DigitalBridge Group Inc. Has $9.62 Million Stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

DigitalBridge Group Inc. cut its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 8.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 199,796 shares of the real estate investment trust's stock after selling 19,500 shares during the period. DigitalBridge Group Inc. owned about 0.07% of Gaming and Leisure Properties worth $9,622,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. EP Wealth Advisors LLC grew its holdings in shares of Gaming and Leisure Properties by 0.8% during the fourth quarter. EP Wealth Advisors LLC now owns 40,993 shares of the real estate investment trust's stock worth $1,974,000 after buying an additional 307 shares during the last quarter. Crestline Management LP lifted its position in shares of Gaming and Leisure Properties by 104.6% during the 4th quarter. Crestline Management LP now owns 49,533 shares of the real estate investment trust's stock valued at $2,386,000 after acquiring an additional 25,320 shares during the period. Cetera Investment Advisers raised its holdings in Gaming and Leisure Properties by 9.5% during the fourth quarter. Cetera Investment Advisers now owns 61,800 shares of the real estate investment trust's stock worth $2,976,000 after purchasing an additional 5,383 shares during the last quarter. Centiva Capital LP raised its stake in shares of Gaming and Leisure Properties by 46.7% during the 4th quarter. Centiva Capital LP now owns 11,588 shares of the real estate investment trust's stock worth $558,000 after buying an additional 3,687 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co acquired a new position in Gaming and Leisure Properties during the fourth quarter worth about $238,000. 91.14% of the stock is owned by institutional investors and hedge funds.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ:GLPI traded up $0.38 during trading on Friday, hitting $46.80. 1,214,694 shares of the company traded hands, compared to its average volume of 1,269,254. The stock has a market capitalization of $12.86 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 2.01 and a beta of 0.81. The business's fifty day moving average is $48.94 and its 200-day moving average is $49.06. 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, Inc. has a one year low of $42.86 and a one year high of $52.60.

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 EPS for the quarter, meeting the consensus estimate of $0.96. The company 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%. Gaming and Leisure Properties's revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.92 earnings per share. As a group, equities analysts predict 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 business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date of this dividend was Friday, March 14th. Gaming and Leisure Properties's dividend payout ratio is currently 108.19%.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,000 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $49.72, for a total value of $248,600.00. Following the transaction, the director now owns 145,953 shares of the company's stock, valued at approximately $7,256,783.16. This represents a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Matthew Demchyk sold 1,903 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now owns 41,298 shares of the company's stock, valued at $2,147,083.02. This trade represents a 4.40 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,842 shares of company stock valued at $1,153,961. 4.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GLPI. Wedbush set a $55.00 price target on Gaming and Leisure Properties 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. Royal Bank of Canada decreased their price objective on shares of Gaming and Leisure Properties from $56.00 to $54.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Scotiabank lowered their target price on Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating for the company in a research note on Thursday, January 16th. Finally, Morgan Stanley lowered shares of Gaming and Leisure Properties from an "overweight" rating to an "equal weight" rating and set a $53.00 price target for the company. in a report on Wednesday, January 15th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $54.70.

About Gaming and Leisure Properties

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.