Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Purchased by Ninety One UK Ltd

Ninety One UK Ltd raised its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 12.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,562,643 shares of the real estate investment trust's stock after purchasing an additional 167,531 shares during the period. Ninety One UK Ltd owned about 0.57% of Gaming and Leisure Properties worth $79,539,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. TD Private Client Wealth LLC increased its holdings in shares of Gaming and Leisure Properties by 64.2% in the 1st quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 213 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Gaming and Leisure Properties by 2.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 604,875 shares of the real estate investment trust's stock valued at $30,788,000 after acquiring an additional 16,617 shares during the period. Penserra Capital Management LLC increased its holdings in shares of Gaming and Leisure Properties by 21.0% in the 1st quarter. Penserra Capital Management LLC now owns 27,430 shares of the real estate investment trust's stock valued at $1,396,000 after acquiring an additional 4,761 shares during the period. Wayfinding Financial LLC purchased a new position in shares of Gaming and Leisure Properties in the 1st quarter valued at $33,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Gaming and Leisure Properties in the 1st quarter valued at $54,000. 91.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director E Scott Urdang sold 4,000 shares of the company's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $46.58, for a total value of $186,320.00. Following the sale, the director owned 136,953 shares in the company, valued at $6,379,270.74. This represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.26% of the company's stock.

Gaming and Leisure Properties Stock Performance

Gaming and Leisure Properties stock traded down $0.42 during trading hours on Friday, hitting $47.80. 1,507,466 shares of the stock traded hands, compared to its average volume of 1,352,827. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.12 and a quick ratio of 4.12. The firm's 50 day moving average price is $46.81 and its 200-day moving average price is $48.10. The stock has a market capitalization of $13.14 billion, a price-to-earnings ratio of 17.01, a P/E/G ratio of 3.34 and a beta of 0.72. Gaming and Leisure Properties, Inc. has a 1 year low of $44.48 and a 1 year high of $52.60.

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. The business had revenue of $395.24 million for the quarter, compared to the consensus estimate of $396.27 million. Gaming and Leisure Properties had a return on equity of 17.02% and a net margin of 50.41%. The company's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.92 EPS. As a group, equities analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 6.53%. The ex-dividend date was Friday, June 13th. This is an increase from Gaming and Leisure Properties's previous quarterly dividend of $0.76. Gaming and Leisure Properties's payout ratio is presently 111.03%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Barclays lifted their price target on Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an "equal weight" rating in a report on Tuesday, April 22nd. Wells Fargo & Company dropped their target price on Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Monday, June 2nd. Royal Bank Of Canada dropped their target price 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. Macquarie restated an "outperform" rating and set a $60.00 target price on shares of Gaming and Leisure Properties in a research note on Friday, April 25th. Finally, Mizuho dropped their target price on Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating on the stock in a research note on Monday, June 16th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.17.

Gaming and Leisure Properties 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.