Robeco Institutional Asset Management B.V. Has $6 Million Stock Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Robeco Institutional Asset Management B.V. lifted its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 9.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 116,619 shares of the real estate investment trust's stock after purchasing an additional 10,332 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Gaming and Leisure Properties were worth $6,000,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. raised its position in Gaming and Leisure Properties by 27.4% in the first quarter. Russell Investments Group Ltd. now owns 309,882 shares of the real estate investment trust's stock valued at $14,276,000 after purchasing an additional 66,601 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Gaming and Leisure Properties during the 1st quarter worth about $2,396,000. Lasalle Investment Management Securities LLC increased its holdings in Gaming and Leisure Properties by 1.5% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 1,479,756 shares of the real estate investment trust's stock worth $68,172,000 after purchasing an additional 21,667 shares during the period. Manning & Napier Advisors LLC purchased a new stake in Gaming and Leisure Properties during the 2nd quarter worth about $3,165,000. Finally, Caxton Associates LP increased its holdings in Gaming and Leisure Properties by 72.5% during the 1st quarter. Caxton Associates LP now owns 24,282 shares of the real estate investment trust's stock worth $1,119,000 after purchasing an additional 10,209 shares during the period. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, COO Brandon John Moore sold 30,900 shares of the business's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $50.05, for a total value of $1,546,545.00. Following the completion of the sale, the chief operating officer now owns 208,977 shares of the company's stock, valued at $10,459,298.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, COO Brandon John Moore sold 30,900 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $50.05, for a total transaction of $1,546,545.00. Following the completion of the sale, the chief operating officer now owns 208,977 shares of the company's stock, valued at approximately $10,459,298.85. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director E Scott Urdang sold 5,605 shares of the company's stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $48.89, for a total transaction of $274,028.45. Following the sale, the director now directly owns 156,685 shares of the company's stock, valued at approximately $7,660,329.65. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 59,363 shares of company stock valued at $2,991,951 in the last three months. 4.37% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties Price Performance

Shares of Gaming and Leisure Properties stock traded up $0.37 during midday trading on Friday, reaching $49.76. The company had a trading volume of 765,061 shares, compared to its average volume of 1,318,451. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $13.65 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 2.18 and a beta of 0.99. The stock has a fifty day simple moving average of $51.04 and a 200 day simple moving average of $47.90. Gaming and Leisure Properties, Inc. has a 1-year low of $41.80 and a 1-year high of $52.60.

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

Gaming and Leisure Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.76 per share. The ex-dividend date was Friday, September 13th. This represents a $3.04 annualized dividend and a yield of 6.11%. Gaming and Leisure Properties's dividend payout ratio (DPR) is presently 106.29%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on GLPI shares. StockNews.com cut Gaming and Leisure Properties from a "buy" rating to a "hold" rating in a research report on Monday, October 28th. Wells Fargo & Company reissued an "equal weight" rating and issued a $52.00 target price (up from $51.00) on shares of Gaming and Leisure Properties in a research report on Tuesday, October 1st. Wolfe Research raised Gaming and Leisure Properties from a "peer perform" rating to an "outperform" rating and set a $57.00 price objective for the company in a research note on Friday, August 23rd. Scotiabank increased their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a "sector perform" rating in a research note on Tuesday, July 16th. Finally, Royal Bank of Canada increased their target price on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an "outperform" rating in a research note on Monday, July 29th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Gaming and Leisure Properties presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.18.

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.