Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Purchased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 118.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 123,579 shares of the real estate investment trust’s stock after buying an additional 67,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Gaming and Leisure Properties were worth $5,952,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Creative Planning boosted its holdings in shares of Gaming and Leisure Properties by 22.0% in the third quarter. Creative Planning now owns 15,737 shares of the real estate investment trust’s stock valued at $810,000 after acquiring an additional 2,841 shares in the last quarter. Signaturefd LLC raised its holdings in Gaming and Leisure Properties by 24.4% during the third quarter. Signaturefd LLC now owns 3,342 shares of the real estate investment trust’s stock worth $172,000 after purchasing an additional 656 shares in the last quarter. Private Advisor Group LLC lifted its position in Gaming and Leisure Properties by 9.2% in the third quarter. Private Advisor Group LLC now owns 13,646 shares of the real estate investment trust’s stock valued at $702,000 after purchasing an additional 1,152 shares during the period. International Assets Investment Management LLC boosted its holdings in Gaming and Leisure Properties by 5,015.8% in the 3rd quarter. International Assets Investment Management LLC now owns 53,511 shares of the real estate investment trust’s stock valued at $2,753,000 after purchasing an additional 52,465 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Gaming and Leisure Properties by 31.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,807 shares of the real estate investment trust’s stock worth $599,000 after purchasing an additional 2,838 shares during the period. 91.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 1,149 shares of Gaming and Leisure Properties stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $47.80, for a total value of $54,922.20. Following the completion of the sale, the senior vice president now directly owns 91,620 shares of the company’s stock, valued at approximately $4,379,436. The trade was a 1.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Brandon John Moore sold 3,982 shares of Gaming and Leisure Properties stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total value of $190,498.88. Following the completion of the sale, the chief operating officer now directly owns 278,634 shares of the company’s stock, valued at approximately $13,329,850.56. This represents a 1.41 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,222 shares of company stock valued at $1,624,947. 4.37% of the stock is owned by insiders.

Gaming and Leisure Properties Stock Down 0.5 %

GLPI stock opened at $48.85 on Tuesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. The company’s 50 day simple moving average is $48.12 and its 200-day simple moving average is $49.77. Gaming and Leisure Properties, Inc. has a 12 month low of $41.80 and a 12 month high of $52.60. The firm has a market capitalization of $13.40 billion, a PE ratio of 17.02, a P/E/G ratio of 2.01 and a beta of 0.99.

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

Gaming and Leisure Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 6.22%. The ex-dividend date of this dividend is Friday, March 14th. Gaming and Leisure Properties’s payout ratio is 105.92%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. JMP Securities reissued a “market outperform” rating and issued a $55.00 price target on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. StockNews.com downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Monday, October 28th. JPMorgan Chase & Co. upgraded shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $49.00 to $54.00 in a research report on Friday, December 13th. Morgan Stanley downgraded shares of Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price target for the company. in a report on Wednesday, January 15th. Finally, Scotiabank decreased their price objective on shares of 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. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $54.15.

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.