Quantinno Capital Management LP Buys 46,187 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Quantinno Capital Management LP boosted its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 87.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 hedge funds have also recently bought and sold shares of the company. Stonebridge Financial Group LLC acquired a new position in shares of Gaming and Leisure Properties during the fourth quarter valued at $31,000. CKW Financial Group increased its stake in shares of Gaming and Leisure Properties by 75.0% in the 4th quarter. CKW Financial Group now owns 700 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 300 shares during the last quarter. Quarry LP boosted its stake in Gaming and Leisure Properties by 52.5% during the 4th quarter. Quarry LP now owns 979 shares of the real estate investment trust's stock worth $47,000 after acquiring an additional 337 shares during the last quarter. Bessemer Group Inc. grew its holdings in Gaming and Leisure Properties by 149.8% during the fourth quarter. Bessemer Group Inc. now owns 1,029 shares of the real estate investment trust's stock valued at $49,000 after purchasing an additional 617 shares during the period. Finally, Parvin Asset Management LLC acquired a new position in Gaming and Leisure Properties during the fourth quarter valued at approximately $53,000. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Stock Down 1.9%

GLPI stock traded down $0.92 during mid-day trading on Wednesday, reaching $46.38. The company had a trading volume of 2,012,446 shares, compared to its average volume of 1,296,777. The company has a market capitalization of $12.75 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 2.01 and a beta of 0.81. Gaming and Leisure Properties, Inc. has a 52 week low of $42.86 and a 52 week high of $52.60. The stock has a 50 day simple moving average of $48.46 and a two-hundred day simple moving average of $48.88. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its 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. The business had revenue of $395.24 million during the quarter, compared to analysts' expectations of $396.27 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. The firm's revenue was up 5.1% on a year-over-year basis. During the same period last year, the business earned $0.92 earnings per share. As a group, equities 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 firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $3.12 dividend on an annualized basis and a yield of 6.73%. This is a boost from Gaming and Leisure Properties's previous quarterly dividend of $0.76. Gaming and Leisure Properties's dividend payout ratio (DPR) is presently 111.03%.

Analyst Upgrades and Downgrades

GLPI has been the subject of several research analyst reports. Macquarie reissued an "outperform" rating and issued a $60.00 price target on shares of Gaming and Leisure Properties in a report on Friday, April 25th. Wells Fargo & Company lifted their price objective on Gaming and Leisure Properties from $50.00 to $51.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. Barclays increased their target price on Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 22nd. Wedbush set a $55.00 price target on shares of Gaming and Leisure Properties in a research note on Monday, April 28th. Finally, Royal Bank of Canada lowered their price objective on shares of 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. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock 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 firm's stock in a transaction dated 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 owns 140,953 shares in the company, valued at approximately $7,173,098.17. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Matthew Demchyk sold 6,419 shares of Gaming and Leisure Properties stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $50.45, for a total value of $323,838.55. Following the sale, the senior vice president now directly owns 43,201 shares of the company's stock, valued at approximately $2,179,490.45. The trade was a 12.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,842 shares of company stock valued at $1,153,961 over the last three months. 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.