Sei Investments Co. Acquires 364,942 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Sei Investments Co. grew its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 67.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 908,161 shares of the real estate investment trust’s stock after buying an additional 364,942 shares during the quarter. Sei Investments Co.’s holdings in Gaming and Leisure Properties were worth $43,737,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in Gaming and Leisure Properties by 8.7% in the fourth quarter. GAMMA Investing LLC now owns 2,826 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 226 shares in the last quarter. Opal Wealth Advisors LLC grew its stake in shares of Gaming and Leisure Properties by 4.9% in the 4th quarter. Opal Wealth Advisors LLC now owns 5,082 shares of the real estate investment trust’s stock valued at $245,000 after purchasing an additional 238 shares during the period. Integrated Wealth Concepts LLC grew its stake in shares of Gaming and Leisure Properties by 5.1% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 5,433 shares of the real estate investment trust’s stock valued at $280,000 after purchasing an additional 262 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of Gaming and Leisure Properties by 0.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 55,881 shares of the real estate investment trust’s stock worth $2,691,000 after buying an additional 277 shares in the last quarter. Finally, CKW Financial Group lifted its position in shares of Gaming and Leisure Properties by 75.0% during the 4th quarter. CKW Financial Group now owns 700 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 300 shares during the period. 91.14% of the stock is owned by institutional investors.

Gaming and Leisure Properties Stock Up 1.8 %

NASDAQ GLPI opened at $51.12 on Tuesday. The stock has a market capitalization of $14.05 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 2.01 and a beta of 1.00. Gaming and Leisure Properties, Inc. has a 52 week low of $41.80 and a 52 week high of $52.60. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. The stock has a fifty day moving average of $49.23 and a 200-day moving average of $49.74.

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

Gaming and Leisure Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.04 dividend on an annualized basis and a yield of 5.95%. Gaming and Leisure Properties’s payout ratio is presently 105.92%.

Analysts Set New Price Targets

GLPI has been the topic of a number of analyst reports. Barclays lowered their price target on Gaming and Leisure Properties from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 4th. Stifel Nicolaus increased their target price on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Royal Bank of Canada cut their price target on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating for the company in a report on Monday, February 24th. JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $49.00 to $54.00 in a research note on Friday, December 13th. Finally, Wells Fargo & Company lifted their target price on shares of Gaming and Leisure Properties from $50.00 to $51.00 and gave the company an “equal weight” rating in a research note on Monday, March 10th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and an average target price of $53.96.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was 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 directly owns 140,953 shares of the company’s stock, valued at $7,173,098.17. This represents a 3.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Brandon John Moore sold 3,982 shares of Gaming and Leisure Properties stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total transaction of $190,498.88. Following the transaction, the chief operating officer now directly owns 278,634 shares in the company, valued at $13,329,850.56. The trade was a 1.41 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,064 shares of company stock valued at $2,778,908. 4.37% of the stock is currently owned by 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.