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

Asset Management One Co. Ltd. increased its stake in 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 firm owned 591,741 shares of the real estate investment trust's stock after purchasing an additional 16,043 shares during the quarter. Asset Management One Co. Ltd. owned about 0.22% of Gaming and Leisure Properties worth $30,120,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. US Bancorp DE lifted its holdings in Gaming and Leisure Properties by 106.2% in the fourth quarter. US Bancorp DE now owns 44,745 shares of the real estate investment trust's stock worth $2,155,000 after purchasing an additional 23,050 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in Gaming and Leisure Properties by 11.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 24,560 shares of the real estate investment trust's stock worth $1,183,000 after acquiring an additional 2,498 shares in the last quarter. Aew Capital Management L P raised its position in Gaming and Leisure Properties by 1,786.5% in the fourth quarter. Aew Capital Management L P now owns 761,600 shares of the real estate investment trust's stock worth $36,679,000 after acquiring an additional 721,230 shares in the last quarter. Toronto Dominion Bank raised its position in Gaming and Leisure Properties by 2.5% in the fourth quarter. Toronto Dominion Bank now owns 36,869 shares of the real estate investment trust's stock worth $1,776,000 after acquiring an additional 905 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Gaming and Leisure Properties in the fourth quarter worth about $49,188,000. Institutional investors and hedge funds own 91.14% of the company's stock.

Analyst Ratings Changes

GLPI has been the topic of several research reports. Royal Bank Of Canada dropped their price target on shares of Gaming and Leisure Properties from $56.00 to $54.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Mizuho dropped their price target on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating on the stock in a research report on Monday, June 16th. Barclays boosted their price objective on 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. Macquarie restated an "outperform" rating and set a $60.00 price objective on shares of Gaming and Leisure Properties in a report on Friday, April 25th. Finally, Wells Fargo & Company cut their price objective on 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 equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $54.17.

Insider Activity at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 4,000 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was 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 of the company's stock, valued at approximately $6,379,270.74. The trade was a 2.84% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 4.26% of the stock is currently owned by company insiders.

Gaming and Leisure Properties Stock Down 0.2%

Shares of GLPI traded down $0.07 during trading hours on Friday, reaching $46.38. The company's stock had a trading volume of 1,649,514 shares, compared to its average volume of 1,330,237. The firm has a market cap of $12.75 billion, a price-to-earnings ratio of 16.51, a P/E/G ratio of 3.21 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 company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 1.51. The company has a 50 day moving average of $46.92 and a two-hundred day moving average of $48.14.

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

Gaming and Leisure Properties Increases Dividend

The company also recently declared 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 boost 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 annualized dividend and a dividend yield of 6.73%. Gaming and Leisure Properties's payout ratio is presently 111.03%.

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.