Legal & General Group Plc Has $89.58 Million Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Legal & General Group Plc lowered its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 21.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,859,965 shares of the real estate investment trust's stock after selling 504,449 shares during the quarter. Legal & General Group Plc owned approximately 0.68% of Gaming and Leisure Properties worth $89,576,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC acquired a new position in shares of Gaming and Leisure Properties during the fourth quarter valued at $31,000. CKW Financial Group boosted its stake in 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 valued at $34,000 after purchasing an additional 300 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Gaming and Leisure Properties in the 3rd quarter worth about $66,000. UMB Bank n.a. raised its holdings in shares of 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 valued at $66,000 after buying an additional 499 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Gaming and Leisure Properties by 59.7% in the 4th quarter. Venturi Wealth Management LLC now owns 1,730 shares of the real estate investment trust's stock worth $83,000 after buying an additional 647 shares in the last quarter. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Stock Up 2.0 %

GLPI stock traded up $1.00 during mid-day trading on Thursday, hitting $50.06. The stock had a trading volume of 230,437 shares, compared to its average volume of 1,239,449. The stock has a market capitalization of $13.76 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 2.01 and a beta of 0.72. 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 1-year low of $41.80 and a 1-year high of $52.60. The company has a fifty day moving average of $49.39 and a 200 day moving average of $49.43.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.94 by $0.01. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. The firm had revenue of $389.62 million during the quarter, compared to analysts' expectations of $391.54 million. On average, equities analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.76 per share. The ex-dividend date was Friday, March 14th. This represents a $3.04 annualized dividend and a yield of 6.07%. Gaming and Leisure Properties's dividend payout ratio (DPR) is presently 105.92%.

Analyst Ratings Changes

A number of brokerages have issued reports on GLPI. JMP Securities reiterated a "market outperform" rating and set a $55.00 price target on shares of Gaming and Leisure Properties in a research report on Wednesday, December 18th. Royal Bank of Canada lowered their target price on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. Scotiabank decreased their price objective on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating for the company in a report on Thursday, January 16th. Mizuho upped their target price on Gaming and Leisure Properties from $51.00 to $53.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. Finally, Wells Fargo & Company boosted their price objective on 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. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.11.

Insider Transactions at Gaming and Leisure Properties

In other news, SVP Matthew Demchyk sold 1,138 shares of Gaming and Leisure Properties stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $50.45, for a total value of $57,412.10. Following the transaction, the senior vice president now directly owns 53,002 shares in the company, valued at approximately $2,673,950.90. The trade was a 2.10 % 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, Director E Scott Urdang sold 5,000 shares of the firm'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 completion of the sale, the director now directly owns 140,953 shares in the company, valued at $7,173,098.17. This trade represents a 3.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,933 shares of company stock worth $2,533,487. 4.37% of the stock is owned by insiders.

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.