Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Purchased by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 5.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,244,056 shares of the real estate investment trust’s stock after acquiring an additional 67,320 shares during the period. Gaming and Leisure Properties comprises about 1.9% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s portfolio, making the stock its 14th largest holding. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned 0.45% of Gaming and Leisure Properties worth $59,379,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Segall Bryant & Hamill LLC purchased a new stake in shares of Gaming and Leisure Properties in the 3rd quarter valued at approximately $693,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Gaming and Leisure Properties by 63.1% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 51,991 shares of the real estate investment trust’s stock worth $2,351,000 after acquiring an additional 20,111 shares in the last quarter. Sanctuary Advisors LLC boosted its position in Gaming and Leisure Properties by 76.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 32,316 shares of the real estate investment trust’s stock worth $1,646,000 after acquiring an additional 13,965 shares during the period. Zacks Investment Management grew its stake in Gaming and Leisure Properties by 10.9% during the 3rd quarter. Zacks Investment Management now owns 522,197 shares of the real estate investment trust’s stock valued at $26,867,000 after acquiring an additional 51,398 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Gaming and Leisure Properties by 87.5% in the 3rd quarter. Cerity Partners LLC now owns 14,410 shares of the real estate investment trust’s stock valued at $741,000 after purchasing an additional 6,724 shares during the period. 91.14% of the stock is owned by institutional investors.

Insider Buying and Selling at Gaming and Leisure Properties

In related news, COO Brandon John Moore sold 3,982 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total transaction of $190,498.88. Following the completion of the transaction, the chief operating officer now directly owns 278,634 shares in the company, valued at $13,329,850.56. This represents a 1.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Matthew Demchyk sold 10,474 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $48.62, for a total transaction of $509,245.88. Following the completion of the sale, the senior vice president now owns 71,757 shares in the company, valued at $3,488,825.34. This represents a 12.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,490 shares of company stock valued at $1,251,189 in the last 90 days. 4.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on GLPI. JMP Securities restated a “market outperform” rating and set a $55.00 price target on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Stifel Nicolaus boosted their price target on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley lowered Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price objective for the company. in a report on Wednesday, January 15th. Scotiabank dropped their target price on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $49.00 to $54.00 in a research note on Friday, December 13th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Gaming and Leisure Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.93.

Gaming and Leisure Properties Stock Performance

NASDAQ:GLPI opened at $47.78 on Friday. The firm has a market capitalization of $13.11 billion, a PE ratio of 16.71, a PEG ratio of 1.96 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. The firm’s fifty day simple moving average is $48.90 and its 200 day simple moving average is $49.69.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.25). The firm had revenue of $385.34 million for the quarter, compared to the consensus estimate of $385.09 million. Gaming and Leisure Properties had a net margin of 51.93% and a return on equity of 17.31%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the company earned $0.92 earnings per share. On average, sell-side analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.76 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.04 annualized dividend and a yield of 6.36%. Gaming and Leisure Properties’s payout ratio is 106.29%.

About Gaming and Leisure Properties

Gaming & Leisure Properties, Inc engages in 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.