UniSuper Management Pty Ltd Sells 2,000 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

UniSuper Management Pty Ltd decreased its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 2.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 78,534 shares of the real estate investment trust’s stock after selling 2,000 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Gaming and Leisure Properties were worth $3,782,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Gaming and Leisure Properties by 647.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,025,526 shares of the real estate investment trust’s stock worth $104,213,000 after acquiring an additional 1,754,370 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Gaming and Leisure Properties in the 4th quarter worth about $49,188,000. Franklin Resources Inc. increased its stake in Gaming and Leisure Properties by 7.8% in the 3rd quarter. Franklin Resources Inc. now owns 12,259,224 shares of the real estate investment trust’s stock valued at $641,059,000 after buying an additional 889,698 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Gaming and Leisure Properties by 6,162.9% during the 3rd quarter. Janus Henderson Group PLC now owns 812,981 shares of the real estate investment trust’s stock worth $41,820,000 after buying an additional 800,000 shares in the last quarter. Finally, Aew Capital Management L P lifted its position in shares of Gaming and Leisure Properties by 1,786.5% during the 4th quarter. Aew Capital Management L P now owns 761,600 shares of the real estate investment trust’s stock worth $36,679,000 after buying an additional 721,230 shares in the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on GLPI shares. JMP Securities reaffirmed a “market outperform” rating and set a $55.00 price target on shares of Gaming and Leisure Properties in a research report on Wednesday, December 18th. Morgan Stanley lowered Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 target price for the company. in a research report on Wednesday, January 15th. Wells Fargo & Company lifted their target price on Gaming and Leisure Properties from $50.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. Barclays reduced their price target 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. Finally, Royal Bank of Canada lowered their price objective on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $53.96.

Gaming and Leisure Properties Stock Performance

Shares of GLPI stock opened at $50.40 on Friday. The firm’s 50 day moving average is $49.49 and its 200 day moving average is $49.73. The stock has a market capitalization of $13.85 billion, a P/E ratio of 17.56, a PEG ratio of 2.01 and a beta of 1.00. Gaming and Leisure Properties, Inc. has a 12 month low of $41.80 and a 12 month high of $52.60. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.01. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. The firm had revenue of $389.62 million for the quarter, compared to the consensus estimate of $391.54 million. On average, sell-side analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.76 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.04 annualized dividend and a yield of 6.03%. Gaming and Leisure Properties’s dividend payout ratio is currently 105.92%.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 1,903 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $51.99, for a total value of $98,936.97. Following the completion of the transaction, the senior vice president now directly owns 41,298 shares of the company’s stock, valued at $2,147,083.02. This trade represents a 4.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director E Scott Urdang sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was 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. The trade was a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,064 shares of company stock valued at $2,778,908 in the last quarter. 4.37% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties Profile

Gaming & Leisure Properties, Inc engages in the provision of 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.