Mubadala Investment Co PJSC Buys Shares of 49,765 Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Mubadala Investment Co PJSC purchased a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 49,765 shares of the real estate investment trust's stock, valued at approximately $2,397,000.

Several other hedge funds and other institutional investors have also bought and sold shares of GLPI. Stonebridge Financial Group LLC purchased a new position in shares of Gaming and Leisure Properties in the 4th quarter worth about $31,000. CKW Financial Group grew its holdings in Gaming and Leisure Properties by 75.0% during the fourth quarter. CKW Financial Group now owns 700 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 300 shares during the period. Quarry LP lifted its position in shares of Gaming and Leisure Properties by 52.5% during the 4th quarter. Quarry LP now owns 979 shares of the real estate investment trust's stock valued at $47,000 after buying an additional 337 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Gaming and Leisure Properties by 149.8% during the 4th quarter. Bessemer Group Inc. now owns 1,029 shares of the real estate investment trust's stock worth $49,000 after acquiring an additional 617 shares during the period. Finally, Parvin Asset Management LLC purchased a new stake in Gaming and Leisure Properties in the 4th quarter worth about $53,000. Hedge funds and other institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Trading Up 1.5%

GLPI stock traded up $0.72 during trading on Friday, hitting $47.61. 2,115,409 shares of the company traded hands, compared to its average volume of 1,293,670. The company has a 50-day moving average of $48.55 and a 200-day moving average of $48.91. 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 $42.86 and a 1 year high of $52.60. The firm has a market capitalization of $13.08 billion, a PE ratio of 16.59, a P/E/G ratio of 2.01 and a beta of 0.81.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.96. The business had revenue of $395.24 million for the quarter, compared to analyst estimates of $396.27 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. The company's revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 EPS. Analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.55%. This is an increase from Gaming and Leisure Properties's previous quarterly dividend of $0.76. Gaming and Leisure Properties's dividend payout ratio is currently 108.19%.

Insider Activity at Gaming and Leisure Properties

In other news, SVP Matthew Demchyk sold 1,903 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $51.99, for a total value of $98,936.97. Following the transaction, the senior vice president now owns 41,298 shares in the company, valued at approximately $2,147,083.02. This represents a 4.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director E Scott Urdang sold 5,000 shares of the stock in a transaction that occurred 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 sale, the director now owns 145,953 shares in the company, 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 a total of 22,842 shares of company stock worth $1,153,961 over the last quarter. 4.26% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

GLPI has been the subject of a number of research reports. Mizuho increased their target price on shares of Gaming and Leisure Properties from $51.00 to $53.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. Royal Bank of Canada dropped their price objective on Gaming and Leisure Properties from $56.00 to $54.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Wells Fargo & Company lifted their target price on Gaming and Leisure Properties from $50.00 to $51.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. Barclays increased their price target on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 22nd. Finally, Wedbush set a $55.00 target price on shares of Gaming and Leisure Properties in a report on Monday, April 28th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $54.63.

Gaming and Leisure Properties Company 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.