Nomura Asset Management Co. Ltd. Increases Stock Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Nomura Asset Management Co. Ltd. raised its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 3.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 428,856 shares of the real estate investment trust's stock after purchasing an additional 15,820 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.16% of Gaming and Leisure Properties worth $22,065,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. lifted its holdings in shares of Gaming and Leisure Properties by 2,547.6% in the 3rd quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 535 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Gaming and Leisure Properties in the second quarter valued at approximately $31,000. EdgeRock Capital LLC purchased a new stake in Gaming and Leisure Properties in the 2nd quarter worth approximately $33,000. Farther Finance Advisors LLC grew its stake in shares of Gaming and Leisure Properties by 142.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 384 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Gaming and Leisure Properties by 578.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 692 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 590 shares in the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 3,000 shares of the company's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $50.39, for a total value of $151,170.00. Following the transaction, the director now directly owns 146,800 shares in the company, valued at approximately $7,397,252. This represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 4.37% of the stock is currently owned by insiders.

Gaming and Leisure Properties Price Performance

NASDAQ GLPI traded down $0.13 during trading hours on Wednesday, hitting $49.61. 1,329,806 shares of the company's stock traded hands, compared to its average volume of 1,302,252. The company has a market capitalization of $13.61 billion, a PE ratio of 17.35, a PEG ratio of 2.14 and a beta of 0.98. 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 52-week low of $41.80 and a 52-week high of $52.60. The firm's 50-day moving average is $50.54 and its 200-day moving average is $48.96.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.25). Gaming and Leisure Properties had a net margin of 51.93% and a return on equity of 17.31%. The company had revenue of $385.34 million during the quarter, compared to analysts' expectations of $385.09 million. During the same quarter last year, the company earned $0.92 earnings per share. Gaming and Leisure Properties's revenue for the quarter was up 7.2% on a year-over-year basis. Equities analysts forecast that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.04 annualized dividend and a dividend yield of 6.13%. Gaming and Leisure Properties's payout ratio is 106.29%.

Analyst Ratings Changes

A number of analysts recently issued reports on GLPI shares. Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a "hold" rating to a "buy" rating and increased their price target for the stock from $49.00 to $54.00 in a report on Wednesday, November 20th. Wolfe Research upgraded Gaming and Leisure Properties from a "peer perform" rating to an "outperform" rating and set a $57.00 price target for the company in a research note on Friday, August 23rd. 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 Tuesday, October 29th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $52.00 target price (up from $51.00) on shares of Gaming and Leisure Properties in a research note on Tuesday, October 1st. Finally, Mizuho decreased their target price on 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. Five investment analysts have rated the stock with a hold rating and nine have assigned 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 $53.50.

About Gaming and Leisure Properties

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.