Voloridge Investment Management LLC Has $45.47 Million Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Voloridge Investment Management LLC trimmed its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 944,157 shares of the real estate investment trust's stock after selling 57,388 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.34% of Gaming and Leisure Properties worth $45,471,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Stonebridge Financial Group LLC acquired a new position in shares of Gaming and Leisure Properties during the fourth quarter worth $31,000. CKW Financial Group grew its position in Gaming and Leisure Properties by 75.0% during the 4th quarter. CKW Financial Group now owns 700 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 300 shares during the last quarter. Quarry LP grew its position 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. increased its holdings in 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 purchasing an additional 617 shares in the last quarter. Finally, Parvin Asset Management LLC bought a new position in Gaming and Leisure Properties in the fourth quarter valued at about $53,000. Institutional investors own 91.14% of the company's stock.

Analysts Set New Price Targets

GLPI has been the topic of several research reports. Barclays boosted their price target on Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 22nd. Scotiabank reduced their target price on shares of Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating on the stock in a report on Monday, May 12th. Royal Bank of Canada dropped their price target on shares of Gaming and Leisure Properties from $56.00 to $54.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Wells Fargo & Company lifted their price target on shares of Gaming and Leisure Properties from $50.00 to $51.00 and gave the stock an "equal weight" rating in a report on Monday, March 10th. Finally, Wedbush set a $55.00 price objective on Gaming and Leisure Properties in a 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 company's stock. According to data from MarketBeat.com, Gaming and Leisure Properties has a consensus rating of "Moderate Buy" and a consensus price target of $54.63.

Gaming and Leisure Properties Trading Up 0.4%

Shares of GLPI stock traded up $0.20 during mid-day trading on Monday, hitting $46.23. The company's stock had a trading volume of 1,183,446 shares, compared to its average volume of 1,305,930. The company has a market cap of $12.71 billion, a PE ratio of 16.11, a P/E/G ratio of 2.01 and a beta of 0.81. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. The company's fifty day simple moving average is $48.22 and its 200-day simple moving average is $48.79. Gaming and Leisure Properties, Inc. has a 52 week low of $42.86 and a 52 week high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its earnings results on Thursday, April 24th. The real estate investment trust reported $0.96 earnings per share for the quarter, hitting analysts' consensus estimates of $0.96. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. The business had revenue of $395.24 million during the quarter, compared to the consensus estimate of $396.27 million. During the same period in the previous year, the company posted $0.92 earnings per share. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities research analysts expect 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $3.12 annualized dividend and a dividend yield of 6.75%. This is a positive change from Gaming and Leisure Properties's previous quarterly dividend of $0.76. Gaming and Leisure Properties's payout ratio is currently 111.03%.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 1,903 shares of Gaming and Leisure Properties stock in a transaction on Monday, March 10th. The shares were sold at an average price of $51.99, for a total value of $98,936.97. Following the completion of the sale, the senior vice president now directly owns 41,298 shares of the company's stock, valued at approximately $2,147,083.02. The trade was a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director E Scott Urdang sold 5,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $50.89, for a total transaction of $254,450.00. Following the transaction, the director now directly owns 140,953 shares in the company, valued at $7,173,098.17. This trade represents a 3.43% 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 in the last quarter. 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.