OMERS ADMINISTRATION Corp Sells 5,400 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

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

A number of other large investors have also made changes to their positions in GLPI. Dodge & Cox raised its holdings in Gaming and Leisure Properties by 75.3% during the 4th quarter. Dodge & Cox now owns 13,498,634 shares of the real estate investment trust's stock worth $650,094,000 after buying an additional 5,797,299 shares during the period. Norges Bank acquired a new position in shares of Gaming and Leisure Properties in the fourth quarter valued at approximately $176,123,000. Raymond James Financial Inc. acquired a new position in shares of Gaming and Leisure Properties in the fourth quarter valued at approximately $49,188,000. Northern Trust Corp increased its position in shares of Gaming and Leisure Properties by 48.2% during the fourth quarter. Northern Trust Corp now owns 2,873,006 shares of the real estate investment trust's stock worth $138,364,000 after acquiring an additional 933,842 shares in the last quarter. Finally, Aew Capital Management L P raised its holdings 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 period. Institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Price Performance

NASDAQ:GLPI opened at $47.61 on Monday. The stock has a market capitalization of $13.08 billion, a PE ratio of 16.59, a P/E/G ratio of 2.01 and a beta of 0.81. Gaming and Leisure Properties, Inc. has a 1-year low of $42.86 and a 1-year high of $52.60. The firm has a fifty day simple moving average of $48.55 and a 200 day simple moving average of $48.90. 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 (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.96 EPS for the quarter, meeting analysts' consensus estimates of $0.96. The company had revenue of $395.24 million during the quarter, compared to the consensus estimate of $396.27 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. The company's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 EPS. On average, research 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 firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 6.55%. This is an increase from Gaming and Leisure Properties's previous quarterly dividend of $0.76. Gaming and Leisure Properties's payout ratio is 108.19%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Mizuho upped their target price on shares of Gaming and Leisure Properties from $51.00 to $53.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Barclays upped their price objective on Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 22nd. Royal Bank of Canada decreased their price objective on Gaming and Leisure Properties from $56.00 to $54.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Scotiabank cut their target price on Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating on the stock in a research note on Monday, May 12th. Finally, Macquarie reaffirmed an "outperform" rating and set a $60.00 price target on shares of Gaming and Leisure Properties in a research report on Friday, April 25th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Gaming and Leisure Properties has an average rating of "Moderate Buy" and an average target price of $54.63.

Insider Buying and Selling at Gaming and Leisure Properties

In related news, SVP Matthew Demchyk sold 6,419 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $50.45, for a total transaction of $323,838.55. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director E Scott Urdang sold 5,000 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $49.72, for a total value of $248,600.00. Following the completion of the sale, the director now owns 145,953 shares in the company, valued at approximately $7,256,783.16. This trade represents a 3.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,842 shares of company stock worth $1,153,961 over the last 90 days. Company insiders own 4.26% of the company's stock.

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.

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