TCW Group Inc. Sells 77,759 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

TCW Group Inc. lessened its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 53.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,923 shares of the real estate investment trust's stock after selling 77,759 shares during the quarter. TCW Group Inc.'s holdings in Gaming and Leisure Properties were worth $3,546,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of GLPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Gaming and Leisure Properties by 647.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,025,526 shares of the real estate investment trust's stock valued at $104,213,000 after acquiring an additional 1,754,370 shares during the period. Jennison Associates LLC lifted its stake in Gaming and Leisure Properties by 25.3% in the 3rd quarter. Jennison Associates LLC now owns 4,075,461 shares of the real estate investment trust's stock worth $209,682,000 after purchasing an additional 821,634 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Gaming and Leisure Properties by 6,162.9% in the 3rd quarter. Janus Henderson Group PLC now owns 812,981 shares of the real estate investment trust's stock valued at $41,820,000 after purchasing an additional 800,000 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Gaming and Leisure Properties during the 3rd quarter valued at $27,057,000. Finally, Barclays PLC increased its holdings in shares of Gaming and Leisure Properties by 129.1% in the third quarter. Barclays PLC now owns 896,831 shares of the real estate investment trust's stock worth $46,142,000 after purchasing an additional 505,382 shares during the period. Hedge funds and other institutional investors own 91.14% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on GLPI. StockNews.com lowered Gaming and Leisure Properties from a "buy" rating to a "hold" rating in a research note on Monday, October 28th. Wells Fargo & Company restated an "equal weight" rating and issued a $52.00 price objective (up from $51.00) on shares of Gaming and Leisure Properties in a research report on Tuesday, October 1st. Raymond James lifted their target price on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an "outperform" rating in a research report on Wednesday, August 21st. 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. Finally, Mizuho cut 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 research report on Thursday, November 14th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Gaming and Leisure Properties has an average rating of "Moderate Buy" and a consensus price target of $53.50.

Gaming and Leisure Properties Trading Down 0.0 %

GLPI stock traded down $0.01 during trading on Thursday, hitting $49.60. 815,396 shares of the company traded hands, compared to its average volume of 1,300,223. The company has a 50-day moving average of $50.50 and a 200-day moving average of $48.96. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year high of $52.60. The firm has a market capitalization of $13.61 billion, a PE ratio of 17.34, a P/E/G ratio of 2.14 and a beta of 0.98.

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

Gaming and Leisure Properties Dividend Announcement

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

Insider Buying and Selling

In related news, Director E Scott Urdang sold 3,000 shares of the firm's stock in a transaction 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 completion of the sale, the director now owns 146,800 shares of the company's stock, valued at $7,397,252. This trade represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.37% of the stock is owned by insiders.

Gaming and Leisure Properties Profile

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.