Home / Gaming / Janney Montgomery Scott LLC Sells 1,224 Shares of Gaming and Leisure Properties Inc (GLPI) – Fairfield Current

Janney Montgomery Scott LLC Sells 1,224 Shares of Gaming and Leisure Properties Inc (GLPI) – Fairfield Current

Janney Montgomery Scott LLC reduced its stake in shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 4.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,019 shares of the real estate investment trust’s stock after selling 1,224 shares during the period. Janney Montgomery Scott LLC’s holdings in Gaming and Leisure Properties were worth $841,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Gaming and Leisure Properties by 43.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,434 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 434 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Gaming and Leisure Properties by 1.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,107 shares of the real estate investment trust’s stock valued at $1,781,000 after acquiring an additional 551 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Gaming and Leisure Properties by 3.5% in the fourth quarter. Advisors Asset Management Inc. now owns 17,355 shares of the real estate investment trust’s stock valued at $561,000 after acquiring an additional 588 shares during the last quarter. We Are One Seven LLC acquired a new position in Gaming and Leisure Properties in the fourth quarter valued at approximately $31,000. Finally, Schroder Investment Management Group lifted its holdings in Gaming and Leisure Properties by 1.4% in the third quarter. Schroder Investment Management Group now owns 112,560 shares of the real estate investment trust’s stock valued at $3,968,000 after acquiring an additional 1,548 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

NASDAQ:GLPI opened at $37.14 on Friday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 3.60 and a current ratio of 3.60. Gaming and Leisure Properties Inc has a 52 week low of $31.19 and a 52 week high of $38.28. The firm has a market cap of $7.90 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 1.33 and a beta of 0.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Wednesday, February 13th. The real estate investment trust reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. Gaming and Leisure Properties had a return on equity of 14.42% and a net margin of 32.16%. The company had revenue of $303.30 million for the quarter, compared to analysts’ expectations of $306.12 million. During the same period in the prior year, the firm earned $0.55 earnings per share. The firm’s revenue was up 26.0% compared to the same quarter last year. As a group, analysts anticipate that Gaming and Leisure Properties Inc will post 3.36 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 8th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 7.32%. The ex-dividend date of this dividend is Thursday, March 7th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 85.53%.

In other news, Director E Scott Urdang purchased 5,000 shares of the firm’s stock in a transaction on Thursday, December 13th. The shares were bought at an average cost of $34.27 per share, for a total transaction of $171,350.00. Following the completion of the purchase, the director now directly owns 81,971 shares of the company’s stock, valued at $2,809,146.17. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Matthew Demchyk purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, February 20th. The shares were purchased at an average price of $36.49 per share, for a total transaction of $36,490.00. Following the completion of the purchase, the senior vice president now directly owns 33,500 shares of the company’s stock, valued at $1,222,415. The disclosure for this purchase can be found here. 5.88% of the stock is owned by corporate insiders.

A number of research firms recently commented on GLPI. Zacks Investment Research cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Friday, February 15th. BidaskClub cut Gaming and Leisure Properties from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Gaming and Leisure Properties presently has an average rating of “Hold” and a consensus target price of $39.90.

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Gaming and Leisure Properties Company Profile

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.

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

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