Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Sold by Fmr LLC

FMR LLC trimmed its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 10.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,209,246 shares of the real estate investment trust's stock after selling 255,743 shares during the quarter. FMR LLC owned about 0.81% of Gaming and Leisure Properties worth $106,397,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GLPI. GAMMA Investing LLC lifted its position in Gaming and Leisure Properties by 8.7% during the fourth quarter. GAMMA Investing LLC now owns 2,826 shares of the real estate investment trust's stock valued at $136,000 after acquiring an additional 226 shares during the last quarter. Opal Wealth Advisors LLC increased its position in shares of Gaming and Leisure Properties by 4.9% during the fourth quarter. Opal Wealth Advisors LLC now owns 5,082 shares of the real estate investment trust's stock worth $245,000 after purchasing an additional 238 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Gaming and Leisure Properties by 0.5% during 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 purchasing an additional 277 shares during the last quarter. CKW Financial Group boosted its position in shares of Gaming and Leisure Properties by 75.0% in the 4th quarter. CKW Financial Group now owns 700 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 300 shares in the last quarter. Finally, Corient Private Wealth LLC grew its stake in Gaming and Leisure Properties by 2.0% during the 4th quarter. Corient Private Wealth LLC now owns 16,921 shares of the real estate investment trust's stock worth $815,000 after buying an additional 331 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Stock Performance

NASDAQ:GLPI traded up $0.46 during trading hours on Friday, reaching $49.52. The company had a trading volume of 904,292 shares, compared to its average volume of 1,243,918. The firm has a market cap of $13.61 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 2.01 and a beta of 0.72. Gaming and Leisure Properties, Inc. has a 1-year low of $42.20 and a 1-year high of $52.60. The business's 50 day moving average price is $49.42 and its 200-day moving average price is $49.41. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.01. The firm had revenue of $389.62 million during the quarter, compared to analysts' expectations of $391.54 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. Research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.76 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.04 dividend on an annualized basis and a yield of 6.14%. Gaming and Leisure Properties's payout ratio is 105.92%.

Wall Street Analysts Forecast Growth

GLPI has been the subject of a number of research analyst reports. Scotiabank decreased 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 note on Thursday, January 16th. 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 for the company. in a research note on Wednesday, January 15th. Mizuho boosted their target price on shares of Gaming and Leisure Properties from $51.00 to $53.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. Barclays decreased their price target on shares of Gaming and Leisure Properties from $55.00 to $53.00 and set an "equal weight" rating for the company in a report on Tuesday, March 4th. Finally, Wells Fargo & Company boosted 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 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, Gaming and Leisure Properties presently has a consensus rating of "Moderate Buy" and an average target price of $54.11.

Insiders Place Their Bets

In related news, Director E Scott Urdang sold 5,000 shares of Gaming and Leisure Properties stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $50.89, for a total value of $254,450.00. Following the sale, the director now directly owns 140,953 shares in the company, valued at approximately $7,173,098.17. The trade was a 3.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Matthew Demchyk sold 10,474 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $48.62, for a total value of $509,245.88. Following the sale, the senior vice president now owns 71,757 shares of the company's stock, valued at approximately $3,488,825.34. This trade represents a 12.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,933 shares of company stock worth $2,533,487. 4.37% of the stock is owned by corporate insiders.

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.