Cbre Investment Management Listed Real Assets LLC Has $1.05 Million Stock Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Cbre Investment Management Listed Real Assets LLC lifted its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 14.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 21,796 shares of the real estate investment trust’s stock after purchasing an additional 2,793 shares during the quarter. Cbre Investment Management Listed Real Assets LLC’s holdings in Gaming and Leisure Properties were worth $1,050,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Assetmark Inc. increased its holdings in shares of Gaming and Leisure Properties by 2,547.6% during the third quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 535 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of Gaming and Leisure Properties during the fourth quarter worth $31,000. Farther Finance Advisors LLC increased its holdings in shares of Gaming and Leisure Properties by 142.2% during the third quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 384 shares in the last quarter. CKW Financial Group increased its holdings in shares of 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 buying an additional 300 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Gaming and Leisure Properties during the third quarter worth $39,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Gaming and Leisure Properties Trading Down 0.1 %

GLPI opened at $49.79 on Wednesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $52.60. The firm has a market capitalization of $13.68 billion, a PE ratio of 17.35, a P/E/G ratio of 2.01 and a beta of 0.99. The company’s 50-day moving average is $48.36 and its 200 day moving average is $49.79.

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 (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.01. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. The company had revenue of $389.62 million during the quarter, compared to analyst estimates of $391.54 million. As a group, research analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 dividend yield of 6.11%. Gaming and Leisure Properties’s payout ratio is currently 105.92%.

Insider Transactions at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now directly owns 145,953 shares of the company’s stock, valued at approximately $7,256,783.16. This trade represents a 3.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Brandon John Moore sold 3,982 shares of the firm’s 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 of the company’s stock, valued at approximately $13,329,850.56. This trade represents a 1.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,742 shares of company stock worth $2,101,682 in the last quarter. Insiders own 4.37% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. JMP Securities reissued 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. Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $49.00 to $54.00 in a research note on Wednesday, November 20th. 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 boosted their price objective on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Barclays reduced 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. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.04.

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.