DigitalBridge Group Inc. Cuts Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

DigitalBridge Group Inc. reduced its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 8.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 199,796 shares of the real estate investment trust's stock after selling 19,500 shares during the period. DigitalBridge Group Inc. owned approximately 0.07% of Gaming and Leisure Properties worth $9,622,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in GLPI. Stonebridge Financial Group LLC bought a new position in Gaming and Leisure Properties during the fourth quarter valued at $31,000. CKW Financial Group grew its holdings in Gaming and Leisure Properties by 75.0% during the 4th quarter. CKW Financial Group now owns 700 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 300 shares during the last quarter. Quarry LP raised its position in Gaming and Leisure Properties by 52.5% in the 4th 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 period. Bessemer Group Inc. lifted its stake in shares of Gaming and Leisure Properties by 149.8% during the 4th quarter. Bessemer Group Inc. now owns 1,029 shares of the real estate investment trust's stock worth $49,000 after acquiring an additional 617 shares during the last quarter. Finally, Parvin Asset Management LLC purchased a new position in Gaming and Leisure Properties during the 4th quarter valued at $53,000. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ:GLPI traded down $0.03 on Thursday, hitting $46.25. 398,071 shares of the company were exchanged, compared to its average volume of 1,306,130. The firm has a market capitalization of $12.71 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 2.01 and a beta of 0.81. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties, Inc. has a 1-year low of $42.86 and a 1-year high of $52.60. The stock's 50 day moving average price is $47.96 and its 200 day moving average price is $48.73.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its quarterly earnings results 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. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. The business had revenue of $395.24 million for the quarter, compared to the consensus estimate of $396.27 million. During the same quarter in the previous year, the business earned $0.92 EPS. The company's quarterly revenue was up 5.1% compared to the same quarter last year. Sell-side analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 EPS 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 given a dividend of $0.78 per share. 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. This represents a $3.12 dividend on an annualized basis and a yield of 6.75%. Gaming and Leisure Properties's dividend payout ratio (DPR) is currently 111.03%.

Analyst Ratings Changes

Several analysts have recently weighed in on GLPI shares. 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. Mizuho boosted their price objective on shares of Gaming and Leisure Properties from $51.00 to $53.00 and gave the company a "neutral" rating in a research report on Thursday, April 3rd. Scotiabank dropped their target price on shares of Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating on the stock in a research note on Monday, May 12th. Wells Fargo & Company increased 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, Barclays increased 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 report on Tuesday, April 22nd. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.63.

Insider Buying and Selling at Gaming and Leisure Properties

In related news, SVP Matthew Demchyk sold 1,138 shares of the firm's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $50.45, for a total transaction of $57,412.10. Following the completion of the transaction, the senior vice president now owns 53,002 shares of the company's stock, valued at $2,673,950.90. This trade represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director E Scott Urdang sold 5,000 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $50.89, for a total transaction of $254,450.00. Following the completion of the sale, 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 17,842 shares of company stock worth $905,361. Company insiders own 4.26% of the company's stock.

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.