Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 20.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,202 shares of the real estate investment trust's stock after selling 7,573 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Gaming and Leisure Properties were worth $1,537,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Alpine Bank Wealth Management bought a new position in shares of Gaming and Leisure Properties in the 1st quarter worth about $26,000. Quarry LP increased its stake in shares of Gaming and Leisure Properties by 52.5% in 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 in the last quarter. Grove Bank & Trust bought a new position in shares of Gaming and Leisure Properties in the 1st quarter worth about $51,000. Bessemer Group Inc. increased its stake in shares of Gaming and Leisure Properties by 149.8% in the 4th quarter. Bessemer Group Inc. now owns 1,029 shares of the real estate investment trust's stock worth $49,000 after acquiring an additional 617 shares in the last quarter. Finally, Park Square Financial Group LLC bought a new position in shares of Gaming and Leisure Properties in the 4th quarter worth about $52,000. 91.14% of the stock is owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Stock Performance

NASDAQ GLPI traded down $0.02 during trading hours on Friday, hitting $48.21. 985,581 shares of the company's stock traded hands, compared to its average volume of 1,342,846. The business's fifty day moving average price is $46.80 and its two-hundred day moving average price is $48.09. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $13.25 billion, a P/E ratio of 17.15, a P/E/G ratio of 3.34 and a beta of 0.72. Gaming and Leisure Properties, Inc. has a 52 week low of $44.45 and a 52 week high of $52.60.

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 during the quarter, compared to analyst estimates of $396.27 million. Gaming and Leisure Properties had a net margin of 50.41% and a return on equity of 17.02%. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 earnings per share. Equities research analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current 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 issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $3.12 annualized dividend and a yield of 6.47%. This is an increase from Gaming and Leisure Properties's previous quarterly dividend of $0.76. Gaming and Leisure Properties's payout ratio is currently 111.03%.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $46.58, for a total transaction of $186,320.00. Following the transaction, the director owned 136,953 shares of the company's stock, valued at $6,379,270.74. The trade was a 2.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.26% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GLPI shares. Mizuho decreased their target price on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating for the company in a report on Monday, June 16th. Macquarie reaffirmed an "outperform" rating and issued a $60.00 target price on shares of Gaming and Leisure Properties in a report on Friday, April 25th. Royal Bank Of Canada decreased their target price on shares of 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. Wells Fargo & Company decreased their target price on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating for the company in a report on Monday, June 2nd. Finally, Wedbush set a $55.00 target price on shares of Gaming and Leisure Properties in a report on Monday, April 28th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $54.17.

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.