Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 7.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 988,461 shares of the real estate investment trust's stock after selling 79,299 shares during the period. Federated Hermes Inc. owned approximately 0.36% of Gaming and Leisure Properties worth $47,604,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GLPI. GAMMA Investing LLC lifted its stake in shares of Gaming and Leisure Properties by 8.7% in the 4th quarter. GAMMA Investing LLC now owns 2,826 shares of the real estate investment trust's stock valued at $136,000 after purchasing an additional 226 shares during the last quarter. Opal Wealth Advisors LLC increased its stake in Gaming and Leisure Properties by 4.9% during the 4th quarter. Opal Wealth Advisors LLC now owns 5,082 shares of the real estate investment trust's stock worth $245,000 after buying an additional 238 shares during the period. Integrated Wealth Concepts LLC raised its stake in shares of Gaming and Leisure Properties by 5.1% in the third quarter. Integrated Wealth Concepts LLC now owns 5,433 shares of the real estate investment trust's stock valued at $280,000 after acquiring an additional 262 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Gaming and Leisure Properties by 0.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 55,881 shares of the real estate investment trust's stock valued at $2,691,000 after buying an additional 277 shares during the period. Finally, CKW Financial Group lifted its stake in Gaming and Leisure Properties by 75.0% in the fourth quarter. CKW Financial Group now owns 700 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company's stock.

Insider Transactions at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 5,000 shares of the firm's stock in a transaction that occurred 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 sale, the director now owns 145,953 shares in the company, valued at approximately $7,256,783.16. This trade represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Matthew Demchyk sold 1,903 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $51.99, for a total value of $98,936.97. Following the transaction, the senior vice president now owns 41,298 shares in the company, valued at $2,147,083.02. This trade represents a 4.40 % 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 ninety days. 4.37% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties Price Performance

NASDAQ:GLPI traded up $0.79 during mid-day trading on Friday, hitting $47.68. 1,724,101 shares of the company's stock traded hands, compared to its average volume of 1,245,567. 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 company has a market cap of $13.10 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 2.01 and a beta of 0.72. The firm's 50 day simple moving average is $49.42 and its 200 day simple moving average is $49.45. 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 issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.01. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. The business had revenue of $389.62 million during the quarter, compared to analysts' expectations of $391.54 million. Sell-side analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.38%. The ex-dividend date was Friday, March 14th. Gaming and Leisure Properties's payout ratio is currently 105.92%.

Analysts Set New Price Targets

GLPI has been the topic of several recent analyst reports. Scotiabank dropped their target price on 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. Wells Fargo & Company raised their price objective on Gaming and Leisure Properties from $50.00 to $51.00 and gave the stock an "equal weight" rating in a report on Monday, March 10th. 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 report on Tuesday, March 4th. Royal Bank of Canada decreased their price objective on 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. Finally, Mizuho boosted their price target on shares of Gaming and Leisure Properties from $51.00 to $53.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $54.11.

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.