MetLife Investment Management LLC Has $7.83 Million Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

MetLife Investment Management LLC boosted its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 8.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 162,489 shares of the real estate investment trust's stock after purchasing an additional 12,588 shares during the period. MetLife Investment Management LLC owned about 0.06% of Gaming and Leisure Properties worth $7,825,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Freedom Investment Management Inc. raised its position in shares of Gaming and Leisure Properties by 3.8% in the 4th quarter. Freedom Investment Management Inc. now owns 6,063 shares of the real estate investment trust's stock valued at $292,000 after purchasing an additional 222 shares in the last quarter. GAMMA Investing LLC raised its holdings in Gaming and Leisure Properties by 8.7% in 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 in the last quarter. Opal Wealth Advisors LLC boosted 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 valued at $245,000 after acquiring an additional 238 shares during the last quarter. Seeds Investor LLC grew its holdings in Gaming and Leisure Properties by 3.6% during the 4th quarter. Seeds Investor LLC now owns 7,350 shares of the real estate investment trust's stock worth $354,000 after acquiring an additional 254 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in 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 worth $2,691,000 after acquiring an additional 277 shares in the last quarter. Institutional investors and hedge funds own 91.14% of the company's stock.

Gaming and Leisure Properties Stock Performance

NASDAQ GLPI traded down $1.29 on Friday, hitting $47.74. The stock had a trading volume of 3,185,671 shares, compared to its average volume of 1,258,161. The company's 50-day moving average is $49.43 and its two-hundred day moving average is $49.33. Gaming and Leisure Properties, Inc. has a one year low of $42.20 and a one year high of $52.60. The stock has a market cap of $13.12 billion, a price-to-earnings ratio of 16.63, a P/E/G ratio of 2.01 and a beta of 0.72. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.96 earnings per share for the quarter, meeting analysts' consensus estimates of $0.96. The business had revenue of $395.24 million for the quarter, compared to analysts' expectations of $396.27 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. On average, analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.37%. The ex-dividend date was Friday, March 14th. Gaming and Leisure Properties's dividend payout ratio is presently 108.19%.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 1,138 shares of the firm's 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 directly owns 53,002 shares in the company, valued at approximately $2,673,950.90. This trade represents a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director E Scott Urdang sold 5,000 shares of the company'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 completion of the transaction, the director now owns 145,953 shares in the company, valued at approximately $7,256,783.16. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 40,459 shares of company stock valued at $2,024,241. 4.37% of the stock is owned by insiders.

Wall Street Analyst Weigh In

GLPI has been the topic of several research analyst reports. Scotiabank reduced their price target 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 report on Thursday, January 16th. Mizuho increased their target price on Gaming and Leisure Properties from $51.00 to $53.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Wells Fargo & Company lifted their target price on Gaming and Leisure Properties from $50.00 to $51.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. Morgan Stanley lowered Gaming and Leisure Properties from an "overweight" rating to an "equal weight" rating and set a $53.00 price target on the stock. in a research report on Wednesday, January 15th. Finally, Barclays lifted their price objective 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. Six investment 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.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $54.57.

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.