Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers boosted its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 821,188 shares of the real estate investment trust’s stock after acquiring an additional 6,402 shares during the period. Rhumbline Advisers owned 0.30% of Gaming and Leisure Properties worth $39,548,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Franklin Resources Inc. raised its position in shares of 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. State Street Corp raised its holdings in Gaming and Leisure Properties by 1.4% during the third quarter. State Street Corp now owns 12,135,195 shares of the real estate investment trust’s stock worth $624,356,000 after purchasing an additional 162,484 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Gaming and Leisure Properties by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 6,080,860 shares of the real estate investment trust’s stock worth $312,316,000 after acquiring an additional 161,689 shares in the last quarter. Jennison Associates LLC grew its stake in Gaming and Leisure Properties by 5.2% during the 4th quarter. Jennison Associates LLC now owns 4,287,118 shares of the real estate investment trust’s stock valued at $206,468,000 after acquiring an additional 211,657 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Gaming and Leisure Properties by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,327,466 shares of the real estate investment trust’s stock valued at $171,198,000 after buying an additional 96,028 shares during the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GLPI. JMP Securities restated a “market outperform” rating and issued a $55.00 price objective on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. StockNews.com lowered Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Morgan Stanley lowered shares of Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price target on the stock. in a research report on Wednesday, January 15th. JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $49.00 to $54.00 in a report on Friday, December 13th. Finally, 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. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $53.93.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, COO Brandon John Moore sold 3,982 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total value of $190,498.88. Following the completion of the transaction, the chief operating officer now owns 278,634 shares of the company’s stock, valued at $13,329,850.56. This represents a 1.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Matthew Demchyk sold 17,617 shares of Gaming and Leisure Properties stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.40, for a total value of $870,279.80. Following the sale, the senior vice president now directly owns 54,140 shares in the company, valued at $2,674,516. The trade was a 24.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,222 shares of company stock worth $1,624,947 over the last 90 days. Insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Price Performance

NASDAQ:GLPI opened at $48.61 on Tuesday. The stock’s 50 day moving average price is $48.19 and its two-hundred day moving average price is $49.77. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $13.34 billion, a price-to-earnings ratio of 17.00, a P/E/G ratio of 2.01 and a beta of 0.99. Gaming and Leisure Properties, Inc. has a 12-month low of $41.80 and a 12-month high of $52.60.

Gaming and Leisure Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a 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 presently 106.29%.

Gaming and Leisure Properties 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.