Aew Capital Management L P Has $36.68 Million Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Aew Capital Management L P boosted its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 1,786.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 761,600 shares of the real estate investment trust's stock after purchasing an additional 721,230 shares during the quarter. Gaming and Leisure Properties accounts for about 1.8% of Aew Capital Management L P's investment portfolio, making the stock its 18th biggest holding. Aew Capital Management L P owned about 0.28% of Gaming and Leisure Properties worth $36,679,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Assetmark Inc. lifted its holdings in shares of Gaming and Leisure Properties by 2,547.6% during the 3rd quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 535 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in Gaming and Leisure Properties in the fourth quarter valued at approximately $31,000. Farther Finance Advisors LLC boosted its holdings in shares of Gaming and Leisure Properties by 142.2% in the third quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 384 shares during the period. CKW Financial Group boosted its holdings in shares of Gaming and Leisure Properties by 75.0% in the fourth quarter. CKW Financial Group now owns 700 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 300 shares during the period. Finally, Brooklyn Investment Group bought a new stake in shares of Gaming and Leisure Properties during the third quarter worth $39,000. Institutional investors own 91.14% of the company's stock.

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Analyst Upgrades and Downgrades

GLPI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $49.00 to $54.00 in a research note on Friday, December 13th. Barclays reduced their price objective on Gaming and Leisure Properties from $55.00 to $53.00 and set an "equal weight" rating for the company in a research report on Tuesday. JMP Securities reissued a "market outperform" rating and issued a $55.00 target price on shares of Gaming and Leisure Properties in a research report on Wednesday, December 18th. Scotiabank cut their target price on Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating on the stock in a research note on Thursday, January 16th. Finally, Royal Bank of Canada decreased their price target on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an "outperform" rating for the company in a research note on Monday, February 24th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $54.04.

Gaming and Leisure Properties Stock Performance

Shares of Gaming and Leisure Properties stock traded up $0.61 during trading on Wednesday, hitting $50.40. 1,083,381 shares of the stock were exchanged, compared to its average volume of 1,182,769. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. The company has a fifty day moving average price of $48.39 and a 200-day moving average price of $49.79. The stock has a market capitalization of $13.85 billion, a price-to-earnings ratio of 17.56, 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.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.01. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. The firm had revenue of $389.62 million for the quarter, compared to the consensus estimate of $391.54 million. As a group, equities analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently declared 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 6.03%. The ex-dividend date is Friday, March 14th. Gaming and Leisure Properties's dividend payout ratio is 105.92%.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, COO Brandon John Moore sold 3,982 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total transaction of $190,498.88. Following the completion of the sale, the chief operating officer now owns 278,634 shares in the company, valued at approximately $13,329,850.56. This trade represents a 1.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Matthew Demchyk sold 1,149 shares of the company's stock in a transaction dated 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 transaction, the senior vice president now owns 91,620 shares in the company, valued at approximately $4,379,436. This trade represents a 1.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,742 shares of company stock valued at $2,101,682 in the last quarter. 4.37% of the stock is currently owned by insiders.

Gaming and Leisure Properties Company 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.