Asset Management One Co. Ltd. Has $27.55 Million Stock Position 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 - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 575,698 shares of the real estate investment trust's stock after purchasing an additional 5,567 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.21% of Gaming and Leisure Properties worth $27,547,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GLPI. Segall Bryant & Hamill LLC purchased a new position in shares of Gaming and Leisure Properties during the 3rd quarter worth $693,000. Sanctuary Advisors LLC raised its holdings in shares of Gaming and Leisure Properties by 76.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 32,316 shares of the real estate investment trust's stock worth $1,646,000 after acquiring an additional 13,965 shares during the period. Zacks Investment Management raised its holdings in shares of Gaming and Leisure Properties by 10.9% during the 3rd quarter. Zacks Investment Management now owns 522,197 shares of the real estate investment trust's stock worth $26,867,000 after acquiring an additional 51,398 shares during the period. Cerity Partners LLC raised its holdings in shares of Gaming and Leisure Properties by 87.5% during the 3rd quarter. Cerity Partners LLC now owns 14,410 shares of the real estate investment trust's stock worth $741,000 after acquiring an additional 6,724 shares during the period. Finally, Merit Financial Group LLC purchased a new stake in Gaming and Leisure Properties in the 4th quarter valued at about $526,000. Institutional investors and hedge funds own 91.14% of the company's stock.

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Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 17,617 shares of the company's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $49.40, for a total value of $870,279.80. Following the transaction, the senior vice president now directly owns 54,140 shares of the company's stock, valued at $2,674,516. This represents a 24.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Brandon John Moore sold 3,982 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total value of $190,498.88. Following the sale, the chief operating officer now owns 278,634 shares of the company's stock, valued at approximately $13,329,850.56. This trade represents a 1.41 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,222 shares of company stock valued at $1,624,947. Company insiders own 4.37% of the company's stock.

Analyst Upgrades and Downgrades

GLPI has been the topic of several research analyst reports. Barclays initiated coverage on shares of Gaming and Leisure Properties in a report on Tuesday, December 17th. They issued an "equal weight" rating and a $54.53 price objective on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Gaming and Leisure Properties from a "hold" rating to a "buy" rating and boosted their price objective for the company from $49.00 to $54.00 in a report on Wednesday, November 20th. StockNews.com lowered shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating in a report on Monday, October 28th. Scotiabank reduced their price objective on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating on the stock in a report on Thursday, January 16th. Finally, Mizuho reduced their price objective on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a "neutral" rating on the stock in a report on Thursday, November 14th. Six investment 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 company currently has an average rating of "Moderate Buy" and an average price target of $53.93.

Gaming and Leisure Properties Price Performance

Shares of Gaming and Leisure Properties stock traded up $0.37 during trading on Tuesday, hitting $48.98. The stock had a trading volume of 236,240 shares, compared to its average volume of 950,448. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. The firm has a market cap of $13.44 billion, a P/E ratio of 17.09, a PEG ratio of 2.01 and a beta of 0.99. The business has a fifty day moving average of $48.19 and a two-hundred day moving average of $49.77. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $52.60.

Gaming and Leisure Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 6.21%. The ex-dividend date was Friday, December 6th. Gaming and Leisure Properties's payout ratio is 106.29%.

About Gaming and Leisure Properties

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.