QRG Capital Management Inc. Increases Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

QRG Capital Management Inc. boosted its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 152,426 shares of the real estate investment trust's stock after purchasing an additional 5,127 shares during the period. QRG Capital Management Inc. owned approximately 0.06% of Gaming and Leisure Properties worth $7,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Assetmark Inc. grew its holdings in shares of Gaming and Leisure Properties by 2,547.6% in the third quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 535 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in Gaming and Leisure Properties in the 4th quarter worth about $31,000. Farther Finance Advisors LLC increased its position in shares of Gaming and Leisure Properties by 142.2% during the third quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 384 shares during the period. CKW Financial Group raised its stake in shares of Gaming and Leisure Properties by 75.0% during the fourth quarter. CKW Financial Group now owns 700 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 300 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Gaming and Leisure Properties during the third quarter valued at approximately $39,000. Hedge funds and other institutional investors own 91.14% of the company's stock.

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Insider Buying and Selling

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 3,382 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $50.48, for a total transaction of $170,723.36. Following the completion of the transaction, the senior vice president now owns 49,620 shares of the company's stock, valued at $2,504,817.60. This represents a 6.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Brandon John Moore sold 3,982 shares of the stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 278,634 shares of the company's stock, valued at approximately $13,329,850.56. This represents a 1.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,742 shares of company stock valued at $2,101,682. Corporate insiders own 4.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on GLPI. JPMorgan Chase & Co. upgraded 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. Scotiabank cut their price target 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. Morgan Stanley downgraded 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 report on Wednesday, January 15th. JMP Securities reaffirmed a "market outperform" rating and set a $55.00 price objective on shares of Gaming and Leisure Properties in a research report on Wednesday, December 18th. Finally, Royal Bank of Canada cut their target price on 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. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.04.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ:GLPI traded up $0.21 on Tuesday, hitting $50.07. 837,235 shares of the company were exchanged, compared to its average volume of 1,183,415. The firm has a market capitalization of $13.76 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99. 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 stock's 50 day moving average price is $48.36 and its 200 day moving average price is $49.79.

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

Gaming and Leisure Properties Dividend Announcement

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

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.