Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 588,258 shares of the real estate investment trust's stock after selling 23,996 shares during the period. Envestnet Asset Management Inc. owned about 0.21% of Gaming and Leisure Properties worth $28,330,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Franklin Resources Inc. raised its holdings in Gaming and Leisure Properties by 4.7% during the fourth quarter. Franklin Resources Inc. now owns 12,830,944 shares of the real estate investment trust's stock valued at $617,938,000 after acquiring an additional 571,720 shares during the period. Geode Capital Management LLC increased its position in Gaming and Leisure Properties by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 6,245,884 shares of the real estate investment trust's stock valued at $300,395,000 after acquiring an additional 165,024 shares during the last quarter. Jennison Associates LLC lifted its stake in Gaming and Leisure Properties by 5.2% in the fourth quarter. Jennison Associates LLC now owns 4,287,118 shares of the real estate investment trust's stock worth $206,468,000 after purchasing an additional 211,657 shares during the last quarter. Norges Bank purchased a new position in shares of Gaming and Leisure Properties during the fourth quarter valued at approximately $176,123,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Gaming and Leisure Properties by 15.2% in the fourth quarter. Bank of New York Mellon Corp now owns 2,981,567 shares of the real estate investment trust's stock worth $143,592,000 after buying an additional 394,069 shares during the period. Hedge funds and other institutional investors own 91.14% of the company's stock.

Insider Transactions at Gaming and Leisure Properties

In related news, SVP Matthew Demchyk sold 17,617 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $49.40, for a total transaction of $870,279.80. Following the completion of the transaction, the senior vice president now directly owns 54,140 shares in the company, valued at $2,674,516. The trade was a 24.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director E Scott Urdang sold 5,000 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $49.72, for a total transaction of $248,600.00. Following the completion of the sale, the director now directly owns 145,953 shares in the company, valued at approximately $7,256,783.16. The trade was a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,933 shares of company stock worth $2,533,487 over the last three months. 4.37% of the stock is currently owned by insiders.

Gaming and Leisure Properties Stock Up 0.9 %

GLPI stock traded up $0.46 on Friday, hitting $49.52. 904,292 shares of the company's stock were exchanged, compared to its average volume of 1,242,824. The firm has a 50 day moving average price of $49.40 and a two-hundred day moving average price of $49.42. Gaming and Leisure Properties, Inc. has a 12-month low of $41.97 and a 12-month high of $52.60. The stock has a market cap of $13.61 billion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 2.01 and a beta of 0.72. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.01. The company had revenue of $389.62 million for 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%. As a group, equities research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 6.14%. The ex-dividend date of this dividend was Friday, March 14th. Gaming and Leisure Properties's dividend payout ratio is presently 105.92%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wells Fargo & Company lifted their target price on Gaming and Leisure Properties from $50.00 to $51.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. Morgan Stanley downgraded 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 lowered 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 report on Thursday, January 16th. Barclays reduced their price objective on Gaming and Leisure Properties from $55.00 to $53.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 4th. Finally, Royal Bank of Canada lowered their target price on Gaming and Leisure Properties from $57.00 to $56.00 and set an "outperform" rating for the company in a report 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. According to data from MarketBeat.com, Gaming and Leisure Properties has an average rating of "Moderate Buy" and an average price target of $54.11.

About Gaming and Leisure Properties

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.