Fuller & Thaler Asset Management Inc. Boosts Stock Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Fuller & Thaler Asset Management Inc. grew its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 15.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,385 shares of the real estate investment trust's stock after purchasing an additional 13,387 shares during the period. Fuller & Thaler Asset Management Inc.'s holdings in Gaming and Leisure Properties were worth $4,690,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in GLPI. Hsbc Holdings PLC lifted its holdings in Gaming and Leisure Properties by 41.5% during the 4th quarter. Hsbc Holdings PLC now owns 800,089 shares of the real estate investment trust's stock valued at $38,452,000 after buying an additional 234,473 shares in the last quarter. Stifel Financial Corp increased its position in shares of Gaming and Leisure Properties by 6.5% during the fourth quarter. Stifel Financial Corp now owns 172,808 shares of the real estate investment trust's stock worth $8,322,000 after acquiring an additional 10,494 shares during the period. TD Waterhouse Canada Inc. bought a new stake in shares of Gaming and Leisure Properties during the fourth quarter valued at approximately $193,000. Tower Research Capital LLC TRC boosted its holdings in shares of Gaming and Leisure Properties by 21.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 14,572 shares of the real estate investment trust's stock valued at $702,000 after purchasing an additional 2,611 shares during the period. Finally, MML Investors Services LLC grew its stake in Gaming and Leisure Properties by 6.9% in the fourth quarter. MML Investors Services LLC now owns 76,870 shares of the real estate investment trust's stock worth $3,702,000 after purchasing an additional 4,985 shares in the last quarter. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Stock Down 2.6 %

Shares of GLPI stock opened at $47.74 on Friday. The stock's fifty day moving average price is $49.43 and its 200 day moving average price is $49.33. Gaming and Leisure Properties, Inc. has a 1-year low of $42.20 and a 1-year high of $52.60. The company has a market cap of $13.12 billion, a price-to-earnings ratio of 16.63, 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 current ratio of 11.35 and a quick ratio of 11.35.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.96 earnings per share for the quarter, hitting analysts' consensus estimates of $0.96. The business had revenue of $395.24 million for the quarter, compared to analyst estimates of $396.27 million. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. On average, research analysts expect 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 disclosed 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 annualized dividend and a dividend yield of 6.37%. Gaming and Leisure Properties's payout ratio is currently 105.92%.

Insider Activity

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 1,138 shares of Gaming and Leisure Properties stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $50.45, for a total transaction of $57,412.10. Following the completion of the sale, the senior vice president now owns 53,002 shares of the company's stock, valued at approximately $2,673,950.90. The trade was a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director E Scott Urdang sold 5,000 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $50.89, for a total value of $254,450.00. Following the completion of the transaction, the director now directly owns 140,953 shares in the company, valued at $7,173,098.17. This represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,459 shares of company stock valued at $2,024,241 over the last ninety days. 4.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GLPI shares. Macquarie reaffirmed an "outperform" rating and set a $60.00 target price on shares of Gaming and Leisure Properties in a research report on Friday. Royal Bank of Canada lowered 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 note on Monday, February 24th. Barclays increased their target price on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an "equal weight" rating in a report on Tuesday. Morgan Stanley lowered shares of Gaming and Leisure Properties from an "overweight" rating to an "equal weight" rating and set a $53.00 price target for the company. in a report on Wednesday, January 15th. Finally, Scotiabank dropped their price objective on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating on the stock in a research note on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, Gaming and Leisure Properties has an average rating of "Moderate Buy" and an average price target of $54.57.

Gaming and Leisure Properties Company 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.

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