Federated Hermes Inc. Has $47.60 Million Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Federated Hermes Inc. decreased its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 988,461 shares of the real estate investment trust’s stock after selling 79,299 shares during the quarter. Federated Hermes Inc. owned approximately 0.36% of Gaming and Leisure Properties worth $47,604,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GLPI. Norges Bank bought a new position in Gaming and Leisure Properties in the fourth quarter valued at about $176,123,000. Raymond James Financial Inc. acquired a new stake in Gaming and Leisure Properties during the 4th quarter worth approximately $49,188,000. Franklin Resources Inc. grew its holdings in Gaming and Leisure Properties by 7.8% during the 3rd quarter. Franklin Resources Inc. now owns 12,259,224 shares of the real estate investment trust’s stock worth $641,059,000 after acquiring an additional 889,698 shares during the last quarter. Aew Capital Management L P increased its position in Gaming and Leisure Properties by 1,786.5% in the 4th quarter. Aew Capital Management L P now owns 761,600 shares of the real estate investment trust’s stock valued at $36,679,000 after acquiring an additional 721,230 shares during the period. Finally, Barclays PLC raised its stake in shares of Gaming and Leisure Properties by 129.1% during the third quarter. Barclays PLC now owns 896,831 shares of the real estate investment trust’s stock valued at $46,142,000 after acquiring an additional 505,382 shares during the last quarter. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Down 2.9 %

GLPI stock opened at $46.49 on Tuesday. The stock’s 50 day simple moving average is $49.59 and its 200 day simple moving average is $49.61. The company has a market cap of $12.78 billion, a P/E ratio of 16.20, a price-to-earnings-growth ratio of 2.01 and a beta of 0.72. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $52.60.

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

Gaming and Leisure Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.54%. The ex-dividend date of this dividend was Friday, March 14th. Gaming and Leisure Properties’s dividend payout ratio is currently 105.92%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on GLPI shares. JMP Securities reissued a “market outperform” rating and issued a $55.00 price objective on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Wells Fargo & Company increased their price target on 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. Barclays cut their price objective on Gaming and Leisure Properties from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 4th. Royal Bank of Canada decreased their target price on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. upgraded shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $49.00 to $54.00 in a research report on Friday, December 13th. Six 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, the company presently has an average rating of “Moderate Buy” and an average target price of $54.11.

Insider Transactions at Gaming and Leisure Properties

In other news, SVP Matthew Demchyk sold 10,474 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $48.62, for a total value of $509,245.88. Following the completion of the sale, the senior vice president now owns 71,757 shares in the company, valued at $3,488,825.34. This represents a 12.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director E Scott Urdang sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $50.89, for a total transaction of $254,450.00. Following the transaction, the director now directly owns 140,953 shares in the company, valued at $7,173,098.17. The trade was a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,933 shares of company stock valued at $2,533,487 over the last three months. Corporate insiders own 4.37% of the company’s stock.

About Gaming and Leisure Properties

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.