Fjarde AP Fonden Fourth Swedish National Pension Fund Has $5.95 Million Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 118.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 123,579 shares of the real estate investment trust's stock after purchasing an additional 67,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Gaming and Leisure Properties were worth $5,952,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Segall Bryant & Hamill LLC acquired a new position in Gaming and Leisure Properties during the third quarter worth $693,000. Sanctuary Advisors LLC boosted its stake in shares of Gaming and Leisure Properties by 76.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 32,316 shares of the real estate investment trust's stock worth $1,646,000 after acquiring an additional 13,965 shares during the period. Zacks Investment Management increased its holdings in shares of Gaming and Leisure Properties by 10.9% during the 3rd quarter. Zacks Investment Management now owns 522,197 shares of the real estate investment trust's stock worth $26,867,000 after acquiring an additional 51,398 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Gaming and Leisure Properties by 87.5% during the 3rd quarter. Cerity Partners LLC now owns 14,410 shares of the real estate investment trust's stock worth $741,000 after acquiring an additional 6,724 shares during the last quarter. Finally, Merit Financial Group LLC bought a new stake in Gaming and Leisure Properties in the 4th quarter valued at $526,000. Institutional investors own 91.14% of the company's stock.

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Insider Buying and Selling at Gaming and Leisure Properties

In other news, SVP Matthew Demchyk sold 1,149 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $47.80, for a total value of $54,922.20. Following the completion of the transaction, the senior vice president now directly owns 91,620 shares in the company, valued at approximately $4,379,436. This represents a 1.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director E Scott Urdang sold 5,000 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $49.72, for a total value of $248,600.00. Following the sale, the director now owns 145,953 shares in the company, valued at $7,256,783.16. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,222 shares of company stock worth $1,873,547 over the last quarter. Corporate insiders own 4.37% of the company's stock.

Gaming and Leisure Properties Price Performance

NASDAQ GLPI traded up $0.23 on Friday, hitting $50.15. 1,944,894 shares of the company's stock were exchanged, compared to its average volume of 1,191,406. The stock has a 50-day moving average of $48.25 and a 200-day moving average of $49.77. The stock has a market cap of $13.78 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 2.01 and a beta of 0.99. Gaming and Leisure Properties, Inc. has a 52 week low of $41.80 and a 52 week high of $52.60. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings data 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. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. The business had revenue of $389.62 million during the quarter, compared to the consensus estimate of $391.54 million. Analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 6.06%. The ex-dividend date of this dividend is Friday, March 14th. Gaming and Leisure Properties's payout ratio is 105.92%.

Analysts Set New Price Targets

GLPI has been the subject of a number of research analyst reports. Morgan Stanley cut shares of Gaming and Leisure Properties from an "overweight" rating to an "equal weight" rating and set a $53.00 price objective for the company. in a research report on Wednesday, January 15th. Mizuho reduced their target price on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a "neutral" rating for the company in a report on Thursday, November 14th. Stifel Nicolaus increased their price target on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a "buy" rating in a report on Tuesday, November 26th. Barclays began coverage on Gaming and Leisure Properties in a report on Tuesday, December 17th. They set an "equal weight" rating and a $54.53 price objective for the company. Finally, JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $49.00 to $54.00 in a research note on Friday, December 13th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $54.15.

About Gaming and Leisure Properties

Gaming & Leisure Properties, Inc engages in 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.