OMERS ADMINISTRATION Corp Reduces Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

OMERS ADMINISTRATION Corp cut its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 32.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,180 shares of the real estate investment trust's stock after selling 5,400 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Gaming and Leisure Properties were worth $538,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. US Bancorp DE raised its position in Gaming and Leisure Properties by 106.2% in the fourth quarter. US Bancorp DE now owns 44,745 shares of the real estate investment trust's stock valued at $2,155,000 after purchasing an additional 23,050 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Gaming and Leisure Properties by 11.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 24,560 shares of the real estate investment trust's stock worth $1,183,000 after acquiring an additional 2,498 shares during the last quarter. Aew Capital Management L P raised its position in shares of Gaming and Leisure Properties by 1,786.5% during the fourth quarter. Aew Capital Management L P now owns 761,600 shares of the real estate investment trust's stock worth $36,679,000 after acquiring an additional 721,230 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Gaming and Leisure Properties during the fourth quarter worth about $49,188,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Gaming and Leisure Properties during the fourth quarter worth about $768,000. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Stock Up 0.4%

Shares of NASDAQ:GLPI traded up $0.20 during mid-day trading on Friday, hitting $46.23. 1,183,446 shares of the company traded hands, compared to its average volume of 1,305,930. The stock has a market cap of $12.71 billion, a P/E ratio of 16.11, a P/E/G ratio of 2.01 and a beta of 0.81. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties, Inc. has a 12-month low of $42.86 and a 12-month high of $52.60. The stock has a 50-day moving average price of $48.22 and a two-hundred day moving average price of $48.80.

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

Gaming and Leisure Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given 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 is Friday, June 13th. This represents a $3.12 annualized dividend and a dividend yield of 6.75%. Gaming and Leisure Properties's payout ratio is presently 111.03%.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,000 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $49.72, for a total value of $248,600.00. Following the transaction, the director now owns 145,953 shares of the company's stock, valued at approximately $7,256,783.16. The trade was a 3.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Matthew Demchyk sold 3,382 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $50.48, for a total value of $170,723.36. Following the completion of the transaction, the senior vice president now directly owns 49,620 shares in the company, valued at approximately $2,504,817.60. This represents a 6.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,842 shares of company stock valued at $1,153,961 over the last 90 days. Insiders own 4.26% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on GLPI shares. 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. Wells Fargo & Company raised their price objective on Gaming and Leisure Properties from $50.00 to $51.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. Royal Bank of Canada lowered their price objective on 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. Macquarie reaffirmed 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, Barclays raised 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. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.63.

About Gaming and Leisure Properties

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.