Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 427,584 shares of the real estate investment trust's stock after buying an additional 12,276 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.16% of Gaming and Leisure Properties worth $20,592,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in GLPI. Freedom Investment Management Inc. boosted its position in shares of Gaming and Leisure Properties by 3.8% in the fourth quarter. Freedom Investment Management Inc. now owns 6,063 shares of the real estate investment trust's stock worth $292,000 after acquiring an additional 222 shares during the last quarter. Opal Wealth Advisors LLC boosted its holdings in shares of Gaming and Leisure Properties by 4.9% in the 4th quarter. Opal Wealth Advisors LLC now owns 5,082 shares of the real estate investment trust's stock valued at $245,000 after purchasing an additional 238 shares during the last quarter. Seeds Investor LLC boosted its holdings in shares of Gaming and Leisure Properties by 3.6% in the 4th quarter. Seeds Investor LLC now owns 7,350 shares of the real estate investment trust's stock valued at $354,000 after purchasing an additional 254 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Gaming and Leisure Properties by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 55,881 shares of the real estate investment trust's stock valued at $2,691,000 after buying an additional 277 shares during the period. Finally, CKW Financial Group increased its holdings in shares of 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 buying an additional 300 shares during the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 5,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $50.89, for a total value of $254,450.00. Following the completion of the sale, the director now directly owns 140,953 shares of the company's stock, valued at $7,173,098.17. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Matthew Demchyk sold 1,138 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $50.45, for a total value of $57,412.10. Following the sale, the senior vice president now owns 53,002 shares in the company, valued at $2,673,950.90. The trade was a 2.10% 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 ninety days. 4.26% of the stock is owned by insiders.

Gaming and Leisure Properties Stock Down 0.6%

NASDAQ:GLPI traded down $0.28 on Tuesday, reaching $47.23. The stock had a trading volume of 179,390 shares, compared to its average volume of 1,363,299. Gaming and Leisure Properties, Inc. has a 12-month low of $42.86 and a 12-month high of $52.60. The stock has a market cap of $12.98 billion, a P/E ratio of 16.46, a price-to-earnings-growth ratio of 2.01 and a beta of 0.81. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. The company has a 50-day moving average of $48.51 and a 200 day moving average of $48.89.

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 EPS for the quarter, meeting 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 firm had revenue of $395.24 million during the quarter, compared to the consensus estimate of $396.27 million. During the same quarter in the prior year, the business posted $0.92 earnings per share. Gaming and Leisure Properties's revenue for the quarter was up 5.1% on a year-over-year basis. On average, research analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.78 dividend. The ex-dividend date is Friday, June 13th. This is a boost from Gaming and Leisure Properties's previous quarterly dividend of $0.76. This represents a $3.12 annualized dividend and a yield of 6.61%. Gaming and Leisure Properties's dividend payout ratio is currently 108.19%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GLPI. Scotiabank reduced 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 report on Monday, May 12th. Barclays raised their price objective 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. Mizuho boosted their target price on Gaming and Leisure Properties from $51.00 to $53.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Wedbush set a $55.00 target price on shares of Gaming and Leisure Properties in a research report on Monday, April 28th. Finally, Wells Fargo & Company lifted their price target on shares of Gaming and Leisure Properties from $50.00 to $51.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $54.63.

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.