BI Asset Management Fondsmaeglerselskab A S Raises Stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

BI Asset Management Fondsmaeglerselskab A S grew its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 61.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,251 shares of the real estate investment trust's stock after buying an additional 15,259 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Gaming and Leisure Properties were worth $1,938,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. US Bancorp DE lifted its holdings in shares of Gaming and Leisure Properties by 106.2% in the 4th quarter. US Bancorp DE now owns 44,745 shares of the real estate investment trust's stock worth $2,155,000 after acquiring an additional 23,050 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Gaming and Leisure Properties by 11.3% in the 4th 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 lifted its holdings in shares of Gaming and Leisure Properties by 1,786.5% in the 4th 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. acquired a new position in shares of Gaming and Leisure Properties in the 4th quarter worth approximately $49,188,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Gaming and Leisure Properties in the 4th quarter worth approximately $768,000. Hedge funds and other institutional investors own 91.14% of the company's stock.

Insider Activity at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 5,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $50.89, for a total value of $254,450.00. Following the transaction, the director now directly owns 140,953 shares of the company's stock, valued at $7,173,098.17. This trade represents a 3.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Matthew Demchyk sold 1,903 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $51.99, for a total transaction of $98,936.97. Following the transaction, the senior vice president now directly owns 41,298 shares in the company, valued at $2,147,083.02. The trade was a 4.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,459 shares of company stock valued at $2,024,241 in the last ninety days. Insiders own 4.37% of the company's stock.

Gaming and Leisure Properties Stock Down 2.6 %

Shares of GLPI traded down $1.29 during midday trading on Friday, reaching $47.74. The stock had a trading volume of 3,185,671 shares, compared to its average volume of 1,256,171. Gaming and Leisure Properties, Inc. has a 1-year low of $42.62 and a 1-year high of $52.60. The company's fifty day simple moving average is $49.43 and its two-hundred day simple moving average is $49.31. The company has a market cap of $13.12 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 2.01 and a beta of 0.72. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35.

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 earnings per share for the quarter, meeting analysts' consensus estimates of $0.96. The business had revenue of $395.24 million for the quarter, compared to analyst estimates of $396.27 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. Equities research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.37%. The ex-dividend date of this dividend was Friday, March 14th. Gaming and Leisure Properties's dividend payout ratio (DPR) is 108.19%.

Analysts Set New Price Targets

Several brokerages have recently commented on GLPI. Mizuho upped their price objective on shares of Gaming and Leisure Properties from $51.00 to $53.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Barclays upped their price objective on shares of 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. Macquarie reiterated an "outperform" rating and set a $60.00 target price on shares of Gaming and Leisure Properties in a report on Friday. Royal Bank of Canada reduced their target price on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. Finally, Scotiabank reduced their target price on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating on the stock in a report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Gaming and Leisure Properties presently has an average rating of "Moderate Buy" and a consensus target price of $54.57.

Gaming and Leisure Properties Company 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.