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

Nomura Asset Management Co. Ltd. lifted its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 440,586 shares of the real estate investment trust’s stock after acquiring an additional 11,730 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.16% of Gaming and Leisure Properties worth $21,219,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC acquired a new stake in shares of Gaming and Leisure Properties during the fourth quarter worth $31,000. CKW Financial Group raised its stake in 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 acquiring an additional 300 shares during the period. Brooklyn Investment Group bought a new position in Gaming and Leisure Properties in the third quarter worth about $39,000. Wilmington Savings Fund Society FSB acquired a new position in Gaming and Leisure Properties in the third quarter valued at approximately $66,000. Finally, UMB Bank n.a. grew its holdings in shares of Gaming and Leisure Properties by 57.4% during the fourth quarter. UMB Bank n.a. now owns 1,368 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 499 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Trading Down 0.2 %

Shares of Gaming and Leisure Properties stock opened at $50.40 on Friday. The business has a fifty day simple moving average of $49.49 and a 200-day simple moving average of $49.71. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $52.60. The firm has a market cap of $13.85 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth 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 issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. The company 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%. On average, equities analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.76 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.04 annualized dividend and a dividend yield of 6.03%. Gaming and Leisure Properties’s dividend payout ratio is currently 105.92%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Morgan Stanley lowered Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price objective for the company. in a research report on Wednesday, January 15th. JMP Securities restated a “market outperform” rating and set a $55.00 price target on shares of Gaming and Leisure Properties in a research report on Wednesday, December 18th. JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $49.00 to $54.00 in a report on Friday, December 13th. Scotiabank reduced their target price on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. Finally, Royal Bank of Canada dropped their price target on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently 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 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Brandon John Moore sold 3,982 shares of Gaming and Leisure Properties stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total value of $190,498.88. Following the completion of the transaction, the chief operating officer now directly owns 278,634 shares in the company, valued at $13,329,850.56. This represents a 1.41 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,064 shares of company stock valued at $2,778,908. Corporate insiders own 4.37% of the company’s stock.

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.