Voya Investment Management LLC Has $12.71 Million Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Voya Investment Management LLC grew its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 36.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 263,842 shares of the real estate investment trust’s stock after purchasing an additional 71,111 shares during the quarter. Voya Investment Management LLC owned approximately 0.10% of Gaming and Leisure Properties worth $12,707,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of GLPI. Barclays PLC raised its position in shares of Gaming and Leisure Properties by 129.1% in the third quarter. Barclays PLC now owns 896,831 shares of the real estate investment trust’s stock valued at $46,142,000 after purchasing an additional 505,382 shares during the period. Morse Asset Management Inc raised its position in shares of Gaming and Leisure Properties by 84.4% in the third quarter. Morse Asset Management Inc now owns 14,560 shares of the real estate investment trust’s stock valued at $749,000 after purchasing an additional 6,665 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Gaming and Leisure Properties in the third quarter valued at about $66,000. Franklin Resources Inc. raised its position in shares of Gaming and Leisure Properties by 7.8% in the third quarter. Franklin Resources Inc. now owns 12,259,224 shares of the real estate investment trust’s stock valued at $641,059,000 after purchasing an additional 889,698 shares during the period. Finally, Retirement Systems of Alabama raised its position in shares of Gaming and Leisure Properties by 1.6% in the third quarter. Retirement Systems of Alabama now owns 741,120 shares of the real estate investment trust’s stock valued at $38,131,000 after purchasing an additional 11,822 shares during the period. 91.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Morgan Stanley lowered shares of Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price objective on the stock. in a research report on Wednesday, January 15th. Mizuho raised their price target on shares of Gaming and Leisure Properties from $51.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, April 3rd. Scotiabank lowered their price target on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. Royal Bank of Canada decreased their target price on shares of Gaming and Leisure Properties from $56.00 to $54.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Barclays raised their target price on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “equal weight” rating in a report on Tuesday, April 22nd. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.70.

Insider Activity at Gaming and Leisure Properties

In related news, SVP Matthew Demchyk sold 6,419 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $50.45, for a total value of $323,838.55. Following the completion of the sale, the senior vice president now directly owns 43,201 shares in the company, valued at $2,179,490.45. This represents a 12.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director E Scott Urdang sold 5,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $50.89, for a total value of $254,450.00. Following the completion of the sale, the director now owns 140,953 shares of the company’s stock, valued at $7,173,098.17. The trade was a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,842 shares of company stock worth $1,153,961 over the last three months. Company insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Trading Up 0.0 %

GLPI opened at $47.76 on Tuesday. The company’s 50 day moving average is $49.40 and its 200-day moving average is $49.29. Gaming and Leisure Properties, Inc. has a 1-year low of $42.62 and a 1-year 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. The company has a market cap of $13.13 billion, a P/E ratio of 16.64, a PEG ratio of 2.01 and a beta of 0.72.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.96 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.96. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. The company had revenue of $395.24 million for the quarter, compared to the consensus estimate of $396.27 million. During the same period last year, the company posted $0.92 EPS. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. Equities research analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.76 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.04 dividend on an annualized basis and a yield of 6.37%. Gaming and Leisure Properties’s payout ratio is 108.19%.

Gaming and Leisure Properties Company 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.