Allianz Asset Management GmbH Buys 5,786 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Allianz Asset Management GmbH raised its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 520,395 shares of the real estate investment trust's stock after buying an additional 5,786 shares during the period. Allianz Asset Management GmbH owned 0.19% of Gaming and Leisure Properties worth $25,062,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in GLPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Gaming and Leisure Properties by 647.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,025,526 shares of the real estate investment trust's stock valued at $104,213,000 after purchasing an additional 1,754,370 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Gaming and Leisure Properties by 7.8% in the third quarter. Franklin Resources Inc. now owns 12,259,224 shares of the real estate investment trust's stock valued at $641,059,000 after buying an additional 889,698 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Gaming and Leisure Properties by 25.3% in the third quarter. Jennison Associates LLC now owns 4,075,461 shares of the real estate investment trust's stock valued at $209,682,000 after buying an additional 821,634 shares during the last quarter. Janus Henderson Group PLC lifted its position in Gaming and Leisure Properties by 6,162.9% during the 3rd quarter. Janus Henderson Group PLC now owns 812,981 shares of the real estate investment trust's stock worth $41,820,000 after buying an additional 800,000 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Gaming and Leisure Properties during the third quarter worth approximately $27,057,000. 91.14% of the stock is owned by institutional investors.

Remove Ads

Gaming and Leisure Properties Trading Up 0.5 %

NASDAQ:GLPI traded up $0.23 on Friday, reaching $50.15. The company's stock had a trading volume of 1,944,886 shares, compared to its average volume of 1,191,406. The firm has a market cap of $13.78 billion, a PE ratio of 17.47, a PEG ratio of 2.01 and a beta of 0.99. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. The business's 50-day moving average price is $48.25 and its two-hundred day moving average price is $49.77. 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 posted its earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.94 by $0.01. The business had revenue of $389.62 million during the quarter, compared to analysts' expectations of $391.54 million. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. Equities research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.76 per share. The ex-dividend date is Friday, March 14th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.06%. Gaming and Leisure Properties's payout ratio is 105.92%.

Insider Activity at Gaming and Leisure Properties

In other news, COO Brandon John Moore sold 3,982 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 278,634 shares of the company's stock, valued at $13,329,850.56. This trade represents a 1.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Matthew Demchyk sold 17,617 shares of the business's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $49.40, for a total transaction of $870,279.80. Following the completion of the sale, the senior vice president now directly owns 54,140 shares in the company, valued at approximately $2,674,516. This represents a 24.55 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,222 shares of company stock valued at $1,873,547. 4.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on GLPI shares. Royal Bank of Canada dropped their price objective on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an "outperform" rating for the company in a research report on Monday. Mizuho dropped their price objective on Gaming and Leisure Properties from $52.00 to $51.00 and set a "neutral" rating for the company in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a "hold" rating to a "buy" rating and raised their target price for the company from $49.00 to $54.00 in a research note on Wednesday, November 20th. JMP Securities reaffirmed a "market outperform" rating and set a $55.00 target price on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. raised Gaming and Leisure Properties from a "neutral" rating to an "overweight" rating and increased their price target for the company from $49.00 to $54.00 in a research note on Friday, December 13th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $54.15.

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.