Dynamic Technology Lab Private Ltd Purchases New Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Dynamic Technology Lab Private Ltd purchased a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 7,269 shares of the real estate investment trust’s stock, valued at approximately $350,000.

Other institutional investors have also made changes to their positions in the company. Stonebridge Financial Group LLC bought a new stake in shares of Gaming and Leisure Properties in the fourth quarter valued at approximately $31,000. CKW Financial Group lifted its stake in Gaming and Leisure Properties by 75.0% during the fourth quarter. CKW Financial Group now owns 700 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 300 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Gaming and Leisure Properties during the third quarter worth $66,000. UMB Bank n.a. lifted its stake in Gaming and Leisure Properties by 57.4% during the fourth quarter. UMB Bank n.a. now owns 1,368 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 499 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in Gaming and Leisure Properties by 59.7% during the fourth quarter. Venturi Wealth Management LLC now owns 1,730 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 647 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Matthew Demchyk sold 10,474 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $48.62, for a total value of $509,245.88. Following the completion of the sale, the senior vice president now directly owns 71,757 shares in the company, valued at $3,488,825.34. This trade represents a 12.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director E Scott Urdang sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $49.72, for a total value of $248,600.00. Following the completion of the sale, the director now owns 145,953 shares of the company’s stock, valued at approximately $7,256,783.16. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,933 shares of company stock worth $2,533,487 in the last three months. Company insiders own 4.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on GLPI shares. Barclays cut their target price on Gaming and Leisure Properties from $55.00 to $53.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 4th. JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and increased their price target for the company from $49.00 to $54.00 in a research note on Friday, December 13th. Scotiabank dropped their price target on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. Wells Fargo & Company increased their price target on Gaming and Leisure Properties from $50.00 to $51.00 and gave the company an “equal weight” rating in a research note on Monday, March 10th. Finally, Royal Bank of Canada dropped their price target on Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.11.

Gaming and Leisure Properties Stock Performance

Shares of Gaming and Leisure Properties stock opened at $47.81 on Thursday. 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 business has a 50-day moving average price of $49.47 and a two-hundred day moving average price of $49.51. 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 market cap of $13.14 billion, a P/E ratio of 16.66, a PEG ratio of 2.01 and a beta of 0.72.

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. 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 during the quarter, compared to the consensus estimate of $391.54 million. As a group, analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.76 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.04 annualized dividend and a dividend yield of 6.36%. Gaming and Leisure Properties’s dividend payout ratio is presently 105.92%.

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.