Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Acquired by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 61.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,251 shares of the real estate investment trust's stock after acquiring an additional 15,259 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Gaming and Leisure Properties were worth $1,938,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of GLPI. Barclays PLC raised its holdings in Gaming and Leisure Properties by 129.1% during the third quarter. Barclays PLC now owns 896,831 shares of the real estate investment trust's stock worth $46,142,000 after purchasing an additional 505,382 shares in the last quarter. Morse Asset Management Inc increased its position in Gaming and Leisure Properties by 84.4% during the 3rd quarter. Morse Asset Management Inc now owns 14,560 shares of the real estate investment trust's stock worth $749,000 after purchasing an additional 6,665 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Gaming and Leisure Properties during the 3rd quarter worth approximately $66,000. Franklin Resources Inc. raised its stake in shares of Gaming and Leisure Properties by 7.8% during the 3rd quarter. Franklin Resources Inc. now owns 12,259,224 shares of the real estate investment trust's stock worth $641,059,000 after buying an additional 889,698 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in shares of Gaming and Leisure Properties by 1.6% in the 3rd quarter. Retirement Systems of Alabama now owns 741,120 shares of the real estate investment trust's stock valued at $38,131,000 after buying an additional 11,822 shares during the period. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Gaming and Leisure Properties

In related news, SVP Matthew Demchyk sold 17,617 shares of Gaming and Leisure Properties stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $49.40, for a total value 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 approximately $2,674,516. This trade represents a 24.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director E Scott Urdang sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $50.89, for a total value of $254,450.00. Following the sale, the director now owns 140,953 shares in the company, valued at $7,173,098.17. The trade was a 3.43 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,459 shares of company stock valued at $2,024,241. 4.37% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties Stock Down 2.6 %

GLPI traded down $1.29 during trading hours on Friday, reaching $47.74. 3,185,671 shares of the stock traded hands, compared to its average volume of 1,258,161. Gaming and Leisure Properties, Inc. has a fifty-two week low of $42.20 and a fifty-two week high of $52.60. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. The company has a market cap of $13.12 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 2.01 and a beta of 0.72. The firm's fifty day simple moving average is $49.43 and its two-hundred day simple moving average is $49.33.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $0.96 earnings per share for the quarter, meeting the consensus estimate of $0.96. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. The company had revenue of $395.24 million during the quarter, compared to the consensus estimate of $396.27 million. As a group, analysts forecast 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 firm also recently announced 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. This represents a $3.04 annualized dividend and a dividend yield of 6.37%. The ex-dividend date of this dividend was Friday, March 14th. Gaming and Leisure Properties's dividend payout ratio (DPR) is currently 108.19%.

Analyst Upgrades and Downgrades

GLPI has been the subject of several research analyst reports. Barclays increased their price objective on Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Scotiabank decreased 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 report on Thursday, January 16th. Mizuho increased their target price on shares of Gaming and Leisure Properties from $51.00 to $53.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. Morgan Stanley downgraded 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 research note on Wednesday, January 15th. Finally, Wells Fargo & Company upped their target price on Gaming and Leisure Properties from $50.00 to $51.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus 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.