AIA Group Ltd Has $1.14 Million Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

AIA Group Ltd trimmed its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 11.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,128 shares of the real estate investment trust’s stock after selling 2,824 shares during the period. AIA Group Ltd’s holdings in Gaming and Leisure Properties were worth $1,138,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its stake in shares of Gaming and Leisure Properties by 27.4% during the 1st quarter. Russell Investments Group Ltd. now owns 309,882 shares of the real estate investment trust’s stock worth $14,276,000 after acquiring an additional 66,601 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Gaming and Leisure Properties in the first quarter valued at $2,396,000. Lasalle Investment Management Securities LLC raised its position in shares of Gaming and Leisure Properties by 1.5% in the first quarter. Lasalle Investment Management Securities LLC now owns 1,479,756 shares of the real estate investment trust’s stock valued at $68,172,000 after purchasing an additional 21,667 shares during the period. Manning & Napier Advisors LLC bought a new position in shares of Gaming and Leisure Properties in the second quarter valued at about $3,165,000. Finally, Caxton Associates LP lifted its stake in shares of Gaming and Leisure Properties by 72.5% during the 1st quarter. Caxton Associates LP now owns 24,282 shares of the real estate investment trust’s stock worth $1,119,000 after buying an additional 10,209 shares during the last quarter. 91.14% of the stock is owned by institutional investors.

Insider Activity

In other news, COO Brandon John Moore sold 30,900 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $50.05, for a total transaction of $1,546,545.00. Following the sale, the chief operating officer now directly owns 208,977 shares in the company, valued at approximately $10,459,298.85. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, COO Brandon John Moore sold 30,900 shares of Gaming and Leisure Properties stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $50.05, for a total transaction of $1,546,545.00. Following the transaction, the chief operating officer now owns 208,977 shares in the company, valued at approximately $10,459,298.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director E Scott Urdang sold 3,000 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $50.39, for a total value of $151,170.00. Following the completion of the sale, the director now owns 146,800 shares of the company’s stock, valued at $7,397,252. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,363 shares of company stock valued at $2,991,951. 4.37% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties Trading Up 0.8 %

Shares of Gaming and Leisure Properties stock opened at $49.77 on Friday. The firm’s 50 day moving average is $51.00 and its 200 day moving average is $47.95. The firm has a market capitalization of $13.66 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 2.18 and a beta of 0.99. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year 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) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.25). Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. The company had revenue of $385.34 million for the quarter, compared to the consensus estimate of $385.09 million. During the same period in the previous year, the firm posted $0.92 EPS. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a $0.76 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.04 annualized dividend and a yield of 6.11%. Gaming and Leisure Properties’s dividend payout ratio is presently 106.29%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Royal Bank of Canada increased their price target on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Wolfe Research raised Gaming and Leisure Properties from a “peer perform” rating to an “outperform” rating and set a $57.00 price target for the company in a report on Friday, August 23rd. Scotiabank upped their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a report on Tuesday, July 16th. UBS Group increased their price objective on Gaming and Leisure Properties from $56.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Finally, StockNews.com cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Gaming and Leisure Properties has an average rating of “Moderate Buy” and a consensus target price of $52.18.

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.