Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Sold by TCW Group Inc.

TCW Group Inc. cut its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 65.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,812 shares of the real estate investment trust's stock after selling 45,111 shares during the quarter. TCW Group Inc.'s holdings in Gaming and Leisure Properties were worth $1,147,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Franklin Resources Inc. boosted its stake in Gaming and Leisure Properties by 7.8% during the third quarter. Franklin Resources Inc. now owns 12,259,224 shares of the real estate investment trust's stock worth $641,059,000 after buying an additional 889,698 shares during the period. State Street Corp boosted its position in shares of Gaming and Leisure Properties by 1.4% during the 3rd quarter. State Street Corp now owns 12,135,195 shares of the real estate investment trust's stock worth $624,356,000 after purchasing an additional 162,484 shares during the period. Geode Capital Management LLC boosted its position in shares of Gaming and Leisure Properties by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 6,080,860 shares of the real estate investment trust's stock worth $312,316,000 after purchasing an additional 161,689 shares during the period. Jennison Associates LLC increased its holdings in Gaming and Leisure Properties by 5.2% in the 4th quarter. Jennison Associates LLC now owns 4,287,118 shares of the real estate investment trust's stock valued at $206,468,000 after purchasing an additional 211,657 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Gaming and Leisure Properties by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,327,466 shares of the real estate investment trust's stock valued at $171,198,000 after purchasing an additional 96,028 shares during the period. 91.14% of the stock is owned by institutional investors and hedge funds.

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Gaming and Leisure Properties Stock Up 0.5 %

Gaming and Leisure Properties stock traded up $0.23 during midday trading on Friday, reaching $50.15. The company's stock had a trading volume of 1,944,894 shares, compared to its average volume of 1,191,406. The business has a 50-day simple moving average of $48.25 and a 200-day simple moving average of $49.77. The company has a market cap of $13.78 billion, a P/E ratio of 17.47, a P/E/G ratio of 2.01 and a beta of 0.99. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $52.60. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.01. The firm had revenue of $389.62 million during the quarter, compared to analysts' expectations of $391.54 million. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. On average, research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.76 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.04 annualized dividend and a yield of 6.06%. Gaming and Leisure Properties's dividend payout ratio (DPR) is 105.92%.

Analyst Ratings Changes

Several research firms have recently commented on GLPI. Mizuho lowered their price target on 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. Stifel Nicolaus raised their target price on Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a "buy" rating in a report on Tuesday, November 26th. Royal Bank of Canada cut their price target on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an "outperform" rating on the stock in a research note on Monday. Barclays assumed coverage on shares of Gaming and Leisure Properties in a research report on Tuesday, December 17th. They set an "equal weight" rating and a $54.53 price target on the stock. Finally, Scotiabank dropped their price objective on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating for the company in a report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $54.15.

Insider Activity at Gaming and Leisure Properties

In other 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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Brandon John Moore sold 3,982 shares of the company'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 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 sold a total of 38,222 shares of company stock worth $1,873,547 in the last 90 days. 4.37% of the stock is owned by insiders.

Gaming and Leisure Properties Company 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.