Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 0.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,503,071 shares of the real estate investment trust's stock after selling 24,383 shares during the period. Allspring Global Investments Holdings LLC owned about 2.00% of Gaming and Leisure Properties worth $279,446,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLPI. Alpine Bank Wealth Management purchased a new stake in Gaming and Leisure Properties in the first quarter valued at approximately $26,000. Quarry LP increased its position in 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 purchasing an additional 337 shares during the period. Bessemer Group Inc. grew its stake in Gaming and Leisure Properties by 149.8% in the fourth quarter. Bessemer Group Inc. now owns 1,029 shares of the real estate investment trust's stock worth $49,000 after purchasing an additional 617 shares during the period. Grove Bank & Trust purchased a new stake in shares of Gaming and Leisure Properties in the 1st quarter worth approximately $51,000. Finally, Park Square Financial Group LLC purchased a new stake in shares of Gaming and Leisure Properties during the fourth quarter valued at approximately $52,000. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Stock Down 0.2%

Shares of NASDAQ GLPI traded down $0.07 during mid-day trading on Friday, reaching $46.38. 1,649,514 shares of the company were exchanged, compared to its average volume of 1,332,426. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 1.51. The stock has a market cap of $12.75 billion, a price-to-earnings ratio of 16.51, a P/E/G ratio of 3.22 and a beta of 0.72. Gaming and Leisure Properties, Inc. has a 1 year low of $43.81 and a 1 year high of $52.60. The firm has a 50-day moving average of $46.92 and a 200 day moving average of $48.15.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its earnings results on Thursday, April 24th. The real estate investment trust reported $0.96 EPS for the quarter, meeting analysts' consensus estimates of $0.96. Gaming and Leisure Properties had a net margin of 50.41% and a return on equity of 17.02%. The company had revenue of $395.24 million during the quarter, compared to analysts' expectations of $396.27 million. During the same quarter in the prior year, the company posted $0.92 earnings per share. Gaming and Leisure Properties's revenue for the quarter was up 5.1% compared to the same quarter last year. On average, research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a $0.78 dividend. This is a positive change from Gaming and Leisure Properties's previous quarterly dividend of $0.76. The ex-dividend date was Friday, June 13th. This represents a $3.12 dividend on an annualized basis and a yield of 6.73%. Gaming and Leisure Properties's dividend payout ratio (DPR) is 111.03%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Barclays upped their price objective on Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 22nd. Scotiabank lowered their price target on Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating on the stock in a report on Monday, May 12th. Macquarie reaffirmed an "outperform" rating and set a $60.00 price objective on shares of Gaming and Leisure Properties in a research report on Friday, April 25th. Royal Bank Of Canada decreased their target price on Gaming and Leisure Properties from $56.00 to $54.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Finally, Wedbush set a $55.00 price target on shares of Gaming and Leisure Properties in a report on Monday, April 28th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Gaming and Leisure Properties has an average rating of "Moderate Buy" and a consensus target price of $54.17.

Insiders Place Their Bets

In other news, Director E Scott Urdang sold 4,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $46.58, for a total transaction of $186,320.00. Following the completion of the transaction, the director now directly owns 136,953 shares of the company's stock, valued at $6,379,270.74. The trade was a 2.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.26% of the stock is currently owned by insiders.

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.