Asset Management One Co. Ltd. Buys 16,043 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Asset Management One Co. Ltd. lifted its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 2.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 591,741 shares of the real estate investment trust's stock after acquiring an additional 16,043 shares during the period. Asset Management One Co. Ltd. owned approximately 0.22% of Gaming and Leisure Properties worth $30,120,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in GLPI. Quarry LP boosted its holdings in Gaming and Leisure Properties by 52.5% during the fourth quarter. Quarry LP now owns 979 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 337 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Gaming and Leisure Properties by 149.8% during 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 last quarter. Grove Bank & Trust acquired a new position in Gaming and Leisure Properties during the first quarter worth $51,000. Park Square Financial Group LLC acquired a new position in Gaming and Leisure Properties during the fourth quarter worth $52,000. Finally, Parvin Asset Management LLC acquired a new position in Gaming and Leisure Properties during the fourth quarter worth $53,000. Institutional investors own 91.14% of the company's stock.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 4,000 shares of the company's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $46.58, for a total value of $186,320.00. Following the completion of the sale, the director now owns 136,953 shares in the company, valued at $6,379,270.74. This represents a 2.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.26% of the stock is currently owned by company insiders.

Gaming and Leisure Properties Stock Up 0.3%

Shares of NASDAQ GLPI opened at $47.33 on Wednesday. The company has a market capitalization of $13.01 billion, a P/E ratio of 16.84, a price-to-earnings-growth ratio of 3.27 and a beta of 0.72. Gaming and Leisure Properties, Inc. has a 52-week low of $43.44 and a 52-week high of $52.60. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.12 and a current ratio of 4.12. The company's 50 day moving average price is $47.09 and its 200-day moving average price is $48.21.

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

Gaming and Leisure Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 6.59%. The ex-dividend date is Friday, June 13th. This is a positive change from Gaming and Leisure Properties's previous quarterly dividend of $0.76. Gaming and Leisure Properties's payout ratio is 111.03%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wedbush set a $55.00 price target on shares of Gaming and Leisure Properties in a research note on Monday, April 28th. Barclays raised their target price on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 22nd. Scotiabank dropped their price objective on shares of Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating for the company in a research note on Monday, May 12th. Macquarie reiterated an "outperform" rating and issued a $60.00 price objective on shares of Gaming and Leisure Properties in a research note on Friday, April 25th. Finally, Wells Fargo & Company decreased their target price on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating on the stock in a report on Monday, June 2nd. 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, Gaming and Leisure Properties has an average rating of "Moderate Buy" and an average price target of $54.17.

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.

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