Sei Investments Co. Has $43.74 Million Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Sei Investments Co. increased its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 67.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 908,161 shares of the real estate investment trust’s stock after buying an additional 364,942 shares during the quarter. Sei Investments Co. owned 0.33% of Gaming and Leisure Properties worth $43,737,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Stonebridge Financial Group LLC purchased a new position in Gaming and Leisure Properties during the 4th quarter valued at about $31,000. CKW Financial Group lifted its position in shares of Gaming and Leisure Properties by 75.0% in 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 in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Gaming and Leisure Properties during the third quarter worth approximately $39,000. Wilmington Savings Fund Society FSB acquired a new position in Gaming and Leisure Properties in the 3rd quarter valued at approximately $66,000. Finally, UMB Bank n.a. increased its stake in Gaming and Leisure Properties by 57.4% in the 4th quarter. UMB Bank n.a. now owns 1,368 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 499 shares during the period. 91.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, COO Brandon John Moore sold 3,982 shares of the firm’s 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 sale, the chief operating officer now directly owns 278,634 shares in the company, valued at $13,329,850.56. This trade represents a 1.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Matthew Demchyk sold 1,149 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $47.80, for a total transaction of $54,922.20. Following the transaction, the senior vice president now directly owns 91,620 shares of the company’s stock, valued at $4,379,436. This represents a 1.24 % 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 three months. Company insiders own 4.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GLPI. Barclays decreased their target price on shares of 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 boosted their target price for the company from $49.00 to $54.00 in a research note on Friday, December 13th. Stifel Nicolaus raised their price target on 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. Morgan Stanley cut 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 research note on Wednesday, January 15th. Finally, Royal Bank of Canada dropped their price objective on Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $53.96.

Gaming and Leisure Properties Price Performance

NASDAQ GLPI opened at $51.12 on Tuesday. 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 fifty day simple moving average of $49.23 and a 200 day simple moving average of $49.74. 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 company has a market cap of $14.05 billion, a P/E ratio of 17.81, a P/E/G ratio of 2.01 and a beta of 1.00.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. The company had revenue of $389.62 million during the quarter, compared to analysts’ expectations of $391.54 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. On average, sell-side analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 EPS 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 issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date is Friday, March 14th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 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.