Ninety One UK Ltd Buys 165,982 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Ninety One UK Ltd increased its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 13.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,395,112 shares of the real estate investment trust's stock after buying an additional 165,982 shares during the period. Ninety One UK Ltd owned about 0.51% of Gaming and Leisure Properties worth $67,189,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Franklin Resources Inc. increased its stake in shares of Gaming and Leisure Properties by 7.8% during the 3rd quarter. Franklin Resources Inc. now owns 12,259,224 shares of the real estate investment trust's stock worth $641,059,000 after purchasing an additional 889,698 shares during the last quarter. State Street Corp grew its holdings in Gaming and Leisure Properties by 1.4% during the third quarter. State Street Corp now owns 12,135,195 shares of the real estate investment trust's stock valued at $624,356,000 after purchasing an additional 162,484 shares during the period. Geode Capital Management LLC increased its position in Gaming and Leisure Properties by 2.7% in the third quarter. Geode Capital Management LLC now owns 6,080,860 shares of the real estate investment trust's stock worth $312,316,000 after buying an additional 161,689 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Gaming and Leisure Properties by 6.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,534,033 shares of the real estate investment trust's stock valued at $284,726,000 after buying an additional 341,492 shares during the period. Finally, Jennison Associates LLC lifted its position in shares of Gaming and Leisure Properties by 5.2% during the 4th quarter. Jennison Associates LLC now owns 4,287,118 shares of the real estate investment trust's stock valued at $206,468,000 after buying an additional 211,657 shares during the last quarter. Institutional investors own 91.14% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Barclays initiated coverage on Gaming and Leisure Properties in a research note on Tuesday, December 17th. They issued an "equal weight" rating and a $54.53 price objective on the stock. Mizuho lowered their price target on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a "neutral" rating on the stock in a research report on Thursday, November 14th. JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $49.00 to $54.00 in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a "hold" rating to a "buy" rating and boosted their target price for the company from $49.00 to $54.00 in a report on Wednesday, November 20th. Finally, StockNews.com lowered Gaming and Leisure Properties from a "buy" rating to a "hold" rating in a report on Monday, October 28th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $53.93.

Insider Activity at Gaming and Leisure Properties

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 stock was sold at an average price of $47.84, for a total value of $190,498.88. Following the completion of the sale, the chief operating officer now 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 filing with the SEC, which is available through the SEC website. Also, SVP Matthew Demchyk sold 17,617 shares of the stock in a transaction that occurred on 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. The trade was a 24.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,222 shares of company stock valued at $1,624,947 over the last 90 days. 4.37% of the stock is owned by insiders.

Gaming and Leisure Properties Price Performance

GLPI stock opened at $48.56 on Wednesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. Gaming and Leisure Properties, Inc. has a one year low of $41.80 and a one year high of $52.60. The stock has a market cap of $13.32 billion, a PE ratio of 16.98, a P/E/G ratio of 1.97 and a beta of 0.99. The firm has a 50 day simple moving average of $48.60 and a two-hundred day simple moving average of $49.79.

Gaming and Leisure Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.26%. The ex-dividend date was Friday, December 6th. Gaming and Leisure Properties's dividend payout ratio is currently 106.29%.

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.

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