Quantinno Capital Management LP Boosts Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Quantinno Capital Management LP lifted its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 87.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,900 shares of the real estate investment trust's stock after buying an additional 46,187 shares during the quarter. Quantinno Capital Management LP's holdings in Gaming and Leisure Properties were worth $4,763,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Dodge & Cox increased its holdings 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 acquiring an additional 5,797,299 shares in the last quarter. Norges Bank acquired a new stake in shares of Gaming and Leisure Properties in the fourth quarter valued at about $176,123,000. Raymond James Financial Inc. purchased a new stake in shares of Gaming and Leisure Properties during the fourth quarter worth about $49,188,000. Northern Trust Corp increased its stake in Gaming and Leisure Properties by 48.2% during 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 buying an additional 933,842 shares in the last quarter. Finally, Aew Capital Management L P increased its stake in Gaming and Leisure Properties by 1,786.5% during the 4th quarter. Aew Capital Management L P now owns 761,600 shares of the real estate investment trust's stock worth $36,679,000 after buying an additional 721,230 shares in the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Matthew Demchyk sold 1,138 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was 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 directly owns 53,002 shares in the company, valued at $2,673,950.90. This trade represents a 2.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director E Scott Urdang sold 5,000 shares of Gaming and Leisure Properties stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $50.89, for a total value of $254,450.00. Following the completion of the transaction, the director now directly owns 140,953 shares of the company's stock, valued at approximately $7,173,098.17. This represents a 3.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,842 shares of company stock valued at $1,153,961. 4.26% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on GLPI shares. Wells Fargo & Company lifted their target price on shares of Gaming and Leisure Properties from $50.00 to $51.00 and gave the stock an "equal weight" rating in a research note on Monday, March 10th. Mizuho upped 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 note on Thursday, April 3rd. Macquarie reiterated an "outperform" rating and issued a $60.00 price objective on shares of Gaming and Leisure Properties in a report on Friday, April 25th. Barclays boosted their target price on 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. Finally, Scotiabank dropped 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 research report on Monday, May 12th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Gaming and Leisure Properties currently has a consensus rating of "Moderate Buy" and an average price target of $54.63.

Gaming and Leisure Properties Trading Down 0.1%

GLPI traded down $0.06 during trading hours on Friday, reaching $45.97. The company's stock had a trading volume of 164,711 shares, compared to its average volume of 1,298,181. The stock has a market cap of $12.63 billion, a PE ratio of 16.03, a P/E/G 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 company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. The business's 50-day moving average is $48.31 and its 200-day moving average is $48.83.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.96. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. The business had revenue of $395.24 million for the quarter, compared to the consensus estimate of $396.27 million. During the same period in the previous year, the firm earned $0.92 EPS. The business's revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a $0.78 dividend. The ex-dividend date is Friday, June 13th. This is a boost from Gaming and Leisure Properties's previous quarterly dividend of $0.76. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.79%. 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.