Nuveen Asset Management LLC Has $141.43 Million Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Nuveen Asset Management LLC cut its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,936,572 shares of the real estate investment trust's stock after selling 124,014 shares during the period. Nuveen Asset Management LLC owned approximately 1.07% of Gaming and Leisure Properties worth $141,425,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Stonebridge Financial Group LLC bought a new stake in shares of Gaming and Leisure Properties during the 4th quarter worth about $31,000. CKW Financial Group increased its stake in shares of Gaming and Leisure Properties by 75.0% during the fourth quarter. CKW Financial Group now owns 700 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 300 shares during the period. Quarry LP raised its holdings in Gaming and Leisure Properties by 52.5% during the fourth quarter. Quarry LP now owns 979 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 337 shares in the last quarter. Bessemer Group Inc. lifted its position in Gaming and Leisure Properties by 149.8% in the fourth 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 during the period. Finally, Parvin Asset Management LLC bought a new position in Gaming and Leisure Properties during the 4th quarter valued at $53,000. 91.14% of the stock is owned by institutional investors.

Insider Transactions at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 5,000 shares of Gaming and Leisure Properties stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $50.89, for a total transaction of $254,450.00. Following the completion of the sale, the director now owns 140,953 shares of the company's stock, valued at approximately $7,173,098.17. This trade represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Matthew Demchyk sold 1,138 shares of the business's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $50.45, for a total value of $57,412.10. Following the completion of the transaction, the senior vice president now owns 53,002 shares in the company, valued at $2,673,950.90. This trade represents a 2.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,842 shares of company stock valued at $1,153,961 over the last three months. 4.26% of the stock is owned by corporate insiders.

Gaming and Leisure Properties Stock Down 0.6%

NASDAQ:GLPI traded down $0.26 during trading hours on Thursday, hitting $46.12. 427,268 shares of the stock traded hands, compared to its average volume of 1,295,204. The firm has a 50 day moving average price of $48.40 and a 200 day moving average price of $48.86. The firm has a market cap of $12.68 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 2.01 and a beta of 0.81. Gaming and Leisure Properties, Inc. has a fifty-two week low of $42.86 and a fifty-two week high of $52.60. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62.

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, meeting analysts' consensus estimates of $0.96. The business had revenue of $395.24 million for the quarter, compared to the consensus estimate of $396.27 million. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. Gaming and Leisure Properties's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 earnings per share. Equities research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a $0.78 dividend. This is an increase from Gaming and Leisure Properties's previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, June 13th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.76%. Gaming and Leisure Properties's dividend payout ratio is currently 111.03%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GLPI. Mizuho boosted 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. Scotiabank dropped their price target on shares of Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating on the stock in a research report on Monday, May 12th. Wells Fargo & Company upped 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 report on Monday, March 10th. 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. Finally, Barclays raised their target price 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. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, Gaming and Leisure Properties currently has a consensus rating of "Moderate Buy" and an average target price of $54.63.

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.