Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPIGet Rating) by 30.2% during the third quarter, HoldingsChannel reports. The firm owned 485,126 shares of the real estate investment trust’s stock after purchasing an additional 112,547 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Gaming and Leisure Properties were worth $21,461,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GLPI. Dodge & Cox lifted its position in shares of Gaming and Leisure Properties by 1,500.9% during the second quarter. Dodge & Cox now owns 6,368,169 shares of the real estate investment trust’s stock worth $292,044,000 after purchasing an additional 5,970,380 shares in the last quarter. FMR LLC raised its holdings in Gaming and Leisure Properties by 16.6% in the second quarter. FMR LLC now owns 12,229,738 shares of the real estate investment trust’s stock valued at $560,855,000 after acquiring an additional 1,741,579 shares in the last quarter. Wellington Management Group LLP raised its holdings in Gaming and Leisure Properties by 13.6% in 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 in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Gaming and Leisure Properties by 191.0% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,897,946 shares of the real estate investment trust’s stock worth $83,965,000 after purchasing an additional 1,245,735 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Gaming and Leisure Properties by 3.6% during the first quarter. Vanguard Group Inc. now owns 34,218,955 shares of the real estate investment trust’s stock worth $1,605,894,000 after purchasing an additional 1,199,697 shares during the period. 90.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GLPI has been the topic of a number of research reports. Truist Financial raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and increased their target price for the stock from $54.00 to $60.00 in a report on Wednesday, January 11th. Raymond James lowered shares of Gaming and Leisure Properties from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from $57.00 to $55.00 in a research report on Monday, January 9th. KeyCorp increased their target price on shares of Gaming and Leisure Properties from $52.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, November 30th. Mizuho increased their target price on shares of Gaming and Leisure Properties from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, December 8th. Finally, JMP Securities increased their target price on shares of Gaming and Leisure Properties from $53.00 to $57.00 and gave the company a “market outperform” rating in a research report on Wednesday, December 21st. 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.60.

Insider Buying and Selling

In related news, SVP Matthew Demchyk sold 1,961 shares of the stock in a transaction that occurred on Wednesday, January 11th. The stock was sold at an average price of $52.27, for a total value of $102,501.47. Following the transaction, the senior vice president now owns 34,316 shares in the company, valued at $1,793,697.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, COO Brandon John Moore sold 3,000 shares of the firm’s stock in a transaction on Wednesday, November 30th. The shares were sold at an average price of $52.00, for a total value of $156,000.00. Following the sale, the chief operating officer now owns 182,993 shares in the company, valued at $9,515,636. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Matthew Demchyk sold 1,961 shares of the firm’s stock in a transaction on Wednesday, January 11th. The stock was sold at an average price of $52.27, for a total transaction of $102,501.47. Following the completion of the sale, the senior vice president now owns 34,316 shares in the company, valued at approximately $1,793,697.32. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties Trading Up 0.7 %

NASDAQ:GLPI opened at $52.16 on Wednesday. The stock’s 50 day moving average price is $51.84 and its 200 day moving average price is $50.03. Gaming and Leisure Properties, Inc. has a 52 week low of $41.97 and a 52 week high of $53.91. The company has a market capitalization of $13.33 billion, a P/E ratio of 21.38, a P/E/G ratio of 10.01 and a beta of 1.00. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.60 and a current ratio of 0.60.

Gaming and Leisure Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Investors of record on Friday, December 9th were issued a $0.705 dividend. The ex-dividend date of this dividend was Thursday, December 8th. This represents a $2.82 dividend on an annualized basis and a yield of 5.41%. Gaming and Leisure Properties’s dividend payout ratio is currently 115.57%.

Gaming and Leisure Properties Company Profile

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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.

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Institutional Ownership by Quarter for Gaming and Leisure Properties (NASDAQ:GLPI)

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