Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 6.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,534,033 shares of the real estate investment trust’s stock after buying an additional 341,492 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Gaming and Leisure Properties were worth $284,726,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GLPI. Price T Rowe Associates Inc. MD grew its position in Gaming and Leisure Properties by 36.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,910,169 shares of the real estate investment trust’s stock worth $134,074,000 after buying an additional 781,906 shares during the last quarter. DigitalBridge Group Inc. acquired a new position in Gaming and Leisure Properties in the second quarter worth approximately $16,936,000. Dimensional Fund Advisors LP grew its position in Gaming and Leisure Properties by 9.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,104,552 shares of the real estate investment trust’s stock worth $185,564,000 after buying an additional 350,250 shares during the last quarter. National Bank of Canada FI grew its position in Gaming and Leisure Properties by 126.3% in the first quarter. National Bank of Canada FI now owns 454,732 shares of the real estate investment trust’s stock worth $20,131,000 after buying an additional 253,763 shares during the last quarter. Finally, Raymond James & Associates grew its position in Gaming and Leisure Properties by 46.9% in the third quarter. Raymond James & Associates now owns 580,315 shares of the real estate investment trust’s stock worth $29,857,000 after buying an additional 185,348 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Wells Fargo & Company reiterated an “equal weight” rating and set a $52.00 price objective (up from $51.00) on shares of Gaming and Leisure Properties in a research report on Tuesday, October 1st. StockNews.com upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Stifel Nicolaus lifted their price objective on shares of Gaming and Leisure Properties from $52.00 to $52.50 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, JMP Securities lifted their price objective on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Monday, August 12th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Gaming and Leisure Properties presently has a consensus rating of “Moderate Buy” and an average price target of $52.18.

Gaming and Leisure Properties Stock Up 1.0 %

Shares of GLPI stock traded up $0.51 on Friday, hitting $51.48. The company’s stock had a trading volume of 914,417 shares, compared to its average volume of 1,313,684. The company has a debt-to-equity ratio of 1.49, a current ratio of 5.91 and a quick ratio of 5.91. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $52.60. The firm’s fifty day moving average price is $50.96 and its 200-day moving average price is $47.28. The stock has a market capitalization of $13.98 billion, a price-to-earnings ratio of 19.00, a P/E/G ratio of 5.34 and a beta of 0.99.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.15). Gaming and Leisure Properties had a net margin of 52.79% and a return on equity of 17.60%. The business had revenue of $380.60 million during the quarter, compared to analyst estimates of $377.95 million. During the same period in the previous year, the firm posted $0.92 EPS. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. Research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a $0.76 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.04 annualized dividend and a yield of 5.91%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 112.18%.

Insider Buying and Selling

In related news, Director E Scott Urdang sold 5,605 shares of Gaming and Leisure Properties stock in a transaction on Monday, August 12th. The shares were sold at an average price of $48.89, for a total value of $274,028.45. Following the transaction, the director now owns 156,685 shares in the company, valued at $7,660,329.65. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, COO Brandon John Moore sold 30,900 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $50.05, for a total transaction of $1,546,545.00. Following the completion of the transaction, the chief operating officer now owns 208,977 shares of the company’s stock, valued at approximately $10,459,298.85. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director E Scott Urdang sold 5,605 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $48.89, for a total transaction of $274,028.45. Following the transaction, the director now directly owns 156,685 shares of the company’s stock, valued at $7,660,329.65. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,478 shares of company stock worth $2,495,429 in the last quarter. 4.40% of the stock is currently owned by company insiders.

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.