Asset Management One Co. Ltd. Purchases 5,567 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Asset Management One Co. Ltd. boosted its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 575,698 shares of the real estate investment trust’s stock after acquiring an additional 5,567 shares during the period. Asset Management One Co. Ltd.’s holdings in Gaming and Leisure Properties were worth $27,547,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Creative Planning boosted its holdings in Gaming and Leisure Properties by 22.0% during the third quarter. Creative Planning now owns 15,737 shares of the real estate investment trust’s stock worth $810,000 after buying an additional 2,841 shares during the last quarter. Marshall Financial Group LLC boosted its holdings in Gaming and Leisure Properties by 1.4% during the third quarter. Marshall Financial Group LLC now owns 20,917 shares of the real estate investment trust’s stock worth $1,076,000 after buying an additional 289 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Gaming and Leisure Properties by 5.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 74,434 shares of the real estate investment trust’s stock worth $3,830,000 after buying an additional 3,827 shares during the last quarter. Raymond James & Associates boosted its holdings in Gaming and Leisure Properties by 46.9% during the third quarter. Raymond James & Associates now owns 580,315 shares of the real estate investment trust’s stock worth $29,857,000 after buying an additional 185,348 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Gaming and Leisure Properties by 6.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,534,033 shares of the real estate investment trust’s stock worth $284,726,000 after buying an additional 341,492 shares during the last quarter. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Down 1.4 %

NASDAQ:GLPI opened at $48.61 on Friday. The firm has a market capitalization of $13.34 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99. Gaming and Leisure Properties, Inc. has a twelve month low of $41.80 and a twelve month high of $52.60. The stock’s 50 day moving average price is $48.22 and its two-hundred day moving average price is $49.78. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62.

Gaming and Leisure Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 6.25%. The ex-dividend date of this dividend was Friday, December 6th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 106.29%.

Insiders Place Their Bets

In other news, COO Brandon John Moore sold 3,982 shares of Gaming and Leisure Properties stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 approximately $13,329,850.56. The trade was a 1.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Matthew Demchyk sold 17,617 shares of Gaming and Leisure Properties stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $49.40, for a total value of $870,279.80. Following the transaction, the senior vice president now owns 54,140 shares of the company’s stock, valued at $2,674,516. This represents a 24.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,222 shares of company stock valued at $1,624,947 in the last 90 days. 4.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

GLPI has been the topic of a number of recent analyst reports. Scotiabank reduced 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 report on Thursday, January 16th. Mizuho reduced their target price on Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a report on Thursday, November 14th. JMP Securities reaffirmed a “market outperform” rating and set a $55.00 price target on shares of Gaming and Leisure Properties in a research report on Wednesday, December 18th. Barclays started coverage on Gaming and Leisure Properties in a research report on Tuesday, December 17th. They set an “equal weight” rating and a $54.53 price target on the stock. Finally, JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $49.00 to $54.00 in a research report on Friday, December 13th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Gaming and Leisure Properties currently has an average rating of “Moderate Buy” and an average target price of $53.93.

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.