Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Gaming and Leisure Properties by 3.0%, owning 401,073 shares valued at approximately $20.4 million by the end of Q1.
• The company declared a quarterly dividend of $0.78, marking an increase from the previous dividend of $0.76, with an annualized rate of $3.12 and a yield of 6.8%.
• Research analysts have varied opinions on the company, with price targets ranging from $48.00 to $55.00, leading to a consensus rating of "Moderate Buy" with a price target of $53.16.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 3.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 401,073 shares of the real estate investment trust's stock after acquiring an additional 11,593 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.15% of Gaming and Leisure Properties worth $20,415,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GLPI. Dodge & Cox boosted its stake in Gaming and Leisure Properties by 75.3% in the 4th quarter. Dodge & Cox now owns 13,498,634 shares of the real estate investment trust's stock worth $650,094,000 after purchasing an additional 5,797,299 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Gaming and Leisure Properties by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,293,551 shares of the real estate investment trust's stock worth $167,642,000 after purchasing an additional 10,092 shares during the period. Northern Trust Corp boosted its stake in Gaming and Leisure Properties by 48.2% in the 4th quarter. Northern Trust Corp now owns 2,873,006 shares of the real estate investment trust's stock worth $138,364,000 after purchasing an additional 933,842 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in Gaming and Leisure Properties by 5.9% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,717,787 shares of the real estate investment trust's stock worth $87,435,000 after purchasing an additional 96,060 shares during the period. Finally, Ninety One UK Ltd boosted its stake in Gaming and Leisure Properties by 12.0% in the 1st quarter. Ninety One UK Ltd now owns 1,562,643 shares of the real estate investment trust's stock worth $79,539,000 after purchasing an additional 167,531 shares during the period. Institutional investors own 91.14% of the company's stock.

Wall Street Analyst Weigh In

GLPI has been the subject of a number of research analyst reports. Wedbush set a $55.00 price target on Gaming and Leisure Properties in a research report on Monday, April 28th. Barclays lifted their price target on Gaming and Leisure Properties from $54.00 to $55.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Macquarie dropped their price target on Gaming and Leisure Properties from $60.00 to $59.00 and set an "outperform" rating for the company in a research report on Monday, July 28th. Wells Fargo & Company dropped their target price on Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating for the company in a research report on Monday, June 2nd. Finally, Scotiabank cut their target price on Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating for the company in a research note on Monday, May 12th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $53.16.

Gaming and Leisure Properties Trading Down 0.7%

Shares of NASDAQ GLPI traded down $0.31 during trading on Thursday, reaching $45.94. The stock had a trading volume of 797,725 shares, compared to its average volume of 1,452,836. The company has a market cap of $13.00 billion, a P/E ratio of 17.81, a PEG ratio of 9.97 and a beta of 0.71. The business's 50-day moving average price is $46.85 and its 200-day moving average price is $47.94. Gaming and Leisure Properties, Inc. has a fifty-two week low of $44.48 and a fifty-two week high of $52.60. 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 (NASDAQ:GLPI - Get Free Report) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.01). The firm had revenue of $394.90 million during the quarter, compared to analysts' expectations of $397.27 million. Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.94 earnings per share. On average, equities research analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total transaction of $139,620.00. Following the transaction, the director owned 133,953 shares of the company's stock, valued at $6,234,172.62. This represents a 2.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 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.