Amundi Pioneer Asset Management Inc. Sells 109,849 Shares of Gaming and Leisure Properties Inc (GLPI)

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Amundi Pioneer Asset Management Inc. decreased its holdings in shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 12.3% during the 4th quarter, HoldingsChannel reports. The fund owned 782,300 shares of the real estate investment trust’s stock after selling 109,849 shares during the period. Amundi Pioneer Asset Management Inc.’s holdings in Gaming and Leisure Properties were worth $25,276,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Parallel Advisors LLC increased its stake in Gaming and Leisure Properties by 50.6% during the 4th quarter. Parallel Advisors LLC now owns 905 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 304 shares during the period. We Are One Seven LLC purchased a new stake in Gaming and Leisure Properties during the 4th quarter worth $31,000. Ffcm LLC increased its stake in Gaming and Leisure Properties by 72.4% during the 4th quarter. Ffcm LLC now owns 1,141 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 479 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in Gaming and Leisure Properties by 43.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,434 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 434 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in Gaming and Leisure Properties by 50.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,787 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 602 shares during the period. Institutional investors and hedge funds own 88.23% of the company’s stock.

GLPI opened at $37.35 on Tuesday. The stock has a market capitalization of $8.02 billion, a PE ratio of 11.75, a P/E/G ratio of 1.34 and a beta of 0.54. Gaming and Leisure Properties Inc has a 1-year low of $31.19 and a 1-year high of $38.28. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 2.58.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Wednesday, February 13th. The real estate investment trust reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. The company had revenue of $303.30 million during the quarter, compared to the consensus estimate of $306.12 million. Gaming and Leisure Properties had a net margin of 32.16% and a return on equity of 14.42%. The company’s revenue was up 26.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.55 EPS. On average, equities analysts expect that Gaming and Leisure Properties Inc will post 3.36 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 7.28%. The ex-dividend date was Thursday, March 7th. Gaming and Leisure Properties’s payout ratio is currently 85.53%.

In related news, SVP Matthew Demchyk bought 4,000 shares of the company’s stock in a transaction dated Thursday, February 28th. The stock was bought at an average price of $36.50 per share, with a total value of $146,000.00. Following the transaction, the senior vice president now owns 37,500 shares of the company’s stock, valued at $1,368,750. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 5.88% of the stock is currently owned by insiders.

GLPI has been the topic of several analyst reports. BidaskClub raised shares of Gaming and Leisure Properties from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 8th. Zacks Investment Research downgraded shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $41.00 price target on shares of Gaming and Leisure Properties in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $39.90.

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About Gaming and Leisure Properties

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.

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Want to see what other hedge funds are holding GLPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gaming and Leisure Properties Inc (NASDAQ:GLPI).

Institutional Ownership by Quarter for Gaming and Leisure Properties (NASDAQ:GLPI)

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