Allspring Global Investments Holdings LLC Has $260.44 Million Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Allspring Global Investments Holdings LLC increased its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 5.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,277,451 shares of the real estate investment trust's stock after acquiring an additional 275,026 shares during the quarter. Allspring Global Investments Holdings LLC owned about 1.98% of Gaming and Leisure Properties worth $260,442,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Gaming and Leisure Properties by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 37,572,599 shares of the real estate investment trust's stock valued at $1,711,432,000 after purchasing an additional 555,332 shares during the period. BlackRock Inc. boosted its stake in Gaming and Leisure Properties by 2.2% in the 1st quarter. BlackRock Inc. now owns 18,474,328 shares of the real estate investment trust's stock valued at $961,773,000 after purchasing an additional 393,420 shares during the period. Wellington Management Group LLP boosted its stake in Gaming and Leisure Properties by 13.6% in the 1st quarter. Wellington Management Group LLP now owns 10,515,906 shares of the real estate investment trust's stock valued at $493,511,000 after purchasing an additional 1,255,222 shares during the period. State Street Corp boosted its stake in Gaming and Leisure Properties by 2.4% in the 2nd quarter. State Street Corp now owns 9,183,942 shares of the real estate investment trust's stock valued at $445,054,000 after purchasing an additional 214,286 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Gaming and Leisure Properties by 15.7% in the 3rd quarter. Principal Financial Group Inc. now owns 8,771,108 shares of the real estate investment trust's stock valued at $399,523,000 after purchasing an additional 1,188,397 shares during the period. 91.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang acquired 2,500 shares of the company's stock in a transaction that occurred on Friday, March 1st. The stock was acquired at an average cost of $45.00 per share, for a total transaction of $112,500.00. Following the transaction, the director now directly owns 156,685 shares in the company, valued at $7,050,825. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.40% of the stock is owned by corporate insiders.

Gaming and Leisure Properties Price Performance

Shares of GLPI stock traded up $0.29 on Monday, hitting $45.45. 1,069,362 shares of the company's stock were exchanged, compared to its average volume of 1,445,302. The company has a debt-to-equity ratio of 1.48, a current ratio of 7.41 and a quick ratio of 7.41. Gaming and Leisure Properties, Inc. has a 12 month low of $43.54 and a 12 month high of $52.45. The stock has a market cap of $12.34 billion, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 5.64 and a beta of 0.94. The company has a 50 day moving average of $45.48 and a 200 day moving average of $46.14.

Gaming and Leisure Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.76 per share. This is an increase from Gaming and Leisure Properties's previous quarterly dividend of $0.73. This represents a $3.04 annualized dividend and a dividend yield of 6.69%. The ex-dividend date of this dividend was Thursday, March 14th. Gaming and Leisure Properties's dividend payout ratio is currently 109.75%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GLPI. StockNews.com upgraded Gaming and Leisure Properties from a "hold" rating to a "buy" rating in a research note on Thursday, February 29th. JMP Securities restated a "market outperform" rating and issued a $53.00 price target on shares of Gaming and Leisure Properties in a research note on Monday, March 4th. Mizuho reduced their price target on Gaming and Leisure Properties from $50.00 to $47.00 and set a "neutral" rating for the company in a research note on Thursday, March 7th. Morgan Stanley cut their target price on Gaming and Leisure Properties from $55.00 to $53.00 and set an "overweight" rating for the company in a research report on Thursday, March 21st. Finally, Royal Bank of Canada cut their target price on Gaming and Leisure Properties from $50.00 to $49.00 and set an "outperform" rating for the company in a research report on Thursday, February 29th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $52.09.

Gaming and Leisure Properties Company Profile

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.

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