Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Position Cut by Vinva Investment Management Ltd

Vinva Investment Management Ltd trimmed its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 16.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 8,330 shares of the real estate investment trust’s stock after selling 1,654 shares during the quarter. Vinva Investment Management Ltd’s holdings in Gaming and Leisure Properties were worth $398,000 as of its most recent SEC filing.

A number of other 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 valued at $104,213,000 after buying an additional 1,754,370 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Gaming and Leisure Properties in the fourth quarter valued at $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 valued at $641,059,000 after buying an additional 889,698 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Gaming and Leisure Properties by 6,162.9% during the third quarter. Janus Henderson Group PLC now owns 812,981 shares of the real estate investment trust’s stock valued at $41,820,000 after purchasing an additional 800,000 shares in the last quarter. Finally, Aew Capital Management L P raised its stake in shares of Gaming and Leisure Properties by 1,786.5% during the fourth quarter. Aew Capital Management L P now owns 761,600 shares of the real estate investment trust’s stock valued at $36,679,000 after purchasing an additional 721,230 shares in the last quarter. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Trading Down 1.5 %

Shares of GLPI opened at $50.20 on Friday. The business’s 50-day moving average price is $49.14 and its 200 day moving average price is $49.77. The stock has a market capitalization of $13.80 billion, a P/E ratio of 17.49, a P/E/G ratio of 2.01 and a beta of 1.00. 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 issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. The firm 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%. Analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.76 per share. The ex-dividend date is Friday, March 14th. This represents a $3.04 annualized dividend and a yield of 6.06%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 105.92%.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 1,903 shares of Gaming and Leisure Properties stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $51.99, for a total transaction of $98,936.97. Following the transaction, the senior vice president now owns 41,298 shares of the company’s stock, valued at $2,147,083.02. The trade was a 4.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Brandon John Moore sold 3,982 shares of Gaming and Leisure Properties stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total value of $190,498.88. Following the transaction, the chief operating officer now directly owns 278,634 shares in the company, valued at approximately $13,329,850.56. This trade represents a 1.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,064 shares of company stock valued at $2,778,908 in the last 90 days. 4.37% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on GLPI. JMP Securities restated a “market outperform” rating and set a $55.00 price objective on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Morgan Stanley cut shares of Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price objective on the stock. in a research note on Wednesday, January 15th. Stifel Nicolaus lifted their price objective on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a “buy” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. upgraded shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $49.00 to $54.00 in a research note on Friday, December 13th. Finally, Barclays cut their price objective on shares of Gaming and Leisure Properties from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 4th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.96.

Gaming and Leisure Properties Profile

Gaming & Leisure Properties, Inc engages in the provision of 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.