Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Sold by AGF Management Ltd.

AGF Management Ltd. reduced its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 16.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,046 shares of the real estate investment trust’s stock after selling 9,738 shares during the period. AGF Management Ltd.’s holdings in Gaming and Leisure Properties were worth $2,458,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GLPI. Assetmark Inc. increased its holdings in Gaming and Leisure Properties by 2,547.6% during 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 during the period. Stonebridge Financial Group LLC purchased a new stake in shares of Gaming and Leisure Properties during the fourth quarter worth approximately $31,000. Farther Finance Advisors LLC raised its holdings in Gaming and Leisure Properties by 142.2% in the third quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 384 shares in the last quarter. CKW Financial Group raised its holdings in Gaming and Leisure Properties by 75.0% in the fourth quarter. CKW Financial Group now owns 700 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 300 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in Gaming and Leisure Properties in the third quarter worth approximately $39,000. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Stock Down 0.7 %

Shares of NASDAQ:GLPI opened at $49.41 on Friday. Gaming and Leisure Properties, Inc. has a 1-year low of $41.80 and a 1-year high of $52.60. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. The stock has a market cap of $13.58 billion, a P/E ratio of 17.22, a P/E/G ratio of 2.01 and a beta of 1.00. The firm has a fifty day moving average price of $48.67 and a 200 day moving average price of $49.81.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results 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 business had revenue of $389.62 million during the quarter, compared to the consensus estimate of $391.54 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. Sell-side analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date is Friday, March 14th. Gaming and Leisure Properties’s payout ratio is currently 105.92%.

Insider Transactions at Gaming and Leisure Properties

In other news, COO Brandon John Moore sold 3,982 shares of Gaming and Leisure Properties stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total value of $190,498.88. Following the sale, the chief operating officer now owns 278,634 shares of the company’s stock, valued at $13,329,850.56. The trade was a 1.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Matthew Demchyk sold 1,149 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $47.80, for a total transaction of $54,922.20. Following the transaction, the senior vice president now directly owns 91,620 shares of the company’s stock, valued at $4,379,436. This represents a 1.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,064 shares of company stock worth $2,778,908 over the last 90 days. 4.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on GLPI shares. Wells Fargo & Company increased their price objective on shares of Gaming and Leisure Properties from $50.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday. Stifel Nicolaus raised their price target on Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Royal Bank of Canada decreased their price target on 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. Mizuho dropped their price objective on Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a report on Thursday, November 14th. Finally, Barclays cut their target price 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. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Gaming and Leisure Properties has an average rating of “Moderate Buy” and a consensus price target of $53.96.

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.