market capitalization of $11.82 billion, a PE ratio of 15.72, a P/E/G ratio of 5.34 and a beta of 0.94.

Gaming and Leisure Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.76 dividend. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.73. This represents a $3.04 annualized dividend and a dividend yield of 6.98%. The ex-dividend date of this dividend was Thursday, March 14th. Gaming and Leisure Properties’s payout ratio is currently 109.75%.

Wall Street Analyst Weigh In

Several research firms have weighed in on GLPI. Mizuho dropped their target price on shares of Gaming and Leisure Properties from $50.00 to $47.00 and set a “neutral” rating on the stock in a research report on Thursday, March 7th. Royal Bank of Canada dropped their target price on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. Morgan Stanley dropped their target price on shares of Gaming and Leisure Properties from $55.00 to $53.00 and set an “overweight” rating on the stock in a research report on Thursday, March 21st. StockNews.com raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th. Finally, JMP Securities reissued a “market outperform” rating and set a $53.00 target price on shares of Gaming and Leisure Properties in a research report on Monday, March 4th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $52.09.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang bought 2,500 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was purchased at an average cost of $45.00 per share, for a total transaction of $112,500.00. Following the purchase, the director now directly owns 156,685 shares in the company, valued at approximately $7,050,825. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 4.40% of the company’s stock.

About Gaming and Leisure Properties

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.