Andra AP fonden Reduces Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Andra AP fonden decreased its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 72.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,900 shares of the real estate investment trust’s stock after selling 161,400 shares during the quarter. Andra AP fonden’s holdings in Gaming and Leisure Properties were worth $2,885,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GLPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Gaming and Leisure Properties by 647.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,025,526 shares of the real estate investment trust’s stock worth $104,213,000 after acquiring an additional 1,754,370 shares during the period. Raymond James Financial Inc. purchased a new stake in Gaming and Leisure Properties in the fourth quarter worth $49,188,000. Franklin Resources Inc. lifted its stake in Gaming and Leisure Properties by 7.8% in the third quarter. Franklin Resources Inc. now owns 12,259,224 shares of the real estate investment trust’s stock worth $641,059,000 after acquiring an additional 889,698 shares during the period. Jennison Associates LLC lifted its stake in Gaming and Leisure Properties by 25.3% in the third quarter. Jennison Associates LLC now owns 4,075,461 shares of the real estate investment trust’s stock worth $209,682,000 after acquiring an additional 821,634 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in Gaming and Leisure Properties by 6,162.9% in the third quarter. Janus Henderson Group PLC now owns 812,981 shares of the real estate investment trust’s stock worth $41,820,000 after acquiring an additional 800,000 shares during the period. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Insiders Place Their Bets

In other news, COO Brandon John Moore sold 3,982 shares of Gaming and Leisure Properties stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total transaction of $190,498.88. Following the transaction, the chief operating officer now directly owns 278,634 shares of the company’s stock, valued at $13,329,850.56. The trade was a 1.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Matthew Demchyk sold 1,149 shares of Gaming and Leisure Properties stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $47.80, for a total value of $54,922.20. Following the transaction, the senior vice president now directly owns 91,620 shares in the company, valued at approximately $4,379,436. The trade was a 1.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,161 shares of company stock valued at $2,425,521. Insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Price Performance

NASDAQ GLPI opened at $50.61 on Monday. Gaming and Leisure Properties, Inc. has a one year low of $41.80 and a one year high of $52.60. The stock has a 50-day moving average of $48.53 and a 200 day moving average of $49.80. The company has a market capitalization of $13.91 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 2.01 and a beta of 1.00. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.01. The business had revenue of $389.62 million for the quarter, compared to analysts’ expectations of $391.54 million. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. On average, sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.76 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.04 annualized dividend and a yield of 6.01%. Gaming and Leisure Properties’s payout ratio is 105.92%.

Wall Street Analyst Weigh In

GLPI has been the subject of a number of research reports. Barclays decreased their price objective on Gaming and Leisure Properties from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and increased their price objective for the stock from $49.00 to $54.00 in a report on Wednesday, November 20th. Scotiabank decreased their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. Morgan Stanley downgraded 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. Finally, JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $49.00 to $54.00 in a report on Friday, December 13th. 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $54.04.

Gaming and Leisure Properties Company Profile

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.