Thompson Siegel & Walmsley LLC Acquires 103,440 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Thompson Siegel & Walmsley LLC boosted its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 8.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,361,899 shares of the real estate investment trust’s stock after purchasing an additional 103,440 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Gaming and Leisure Properties were worth $65,589,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Assetmark Inc. boosted its stake in Gaming and Leisure Properties by 2,547.6% in the 3rd quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 535 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in Gaming and Leisure Properties in the 4th quarter worth $31,000. Farther Finance Advisors LLC grew its holdings in shares of Gaming and Leisure Properties by 142.2% during the third quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 384 shares in the last quarter. CKW Financial Group grew its holdings in shares of Gaming and Leisure Properties by 75.0% during the fourth 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 in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Gaming and Leisure Properties during the third quarter worth $39,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Analysts Set New Price Targets

GLPI has been the topic of a number of recent research reports. Mizuho cut their target price on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Wells Fargo & Company lifted their price target on Gaming and Leisure Properties from $50.00 to $51.00 and gave the company an “equal weight” rating in a report on Monday. Barclays reduced 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. Royal Bank of Canada lowered their price objective on Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. Finally, Stifel Nicolaus upped their price target on Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Gaming and Leisure Properties presently has an average rating of “Moderate Buy” and an average target price of $53.96.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI opened at $49.75 on Thursday. Gaming and Leisure Properties, Inc. has a twelve month low of $41.80 and a twelve month high of $52.60. The stock’s 50 day moving average price is $48.67 and its 200-day moving average price is $49.81. The company has a market capitalization of $13.67 billion, a PE ratio of 17.33, a PEG ratio of 2.01 and a beta of 1.00. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62.

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

Gaming and Leisure Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued 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 dividend yield of 6.11%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 105.92%.

Insider Buying and Selling

In other news, SVP Matthew Demchyk sold 1,149 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $47.80, for a total value of $54,922.20. Following the transaction, the senior vice president now owns 91,620 shares of the company’s stock, valued at approximately $4,379,436. This represents a 1.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director E Scott Urdang sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $50.89, for a total transaction of $254,450.00. Following the completion of the transaction, the director now owns 140,953 shares of the company’s stock, valued at $7,173,098.17. This trade represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,064 shares of company stock valued at $2,778,908. 4.37% of the stock is owned by company insiders.

Gaming and Leisure Properties Profile

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.