Lasalle Investment Management Securities LLC Has $66.96 Million Stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Lasalle Investment Management Securities LLC cut its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 12.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,390,429 shares of the real estate investment trust's stock after selling 197,750 shares during the quarter. Gaming and Leisure Properties accounts for 2.8% of Lasalle Investment Management Securities LLC's holdings, making the stock its 16th largest position. Lasalle Investment Management Securities LLC owned 0.51% of Gaming and Leisure Properties worth $66,963,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GLPI. Stonebridge Financial Group LLC acquired a new stake in Gaming and Leisure Properties during the fourth quarter worth about $31,000. CKW Financial Group boosted its position in shares of Gaming and Leisure Properties by 75.0% during the 4th quarter. CKW Financial Group now owns 700 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 300 shares in the last quarter. Bessemer Group Inc. increased its stake in Gaming and Leisure Properties by 149.8% in the fourth quarter. Bessemer Group Inc. now owns 1,029 shares of the real estate investment trust's stock valued at $49,000 after acquiring an additional 617 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Gaming and Leisure Properties during the third quarter valued at approximately $66,000. Finally, UMB Bank n.a. lifted its stake in Gaming and Leisure Properties by 57.4% during the fourth quarter. UMB Bank n.a. now owns 1,368 shares of the real estate investment trust's stock worth $66,000 after purchasing an additional 499 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,000 shares of Gaming and Leisure Properties stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $49.72, for a total value of $248,600.00. Following the completion of the sale, the director now directly owns 145,953 shares of the company's stock, valued at approximately $7,256,783.16. The trade was a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Matthew Demchyk sold 17,617 shares of the company's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.40, for a total transaction of $870,279.80. Following the transaction, the senior vice president now owns 54,140 shares in the company, valued at $2,674,516. This represents a 24.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,459 shares of company stock worth $2,024,241 in the last 90 days. Corporate insiders own 4.37% of the company's stock.

Analysts Set New Price Targets

GLPI has been the topic of several research analyst reports. Scotiabank reduced their price objective on 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. Mizuho lifted their price target 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 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 note on Wednesday, January 15th. Wells Fargo & Company boosted their target price on shares of Gaming and Leisure Properties from $50.00 to $51.00 and gave the stock an "equal weight" rating in a research note on Monday, March 10th. Finally, Royal Bank of Canada lowered their price target on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an "outperform" rating for the company in a report on Monday, February 24th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $54.18.

Gaming and Leisure Properties Trading Down 1.1 %

GLPI stock traded down $0.53 during trading on Thursday, hitting $49.03. The company had a trading volume of 1,289,974 shares, compared to its average volume of 1,248,590. 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, Inc. has a one year low of $42.20 and a one year high of $52.60. The business has a 50-day moving average of $49.44 and a 200-day moving average of $49.37. The stock has a market cap of $13.48 billion, a PE ratio of 17.08, a PEG ratio of 2.01 and a beta of 0.72.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.96 earnings per share for the quarter, hitting the consensus estimate of $0.96. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. Research analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.04 annualized dividend and a dividend yield of 6.20%. Gaming and Leisure Properties's payout ratio is 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.