Asset Management One Co. Ltd. Increases Stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Asset Management One Co. Ltd. grew its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 0.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 570,131 shares of the real estate investment trust’s stock after acquiring an additional 3,239 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Gaming and Leisure Properties were worth $29,333,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its stake in shares of Gaming and Leisure Properties by 6.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,534,033 shares of the real estate investment trust’s stock valued at $284,726,000 after buying an additional 341,492 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Gaming and Leisure Properties by 9.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,104,552 shares of the real estate investment trust’s stock valued at $185,564,000 after purchasing an additional 350,250 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Gaming and Leisure Properties by 36.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,910,169 shares of the real estate investment trust’s stock valued at $134,074,000 after purchasing an additional 781,906 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Gaming and Leisure Properties by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 2,761,119 shares of the real estate investment trust’s stock valued at $124,830,000 after purchasing an additional 35,311 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC boosted its position in shares of Gaming and Leisure Properties by 1.5% during the first quarter. Lasalle Investment Management Securities LLC now owns 1,479,756 shares of the real estate investment trust’s stock valued at $68,172,000 after purchasing an additional 21,667 shares in the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $50.39, for a total transaction of $151,170.00. Following the transaction, the director now owns 146,800 shares in the company, valued at $7,397,252. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Desiree A. Burke sold 12,973 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $52.02, for a total transaction of $674,855.46. Following the completion of the sale, the chief financial officer now directly owns 108,073 shares of the company’s stock, valued at approximately $5,621,957.46. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $50.39, for a total value of $151,170.00. Following the completion of the transaction, the director now directly owns 146,800 shares of the company’s stock, valued at approximately $7,397,252. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 59,363 shares of company stock valued at $2,991,951 in the last 90 days. 4.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

GLPI has been the topic of several research reports. Scotiabank lifted their price target on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 16th. JMP Securities reaffirmed a “market outperform” rating and set a $55.00 price target on shares of Gaming and Leisure Properties in a report on Tuesday, October 29th. UBS Group upped their price target on Gaming and Leisure Properties from $56.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Wells Fargo & Company reiterated an “equal weight” rating and set a $52.00 price objective (up previously from $51.00) on shares of Gaming and Leisure Properties in a research report on Tuesday, October 1st. Finally, Raymond James upped their price objective on Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a research report on Wednesday, August 21st. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Gaming and Leisure Properties currently has a consensus rating of “Moderate Buy” and an average price target of $52.18.

Gaming and Leisure Properties Stock Performance

GLPI stock opened at $50.59 on Tuesday. The firm has a market cap of $13.88 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 2.16 and a beta of 0.99. The firm has a 50-day simple moving average of $51.14 and a two-hundred day simple moving average of $47.77. Gaming and Leisure Properties, Inc. has a one year low of $41.80 and a one 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) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.67 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.25). Gaming and Leisure Properties had a net margin of 51.93% and a return on equity of 17.31%. The company had revenue of $385.34 million during the quarter, compared to analysts’ expectations of $385.09 million. During the same period in the previous year, the business earned $0.92 earnings per share. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities analysts forecast that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a dividend of $0.76 per share. The ex-dividend date was Friday, September 13th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.01%. Gaming and Leisure Properties’s payout ratio is 106.29%.

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.