Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Sold by DigitalBridge Group Inc.

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

Other hedge funds have also made changes to their positions in the company. Dodge & Cox grew its stake in Gaming and Leisure Properties by 75.3% during the 4th quarter. Dodge & Cox now owns 13,498,634 shares of the real estate investment trust's stock worth $650,094,000 after buying an additional 5,797,299 shares during the last quarter. Franklin Resources Inc. grew its stake in Gaming and Leisure Properties by 4.7% during the 4th quarter. Franklin Resources Inc. now owns 12,830,944 shares of the real estate investment trust's stock worth $617,938,000 after buying an additional 571,720 shares during the last quarter. Geode Capital Management LLC grew its stake in Gaming and Leisure Properties by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 6,245,884 shares of the real estate investment trust's stock worth $300,395,000 after buying an additional 165,024 shares during the last quarter. Jennison Associates LLC grew its stake in Gaming and Leisure Properties by 5.2% during the 4th quarter. Jennison Associates LLC now owns 4,287,118 shares of the real estate investment trust's stock worth $206,468,000 after buying an additional 211,657 shares during the last quarter. Finally, Norges Bank purchased a new position in Gaming and Leisure Properties during the 4th quarter worth approximately $176,123,000. Hedge funds and other institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Stock Down 0.3%

Shares of NASDAQ:GLPI traded down $0.16 during trading on Wednesday, hitting $46.28. The company's stock had a trading volume of 1,645,990 shares, compared to its average volume of 1,391,173. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. The company has a market capitalization of $12.72 billion, a PE ratio of 16.13, a PEG ratio of 2.01 and a beta of 0.81. Gaming and Leisure Properties, Inc. has a fifty-two week low of $42.86 and a fifty-two week high of $52.60. The stock's 50-day moving average price is $48.03 and its two-hundred day moving average price is $48.75.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced 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 firm had revenue of $395.24 million during the quarter, compared to analyst estimates of $396.27 million. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. Gaming and Leisure Properties's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 earnings per share. As a group, sell-side analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.78 dividend. This is a positive change from Gaming and Leisure Properties's previous quarterly dividend of $0.76. This represents a $3.12 annualized dividend and a yield of 6.74%. The ex-dividend date is Friday, June 13th. Gaming and Leisure Properties's payout ratio is currently 111.03%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Mizuho raised their price target on Gaming and Leisure Properties from $51.00 to $53.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. 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. Scotiabank reduced their price target on Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating for the company in a report on Monday, May 12th. Wells Fargo & Company raised their price target on Gaming and Leisure Properties from $50.00 to $51.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. Finally, Wedbush set a $55.00 price objective on Gaming and Leisure Properties in a research report on Monday, April 28th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $54.63.

Insider Activity

In other news, Director E Scott Urdang sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $50.89, for a total transaction of $254,450.00. Following the completion of the transaction, the director now directly owns 140,953 shares in the company, valued at approximately $7,173,098.17. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Matthew Demchyk sold 1,903 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $51.99, for a total value of $98,936.97. Following the transaction, the senior vice president now owns 41,298 shares of the company's stock, valued at approximately $2,147,083.02. This represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,842 shares of company stock valued at $905,361. 4.26% of the stock is currently owned by insiders.

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.