US Bancorp DE Purchases 23,050 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

US Bancorp DE lifted its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 106.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,745 shares of the real estate investment trust's stock after purchasing an additional 23,050 shares during the quarter. US Bancorp DE's holdings in Gaming and Leisure Properties were worth $2,155,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Segall Bryant & Hamill LLC purchased a new position in Gaming and Leisure Properties during the 3rd quarter worth $693,000. Sanctuary Advisors LLC boosted its stake in shares of Gaming and Leisure Properties by 76.1% in the third quarter. Sanctuary Advisors LLC now owns 32,316 shares of the real estate investment trust's stock worth $1,646,000 after buying an additional 13,965 shares during the last quarter. QRG Capital Management Inc. raised its holdings in Gaming and Leisure Properties by 3.5% in the 4th quarter. QRG Capital Management Inc. now owns 152,426 shares of the real estate investment trust's stock worth $7,341,000 after purchasing an additional 5,127 shares during the period. Zacks Investment Management raised its holdings in Gaming and Leisure Properties by 10.9% in the 3rd quarter. Zacks Investment Management now owns 522,197 shares of the real estate investment trust's stock worth $26,867,000 after purchasing an additional 51,398 shares during the period. Finally, Cerity Partners LLC raised its holdings in Gaming and Leisure Properties by 87.5% in the 3rd quarter. Cerity Partners LLC now owns 14,410 shares of the real estate investment trust's stock worth $741,000 after purchasing an additional 6,724 shares during the period. Hedge funds and other institutional investors own 91.14% of the company's stock.

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Analyst Upgrades and Downgrades

GLPI has been the subject of several analyst reports. Stifel Nicolaus increased their price objective on Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Scotiabank reduced their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a "neutral" rating to an "overweight" rating and raised their price target for the company from $49.00 to $54.00 in a research note on Friday, December 13th. Mizuho cut their price target on Gaming and Leisure Properties from $52.00 to $51.00 and set a "neutral" rating on the stock in a research note on Thursday, November 14th. Finally, Morgan Stanley cut Gaming and Leisure Properties from an "overweight" rating to an "equal weight" rating and set a $53.00 target price on the stock. in a research report on Wednesday, January 15th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $54.04.

Insider Buying and Selling at Gaming and Leisure Properties

In related news, SVP Matthew Demchyk sold 1,149 shares of Gaming and Leisure Properties stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $47.80, for a total value of $54,922.20. Following the completion of the sale, the senior vice president now owns 91,620 shares of the company's stock, valued at approximately $4,379,436. The trade was a 1.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director E Scott Urdang sold 5,000 shares of Gaming and Leisure Properties stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $49.72, for a total transaction of $248,600.00. Following the completion of the sale, the director now directly owns 145,953 shares of the company's stock, valued at approximately $7,256,783.16. The trade was a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,161 shares of company stock valued at $2,425,521 in the last quarter. Company insiders own 4.37% of the company's stock.

Gaming and Leisure Properties Stock Performance

Shares of GLPI traded up $0.58 during mid-day trading on Friday, reaching $50.61. 2,344,373 shares of the company's stock traded hands, compared to its average volume of 1,187,841. Gaming and Leisure Properties, Inc. has a 12 month low of $41.80 and a 12 month high of $52.60. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. The stock has a market capitalization of $13.91 billion, a P/E ratio of 17.63, a price-to-earnings-growth ratio of 2.01 and a beta of 1.00. The business's 50-day moving average price is $48.53 and its 200-day moving average price is $49.80.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $389.62 million for the quarter, compared to analyst estimates of $391.54 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. Equities 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 announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date of this dividend is Friday, March 14th. Gaming and Leisure Properties's dividend payout ratio (DPR) is currently 105.92%.

About Gaming and Leisure Properties

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.