Robeco Institutional Asset Management B.V. Sells 78,844 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Robeco Institutional Asset Management B.V. reduced its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 67.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 37,775 shares of the real estate investment trust's stock after selling 78,844 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Gaming and Leisure Properties were worth $1,819,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLPI. Creative Planning increased its holdings in Gaming and Leisure Properties by 13.6% during the 2nd quarter. Creative Planning now owns 12,896 shares of the real estate investment trust's stock worth $583,000 after purchasing an additional 1,544 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Gaming and Leisure Properties by 74.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,411 shares of the real estate investment trust's stock worth $199,000 after purchasing an additional 1,886 shares in the last quarter. Cetera Investment Advisers increased its holdings in Gaming and Leisure Properties by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 54,803 shares of the real estate investment trust's stock worth $2,478,000 after purchasing an additional 299 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Gaming and Leisure Properties during the 2nd quarter worth approximately $779,000. Finally, Park Avenue Securities LLC increased its holdings in Gaming and Leisure Properties by 8.4% during the 3rd quarter. Park Avenue Securities LLC now owns 9,610 shares of the real estate investment trust's stock worth $494,000 after purchasing an additional 742 shares in the last quarter. 91.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, COO Brandon John Moore sold 3,982 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total transaction of $190,498.88. Following the completion of the transaction, the chief operating officer now directly owns 278,634 shares in the company, valued at $13,329,850.56. This trade represents a 1.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Matthew Demchyk sold 17,617 shares of the firm's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $49.40, for a total value of $870,279.80. Following the transaction, the senior vice president now owns 54,140 shares of the company's stock, 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. Over the last three months, insiders have sold 33,222 shares of company stock valued at $1,624,947. 4.37% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties Stock Up 0.3 %

GLPI traded up $0.14 on Tuesday, hitting $48.56. The company had a trading volume of 922,648 shares, compared to its average volume of 1,004,070. The stock has a fifty day simple moving average of $48.65 and a 200-day simple moving average of $49.79. Gaming and Leisure Properties, Inc. has a 52-week low of $41.80 and a 52-week high of $52.60. The firm has a market capitalization of $13.32 billion, a P/E ratio of 16.98, a P/E/G ratio of 1.97 and a beta of 0.99. 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 Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently issued reports on GLPI. JMP Securities reaffirmed a "market outperform" rating and issued a $55.00 target price on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Stifel Nicolaus increased their target price on Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Mizuho dropped their target price on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a "neutral" rating for the company in a report on Thursday, November 14th. Barclays initiated coverage on shares of Gaming and Leisure Properties in a report on Tuesday, December 17th. They set an "equal weight" rating and a $54.53 target price for the company. Finally, StockNews.com lowered shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating in a report on Monday, October 28th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $53.93.

Gaming and Leisure Properties Profile

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.