Intech Investment Management LLC Purchases New Stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Intech Investment Management LLC bought a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,525 shares of the real estate investment trust's stock, valued at approximately $507,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. US Bancorp DE grew its holdings in Gaming and Leisure Properties by 106.2% during the 4th quarter. US Bancorp DE now owns 44,745 shares of the real estate investment trust's stock worth $2,155,000 after acquiring an additional 23,050 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Gaming and Leisure Properties by 11.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 24,560 shares of the real estate investment trust's stock worth $1,183,000 after purchasing an additional 2,498 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new stake in Gaming and Leisure Properties during the third quarter valued at approximately $693,000. Aew Capital Management L P grew its stake in shares of Gaming and Leisure Properties by 1,786.5% during the fourth quarter. Aew Capital Management L P now owns 761,600 shares of the real estate investment trust's stock worth $36,679,000 after acquiring an additional 721,230 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Gaming and Leisure Properties during the fourth quarter valued at $49,188,000. 91.14% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, COO Brandon John Moore sold 3,982 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total value of $190,498.88. Following the sale, the chief operating officer now directly owns 278,634 shares in the company, valued at $13,329,850.56. The trade was a 1.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Matthew Demchyk sold 17,617 shares of Gaming and Leisure Properties stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $49.40, for a total transaction of $870,279.80. Following the completion of the transaction, the senior vice president now owns 54,140 shares in the company, valued at approximately $2,674,516. This trade represents a 24.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,064 shares of company stock valued at $2,778,908 over the last 90 days. 4.37% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on GLPI shares. JMP Securities reaffirmed a "market outperform" rating and set a $55.00 target price on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Barclays cut their target price on shares of Gaming and Leisure Properties from $55.00 to $53.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 4th. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a "neutral" rating to an "overweight" rating and increased their target price for the company from $49.00 to $54.00 in a report on Friday, December 13th. Scotiabank decreased 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 note on Thursday, January 16th. Finally, Royal Bank of Canada reduced their price objective on Gaming and Leisure Properties from $57.00 to $56.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $53.96.

Gaming and Leisure Properties Trading Down 0.2 %

Shares of NASDAQ GLPI traded down $0.09 during midday trading on Friday, hitting $50.40. The stock had a trading volume of 887,396 shares, compared to its average volume of 1,220,844. The company has a fifty day moving average price of $49.44 and a 200 day moving average price of $49.74. 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, Inc. has a 1-year low of $41.80 and a 1-year high of $52.60. The company has a market capitalization of $13.85 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 2.01 and a beta of 1.00.

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. The company had revenue of $389.62 million during the quarter, compared to analyst estimates of $391.54 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. On average, analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 6.03%. The ex-dividend date of this dividend is Friday, March 14th. Gaming and Leisure Properties's payout ratio is currently 105.92%.

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.