17,454 Shares in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Acquired by OFI Invest Asset Management

OFI Invest Asset Management purchased a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,454 shares of the real estate investment trust’s stock, valued at approximately $812,000.

A number of other institutional investors and hedge funds have also modified their holdings of GLPI. Farther Finance Advisors LLC increased its stake in Gaming and Leisure Properties by 142.2% in the third quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 384 shares in the last quarter. Assetmark Inc. increased its stake in Gaming and Leisure Properties by 2,547.6% in the third quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 535 shares in the last quarter. Atria Investments Inc increased its stake in Gaming and Leisure Properties by 16.0% in the third quarter. Atria Investments Inc now owns 19,668 shares of the real estate investment trust’s stock valued at $1,012,000 after purchasing an additional 2,710 shares in the last quarter. Mesirow Financial Investment Management Inc. bought a new stake in Gaming and Leisure Properties in the third quarter valued at approximately $217,000. Finally, Los Angeles Capital Management LLC bought a new stake in Gaming and Leisure Properties in the third quarter valued at approximately $3,215,000. 91.14% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 6,419 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $50.45, for a total value of $323,838.55. Following the transaction, the senior vice president now directly owns 43,201 shares of the company’s stock, valued at $2,179,490.45. This trade represents a 12.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director E Scott Urdang sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $49.72, for a total transaction of $248,600.00. Following the completion of the transaction, the director now directly owns 145,953 shares in the company, valued at approximately $7,256,783.16. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,161 shares of company stock valued at $2,425,521. 4.37% of the stock is owned by company insiders.

Gaming and Leisure Properties Stock Performance

Shares of GLPI opened at $50.61 on Monday. The stock has a market capitalization of $13.91 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 2.01 and a beta of 1.00. 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 firm has a fifty day simple moving average of $48.53 and a 200 day simple moving average of $49.80. Gaming and Leisure Properties, Inc. has a 12 month low of $41.80 and a 12 month high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $389.62 million for the quarter, compared to analyst estimates of $391.54 million. Research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 6.01%. The ex-dividend date is Friday, March 14th. Gaming and Leisure Properties’s dividend payout ratio is 105.92%.

Wall Street Analyst Weigh In

Several brokerages have commented on GLPI. JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and upped their target price for the company from $49.00 to $54.00 in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and increased their price objective for the stock from $49.00 to $54.00 in a research report on Wednesday, November 20th. Barclays lowered their price objective 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 report on Tuesday, March 4th. Stifel Nicolaus increased 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 report on Tuesday, November 26th. Finally, Scotiabank lowered their price objective on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $54.04.

About Gaming and Leisure Properties

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.