Asset Management One Co. Ltd. Raises Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Asset Management One Co. Ltd. boosted its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 3.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 587,011 shares of the real estate investment trust’s stock after buying an additional 19,185 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Gaming and Leisure Properties were worth $29,157,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Gaming and Leisure Properties by 23.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,197 shares of the real estate investment trust’s stock worth $760,000 after buying an additional 3,049 shares during the last quarter. Bank of Montreal Can boosted its position in Gaming and Leisure Properties by 46.2% in the 1st quarter. Bank of Montreal Can now owns 123,317 shares of the real estate investment trust’s stock valued at $5,837,000 after buying an additional 38,942 shares during the period. MetLife Investment Management LLC purchased a new position in Gaming and Leisure Properties in the 1st quarter valued at approximately $219,000. Great West Life Assurance Co. Can boosted its position in Gaming and Leisure Properties by 41.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 21,974 shares of the real estate investment trust’s stock valued at $1,086,000 after buying an additional 6,399 shares during the period. Finally, Yousif Capital Management LLC boosted its position in Gaming and Leisure Properties by 22.2% in the 1st quarter. Yousif Capital Management LLC now owns 14,425 shares of the real estate investment trust’s stock valued at $677,000 after buying an additional 2,620 shares during the period. 91.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang acquired 2,500 shares of the company’s stock in a transaction on Friday, March 1st. The shares were bought at an average cost of $45.00 per share, for a total transaction of $112,500.00. Following the completion of the purchase, the director now owns 156,685 shares in the company, valued at approximately $7,050,825. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.40% of the stock is currently owned by company insiders.

Gaming and Leisure Properties Stock Performance

NASDAQ GLPI traded down $0.02 during trading on Friday, reaching $45.10. The company’s stock had a trading volume of 182,510 shares, compared to its average volume of 1,443,090. The company has a debt-to-equity ratio of 1.48, a quick ratio of 7.41 and a current ratio of 7.41. The firm has a market cap of $12.24 billion, a price-to-earnings ratio of 16.29, a P/E/G ratio of 5.65 and a beta of 0.94. Gaming and Leisure Properties, Inc. has a twelve month low of $43.54 and a twelve month high of $52.45. The business’s fifty day moving average price is $45.50 and its 200-day moving average price is $46.18.

Gaming and Leisure Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.76 dividend. The ex-dividend date was Thursday, March 14th. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.73. This represents a $3.04 dividend on an annualized basis and a yield of 6.74%. Gaming and Leisure Properties’s payout ratio is currently 109.75%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on GLPI shares. JPMorgan Chase & Co. cut shares of Gaming and Leisure Properties from an “overweight” rating to a “neutral” rating and set a $48.00 price objective for the company. in a research report on Thursday, December 14th. Royal Bank of Canada decreased their price objective on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th. JMP Securities reaffirmed a “market outperform” rating and set a $53.00 price objective on shares of Gaming and Leisure Properties in a research report on Monday, March 4th. StockNews.com raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th. Finally, The Goldman Sachs Group started coverage on shares of Gaming and Leisure Properties in a research report on Friday, December 8th. They set a “neutral” rating and a $51.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Gaming and Leisure Properties currently has an average rating of “Moderate Buy” and an average price target of $52.50.

Gaming and Leisure Properties Profile

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.