Dynamic Technology Lab Private Ltd Invests $350,000 in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,269 shares of the real estate investment trust's stock, valued at approximately $350,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GLPI. Resona Asset Management Co. Ltd. acquired a new stake in shares of Gaming and Leisure Properties during the fourth quarter worth about $7,240,000. Landscape Capital Management L.L.C. purchased a new stake in Gaming and Leisure Properties during the 4th quarter worth approximately $486,000. Geode Capital Management LLC lifted its holdings in Gaming and Leisure Properties by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 6,245,884 shares of the real estate investment trust's stock worth $300,395,000 after buying an additional 165,024 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Gaming and Leisure Properties by 4.7% during the 4th quarter. Franklin Resources Inc. now owns 12,830,944 shares of the real estate investment trust's stock worth $617,938,000 after buying an additional 571,720 shares in the last quarter. Finally, Family Legacy Inc. boosted its position in Gaming and Leisure Properties by 13.1% in the 4th quarter. Family Legacy Inc. now owns 17,638 shares of the real estate investment trust's stock valued at $822,000 after buying an additional 2,049 shares during the period. Hedge funds and other institutional investors own 91.14% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on GLPI shares. Royal Bank of Canada reduced their price objective on Gaming and Leisure Properties from $57.00 to $56.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. Morgan Stanley cut Gaming and Leisure Properties from an "overweight" rating to an "equal weight" rating and set a $53.00 price objective for the company. in a research note on Wednesday, January 15th. Barclays cut their target price on shares of Gaming and Leisure Properties from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 4th. JMP Securities reiterated a "market outperform" rating and issued a $55.00 price target on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Finally, Wells Fargo & Company increased their price objective on shares of Gaming and Leisure Properties from $50.00 to $51.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Gaming and Leisure Properties has an average rating of "Moderate Buy" and an average target price of $54.11.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 10,474 shares of the business's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $48.62, for a total transaction of $509,245.88. Following the sale, the senior vice president now directly owns 71,757 shares in the company, valued at approximately $3,488,825.34. The trade was a 12.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director E Scott Urdang sold 5,000 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $50.89, for a total transaction of $254,450.00. Following the transaction, the director now owns 140,953 shares of the company's stock, valued at $7,173,098.17. This trade represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 50,933 shares of company stock valued at $2,533,487. Corporate insiders own 4.37% of the company's stock.

Gaming and Leisure Properties Stock Performance

NASDAQ:GLPI traded up $0.40 during mid-day trading on Tuesday, reaching $48.83. 146,678 shares of the stock were exchanged, compared to its average volume of 1,240,464. The stock has a market capitalization of $13.42 billion, a P/E ratio of 16.96, a P/E/G ratio of 2.01 and a beta of 0.72. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year high of $52.60. The company has a 50 day simple moving average of $49.41 and a 200-day simple moving average of $49.44. 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 released its quarterly 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. 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 analyst estimates of $391.54 million. Analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.76 per share. The ex-dividend date was Friday, March 14th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.23%. Gaming and Leisure Properties's dividend payout ratio (DPR) is 105.92%.

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.