Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Holdings Boosted by Sei Investments Co.

Sei Investments Co. lifted its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 67.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 908,161 shares of the real estate investment trust's stock after acquiring an additional 364,942 shares during the quarter. Sei Investments Co. owned 0.33% of Gaming and Leisure Properties worth $43,737,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Stonebridge Financial Group LLC purchased a new stake in shares of Gaming and Leisure Properties in the fourth quarter valued at about $31,000. CKW Financial Group lifted its stake in Gaming and Leisure Properties by 75.0% in the 4th quarter. CKW Financial Group now owns 700 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 300 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Gaming and Leisure Properties in the 3rd quarter valued at approximately $39,000. Wilmington Savings Fund Society FSB acquired a new stake in Gaming and Leisure Properties during the 3rd quarter valued at $66,000. Finally, UMB Bank n.a. increased its position in Gaming and Leisure Properties by 57.4% during the fourth quarter. UMB Bank n.a. now owns 1,368 shares of the real estate investment trust's stock worth $66,000 after buying an additional 499 shares in the last quarter. Institutional investors and hedge funds own 91.14% of the company's stock.

Gaming and Leisure Properties Stock Down 0.2 %

NASDAQ:GLPI traded down $0.09 on Friday, reaching $50.40. The stock had a trading volume of 887,396 shares, compared to its average volume of 1,221,534. The company has a 50-day moving average of $49.49 and a 200 day moving average of $49.73. 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 stock has a market cap of $13.85 billion, a P/E ratio of 17.56, a price-to-earnings-growth ratio of 2.01 and a beta of 1.00. Gaming and Leisure Properties, Inc. has a 12-month low of $41.80 and a 12-month high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $389.62 million during the quarter, compared to the consensus estimate of $391.54 million. On average, research analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.03%. Gaming and Leisure Properties's dividend payout ratio (DPR) is presently 105.92%.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 1,149 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $47.80, for a total transaction of $54,922.20. Following the sale, the senior vice president now owns 91,620 shares in the company, valued at $4,379,436. This represents a 1.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Brandon John Moore sold 3,982 shares of Gaming and Leisure Properties 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 transaction, the chief operating officer now owns 278,634 shares of the company's stock, valued at approximately $13,329,850.56. The trade was a 1.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,064 shares of company stock valued at $2,778,908 over the last ninety days. Corporate insiders own 4.37% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on GLPI shares. Royal Bank of Canada reduced their target price on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. JMP Securities reiterated a "market outperform" rating and issued a $55.00 price target on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Morgan Stanley cut Gaming and Leisure Properties from an "overweight" rating to an "equal weight" rating and set a $53.00 price objective on the stock. in a report on Wednesday, January 15th. JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a "neutral" rating to an "overweight" rating and upped their target price for the company from $49.00 to $54.00 in a research note on Friday, December 13th. Finally, Barclays decreased their price target on Gaming and Leisure Properties from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 4th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $53.96.

Gaming and Leisure Properties Profile

Gaming & Leisure Properties, Inc engages in the provision of 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.