Asset Management One Co. Ltd. Sells 17,848 Shares of Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Asset Management One Co. Ltd. sold 17,848 shares of Gaming and Leisure Properties, decreasing its position by 3.0%, bringing its total shares owned to 573,893.
• Multiple large investors have increased their stakes in Gaming and Leisure Properties, with notable increases from Invesco Ltd. and UBS AM, suggesting growing institutional interest in the REIT.
• Gaming and Leisure Properties announced a quarterly dividend of $0.78 per share, with a current annualized dividend value of $3.12, indicating a 7.0% dividend yield.

Asset Management One Co. Ltd. decreased its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 3.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 573,893 shares of the real estate investment trust's stock after selling 17,848 shares during the quarter. Asset Management One Co. Ltd. owned 0.20% of Gaming and Leisure Properties worth $26,789,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GLPI. Nuveen LLC acquired a new stake in Gaming and Leisure Properties during the first quarter worth about $151,723,000. Invesco Ltd. lifted its holdings in shares of Gaming and Leisure Properties by 127.7% in the first quarter. Invesco Ltd. now owns 4,512,234 shares of the real estate investment trust's stock worth $229,673,000 after acquiring an additional 2,530,463 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Gaming and Leisure Properties by 731.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,212,612 shares of the real estate investment trust's stock worth $112,622,000 after acquiring an additional 1,946,575 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Gaming and Leisure Properties in the second quarter worth about $39,689,000. Finally, Millennium Management LLC lifted its holdings in shares of Gaming and Leisure Properties by 294.6% in the first quarter. Millennium Management LLC now owns 966,925 shares of the real estate investment trust's stock worth $49,216,000 after acquiring an additional 721,861 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GLPI has been the subject of a number of research reports. Royal Bank Of Canada dropped their target price on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating for the company in a report on Monday, July 28th. Weiss Ratings reiterated a "hold (c)" rating on shares of Gaming and Leisure Properties in a report on Wednesday, October 8th. Stifel Nicolaus lowered shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 price objective for the company. in a report on Monday, July 21st. Macquarie dropped their price objective on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an "outperform" rating for the company in a report on Monday, July 28th. Finally, Barclays upgraded shares of Gaming and Leisure Properties from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $51.00 to $54.00 in a report on Monday. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $52.94.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $46.54, for a total transaction of $139,620.00. Following the completion of the sale, the director owned 133,953 shares of the company's stock, valued at $6,234,172.62. This trade represents a 2.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 4.26% of the stock is currently owned by company insiders.

Gaming and Leisure Properties Stock Down 0.5%

Gaming and Leisure Properties stock opened at $44.81 on Friday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 7.39 and a current ratio of 7.39. Gaming and Leisure Properties, Inc. has a 52-week low of $44.21 and a 52-week high of $52.27. The firm has a 50 day moving average price of $46.67 and a two-hundred day moving average price of $46.91. The firm has a market cap of $12.68 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 9.80 and a beta of 0.74.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.01). Gaming and Leisure Properties had a return on equity of 15.43% and a net margin of 46.32%.The firm had revenue of $394.90 million for the quarter, compared to the consensus estimate of $397.27 million. During the same quarter in the previous year, the business posted $0.94 EPS. The firm's revenue for the quarter was up 3.8% compared to the same quarter last year. Equities analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.12 annualized dividend and a dividend yield of 7.0%. Gaming and Leisure Properties's dividend payout ratio (DPR) is 120.93%.

Gaming and Leisure Properties 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.

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