Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Sold by Barclays PLC

Barclays PLC cut its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 52.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 430,542 shares of the real estate investment trust's stock after selling 466,289 shares during the quarter. Barclays PLC owned about 0.16% of Gaming and Leisure Properties worth $20,734,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Morse Asset Management Inc lifted its stake in Gaming and Leisure Properties by 84.4% during the third quarter. Morse Asset Management Inc now owns 14,560 shares of the real estate investment trust's stock worth $749,000 after purchasing an additional 6,665 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Gaming and Leisure Properties in the 3rd quarter valued at $66,000. Franklin Resources Inc. raised 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 worth $641,059,000 after purchasing an additional 889,698 shares during the last quarter. Retirement Systems of Alabama lifted its position in shares of Gaming and Leisure Properties by 1.6% during the third quarter. Retirement Systems of Alabama now owns 741,120 shares of the real estate investment trust's stock valued at $38,131,000 after purchasing an additional 11,822 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Gaming and Leisure Properties by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,503,392 shares of the real estate investment trust's stock valued at $77,350,000 after purchasing an additional 173,810 shares during the period. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Gaming and Leisure Properties Trading Up 0.5 %

GLPI stock traded up $0.27 during mid-day trading on Wednesday, hitting $49.56. 2,241,851 shares of the company were exchanged, compared to its average volume of 1,247,959. Gaming and Leisure Properties, Inc. has a 12-month low of $42.20 and a 12-month high of $52.60. The firm has a market capitalization of $13.62 billion, a P/E ratio of 17.27, a PEG ratio of 2.01 and a beta of 0.72. The business has a fifty day simple moving average of $49.43 and a 200-day simple moving average of $49.37. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 EPS for the quarter, topping the consensus estimate of $0.94 by $0.01. The business had revenue of $389.62 million during the quarter, compared to the consensus estimate of $391.54 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. On average, equities research analysts predict 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 announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 6.13%. The ex-dividend date was Friday, March 14th. Gaming and Leisure Properties's payout ratio is 105.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GLPI shares. Royal Bank of Canada cut 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, February 24th. Barclays raised their target price on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an "equal weight" rating in a research note on Tuesday. Morgan Stanley cut shares of Gaming and Leisure Properties from an "overweight" rating to an "equal weight" rating and set a $53.00 target price on the stock. in a research note on Wednesday, January 15th. Scotiabank reduced their price target on Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating for the company in a research report on Thursday, January 16th. Finally, Wells Fargo & Company lifted their price target on shares of Gaming and Leisure Properties from $50.00 to $51.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Gaming and Leisure Properties presently has a consensus rating of "Moderate Buy" and an average target price of $54.18.

Insider Activity at Gaming and Leisure Properties

In other news, SVP Matthew Demchyk sold 1,903 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $51.99, for a total value of $98,936.97. Following the completion of the sale, the senior vice president now directly owns 41,298 shares of the company's stock, valued at approximately $2,147,083.02. This represents a 4.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director E Scott Urdang sold 5,000 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $50.89, for a total transaction of $254,450.00. Following the completion of the sale, the director now owns 140,953 shares of the company's stock, valued at approximately $7,173,098.17. This trade represents a 3.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,459 shares of company stock valued at $2,024,241 in the last ninety days. Insiders own 4.37% of the company's stock.

Gaming and Leisure Properties Profile

Gaming & Leisure Properties, Inc engages in the provision of 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.