Achmea Investment Management B.V. Grows Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Achmea Investment Management B.V. boosted its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 33.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 319,239 shares of the real estate investment trust's stock after acquiring an additional 79,324 shares during the period. Achmea Investment Management B.V. owned about 0.12% of Gaming and Leisure Properties worth $16,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Pure Financial Advisors LLC boosted its position in Gaming and Leisure Properties by 2.6% during the first quarter. Pure Financial Advisors LLC now owns 8,676 shares of the real estate investment trust's stock valued at $442,000 after purchasing an additional 221 shares in the last quarter. Freedom Investment Management Inc. lifted its position in shares of Gaming and Leisure Properties by 3.8% during the fourth quarter. Freedom Investment Management Inc. now owns 6,063 shares of the real estate investment trust's stock valued at $292,000 after buying an additional 222 shares during the last quarter. Seeds Investor LLC lifted its position in shares of Gaming and Leisure Properties by 3.6% during the fourth quarter. Seeds Investor LLC now owns 7,350 shares of the real estate investment trust's stock valued at $354,000 after buying an additional 254 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Gaming and Leisure Properties by 0.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 55,881 shares of the real estate investment trust's stock valued at $2,691,000 after buying an additional 277 shares in the last quarter. Finally, EP Wealth Advisors LLC grew its position in shares of Gaming and Leisure Properties by 0.8% in the 4th quarter. EP Wealth Advisors LLC now owns 40,993 shares of the real estate investment trust's stock worth $1,974,000 after buying an additional 307 shares during the last quarter. Hedge funds and other institutional investors own 91.14% of the company's stock.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $46.58, for a total transaction of $186,320.00. Following the sale, the director owned 136,953 shares of the company's stock, valued at approximately $6,379,270.74. This trade represents a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.26% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

GLPI has been the subject of several recent analyst reports. Mizuho lowered their target price on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating for the company in a research note on Monday, June 16th. Scotiabank lowered their price objective on Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating for the company in a research report on Monday, May 12th. Barclays upped their target price on Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 22nd. Wells Fargo & Company decreased their price target on Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating for the company in a research note on Monday, June 2nd. Finally, Royal Bank Of Canada dropped their price target on Gaming and Leisure Properties from $56.00 to $54.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. 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 stock currently has an average rating of "Moderate Buy" and an average price target of $54.17.

Gaming and Leisure Properties Stock Up 0.6%

GLPI traded up $0.30 on Monday, hitting $46.68. 1,666,542 shares of the company were exchanged, compared to its average volume of 1,331,582. The firm has a 50-day moving average price of $46.87 and a two-hundred day moving average price of $48.10. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 1.51. Gaming and Leisure Properties, Inc. has a twelve month low of $43.81 and a twelve month high of $52.60. The company has a market cap of $12.83 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 3.21 and a beta of 0.72.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its earnings results on Thursday, April 24th. The real estate investment trust reported $0.96 EPS for the quarter, meeting the consensus estimate of $0.96. The firm had revenue of $395.24 million for the quarter, compared to analyst estimates of $396.27 million. Gaming and Leisure Properties had a return on equity of 17.02% and a net margin of 50.41%. 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 prior year, the company posted $0.92 earnings per share. On average, equities analysts predict 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 announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a dividend of $0.78 per share. This is a boost from Gaming and Leisure Properties's previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Friday, June 13th. This represents a $3.12 annualized dividend and a yield of 6.68%. 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.