Citigroup Inc. decreased its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Get Rating) by 25.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 178,381 shares of the real estate investment trust’s stock after selling 59,581 shares during the quarter. Citigroup Inc. owned approximately 0.07% of Gaming and Leisure Properties worth $9,292,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Gaming and Leisure Properties by 5.3% in the third quarter. Vanguard Group Inc. now owns 36,132,441 shares of the real estate investment trust’s stock worth $1,598,500,000 after purchasing an additional 1,817,088 shares during the last quarter. BlackRock Inc. boosted its position in Gaming and Leisure Properties by 11.2% during the third quarter. BlackRock Inc. now owns 17,418,081 shares of the real estate investment trust’s stock valued at $770,577,000 after acquiring an additional 1,754,145 shares during the last quarter. Wellington Management Group LLP boosted its position in Gaming and Leisure Properties by 13.6% during the first quarter. Wellington Management Group LLP now owns 10,515,906 shares of the real estate investment trust’s stock valued at $493,511,000 after acquiring an additional 1,255,222 shares during the last quarter. State Street Corp boosted its position in Gaming and Leisure Properties by 13.3% during the third quarter. State Street Corp now owns 8,601,835 shares of the real estate investment trust’s stock valued at $380,545,000 after acquiring an additional 1,007,504 shares during the last quarter. Finally, Putnam Investments LLC boosted its position in Gaming and Leisure Properties by 0.4% during the third quarter. Putnam Investments LLC now owns 8,297,604 shares of the real estate investment trust’s stock valued at $367,086,000 after acquiring an additional 34,846 shares during the last quarter. Institutional investors own 90.69% of the company’s stock.
Insider Buying and Selling
In other Gaming and Leisure Properties news, Director E Scott Urdang acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was bought at an average cost of $53.82 per share, with a total value of $53,820.00. Following the acquisition, the director now owns 150,132 shares in the company, valued at $8,080,104.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.60% of the stock is owned by insiders.
Gaming and Leisure Properties Stock Up 1.7 %
Gaming and Leisure Properties Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 24th. Investors of record on Friday, March 10th were issued a $0.97 dividend. The ex-dividend date was Thursday, March 9th. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.71. This represents a $3.88 annualized dividend and a yield of 7.91%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 98.97%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on GLPI shares. Raymond James upped their price target on shares of Gaming and Leisure Properties from $55.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, April 6th. JMP Securities reaffirmed a “market outperform” rating and set a $57.00 price target on shares of Gaming and Leisure Properties in a research report on Tuesday, March 21st. Finally, StockNews.com assumed coverage on shares of Gaming and Leisure Properties in a report on Thursday. They set a “hold” rating on the stock. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and a consensus price target of $56.80.
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.
- Get a free copy of the StockNews.com research report on Gaming and Leisure Properties (GLPI)
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