Mitsubishi UFJ Trust & Banking Corp Buys 46,001 Shares of Gaming and Leisure Properties, Inc. $GLPI

Mitsubishi UFJ Trust & Banking Corp lifted its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 28.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 206,617 shares of the real estate investment trust’s stock after buying an additional 46,001 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Gaming and Leisure Properties were worth $9,630,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GLPI. Spire Wealth Management grew its position in shares of Gaming and Leisure Properties by 62.3% during the third quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 238 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Gaming and Leisure Properties during the second quarter valued at approximately $30,000. REAP Financial Group LLC grew its holdings in Gaming and Leisure Properties by 66.0% during the 2nd quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 264 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Gaming and Leisure Properties by 89.3% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 655 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 309 shares during the last quarter. Finally, Quent Capital LLC bought a new stake in Gaming and Leisure Properties in the 3rd quarter worth approximately $31,000. 91.14% of the stock is owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Trading Down 1.8%

Shares of GLPI opened at $44.78 on Thursday. Gaming and Leisure Properties, Inc. has a twelve month low of $41.17 and a twelve month high of $52.24. The company has a market cap of $12.67 billion, a P/E ratio of 16.22, a P/E/G ratio of 2.52 and a beta of 0.67. The company has a current ratio of 13.23, a quick ratio of 13.23 and a debt-to-equity ratio of 1.47. The company’s fifty day simple moving average is $44.28 and its 200-day simple moving average is $45.53.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. The firm had revenue of $397.61 million during the quarter, compared to analysts’ expectations of $399.66 million. Gaming and Leisure Properties had a net margin of 49.54% and a return on equity of 16.34%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.95 EPS. As a group, analysts expect 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 disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were paid a $0.78 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $3.12 annualized dividend and a yield of 7.0%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 113.04%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on GLPI shares. Stifel Nicolaus set a $47.75 target price on shares of Gaming and Leisure Properties in a report on Monday, December 15th. Cantor Fitzgerald dropped their price objective on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Mizuho set a $50.00 target price on shares of Gaming and Leisure Properties and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Morgan Stanley increased their price target on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday, December 24th. Finally, UBS Group reiterated a “buy” rating on shares of Gaming and Leisure Properties in a research report on Thursday, January 8th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Gaming and Leisure Properties currently has an average rating of “Moderate Buy” and a consensus target price of $51.89.

Insider Activity at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 4,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $45.49, for a total transaction of $181,960.00. Following the completion of the transaction, the director owned 129,953 shares in the company, valued at $5,911,561.97. The trade was a 2.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Steven Ladany sold 18,000 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $44.77, for a total value of $805,860.00. Following the completion of the transaction, the senior vice president directly owned 65,099 shares in the company, valued at $2,914,482.23. This trade represents a 21.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 40,864 shares of company stock valued at $1,832,866 in the last 90 days. Company insiders own 4.26% of the company’s stock.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust (REIT) specializing in the ownership and management of gaming and entertainment properties. Established in 2013 as a spin-off from Penn National Gaming, the company was designed to acquire and hold real estate assets associated with casinos, racetracks and other gaming facilities, while leasing those assets back to operating partners under long-term, triple-net lease agreements.

The company’s core activities involve identifying attractive gaming real estate, structuring lease agreements that align tenant incentives with property performance, and actively managing its portfolio to enhance asset value.