Fuller & Thaler Asset Management Inc. Grows Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Fuller & Thaler Asset Management Inc. increased its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 15.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 97,385 shares of the real estate investment trust's stock after acquiring an additional 13,387 shares during the period. Fuller & Thaler Asset Management Inc.'s holdings in Gaming and Leisure Properties were worth $4,690,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of GLPI. Dodge & Cox grew its holdings in Gaming and Leisure Properties by 75.3% during the fourth quarter. Dodge & Cox now owns 13,498,634 shares of the real estate investment trust's stock valued at $650,094,000 after purchasing an additional 5,797,299 shares during the period. Norges Bank bought a new stake in Gaming and Leisure Properties during the fourth quarter valued at about $176,123,000. Raymond James Financial Inc. bought a new stake in Gaming and Leisure Properties during the fourth quarter valued at about $49,188,000. Franklin Resources Inc. grew its holdings in Gaming and Leisure Properties by 7.8% during the third quarter. Franklin Resources Inc. now owns 12,259,224 shares of the real estate investment trust's stock valued at $641,059,000 after purchasing an additional 889,698 shares during the period. Finally, Aew Capital Management L P grew its holdings in 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 valued at $36,679,000 after purchasing an additional 721,230 shares during the period. Institutional investors own 91.14% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on GLPI shares. Mizuho upped their price objective on 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 note on Tuesday, April 22nd. Macquarie reaffirmed an "outperform" rating and issued a $60.00 price objective on shares of Gaming and Leisure Properties in a research note on Friday, April 25th. Royal Bank of Canada dropped 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 note on Monday. Finally, Wells Fargo & Company upped 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 note on Monday, March 10th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $54.70.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 1,138 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $50.45, for a total transaction of $57,412.10. Following the completion of the sale, the senior vice president now directly owns 53,002 shares of the company's stock, valued at approximately $2,673,950.90. This represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director E Scott Urdang sold 5,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $49.72, for a total transaction of $248,600.00. Following the sale, the director now directly 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 22,842 shares of company stock worth $1,153,961. 4.37% of the stock is currently owned by company insiders.

Gaming and Leisure Properties Trading Down 1.9 %

GLPI stock traded down $0.93 during midday trading on Thursday, reaching $46.93. 619,688 shares of the company traded hands, compared to its average volume of 1,263,776. Gaming and Leisure Properties, Inc. has a 52-week low of $42.62 and a 52-week high of $52.60. 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 business has a 50 day moving average of $49.35 and a 200-day moving average of $49.27. The firm has a market capitalization of $12.90 billion, a price-to-earnings ratio of 16.40, a P/E/G ratio of 2.01 and a beta of 0.72.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.96 earnings per share for the quarter, hitting the consensus estimate of $0.96. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. The firm had revenue of $395.24 million for the quarter, compared to the consensus estimate of $396.27 million. During the same period in the prior year, the business posted $0.92 earnings per share. The company's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, sell-side analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.76 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.04 annualized dividend and a dividend yield of 6.48%. Gaming and Leisure Properties's payout ratio is 108.19%.

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.