Dynamic Technology Lab Private Ltd Takes $350,000 Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Dynamic Technology Lab Private Ltd bought a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,269 shares of the real estate investment trust’s stock, valued at approximately $350,000.

A number of other institutional investors have also made changes to their positions in GLPI. Norges Bank acquired a new stake in shares of Gaming and Leisure Properties during the fourth quarter worth $176,123,000. Raymond James Financial Inc. acquired a new stake in shares of Gaming and Leisure Properties during the fourth quarter worth $49,188,000. Franklin Resources Inc. grew its stake in shares of Gaming and Leisure Properties by 7.8% during the third quarter. Franklin Resources Inc. now owns 12,259,224 shares of the real estate investment trust’s stock worth $641,059,000 after purchasing an additional 889,698 shares during the period. Aew Capital Management L P grew its stake in shares of Gaming and Leisure Properties by 1,786.5% during the fourth quarter. Aew Capital Management L P now owns 761,600 shares of the real estate investment trust’s stock worth $36,679,000 after purchasing an additional 721,230 shares during the period. Finally, Barclays PLC grew 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 worth $46,142,000 after purchasing an additional 505,382 shares during the period. 91.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. JMP Securities reaffirmed a “market outperform” rating and set a $55.00 price objective on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Morgan Stanley lowered Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 target price on the stock. in a report on Wednesday, January 15th. JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $49.00 to $54.00 in a report on Friday, December 13th. Mizuho lifted their target price on Gaming and Leisure Properties from $51.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, April 3rd. Finally, Barclays reduced 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 report on Tuesday, March 4th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $54.11.

Gaming and Leisure Properties Stock Performance

GLPI opened at $47.81 on Thursday. Gaming and Leisure Properties, Inc. has a 52-week low of $41.80 and a 52-week high of $52.60. The firm has a market capitalization of $13.14 billion, a PE ratio of 16.66, a PEG 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. The business’s 50-day simple moving average is $49.47 and its 200 day simple moving average is $49.51.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $389.62 million for the quarter, compared to analyst estimates of $391.54 million. As a group, sell-side 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 business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.76 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.04 annualized dividend and a yield of 6.36%. Gaming and Leisure Properties’s payout ratio is presently 105.92%.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 140,953 shares of the company’s stock, valued at $7,173,098.17. The trade was a 3.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Matthew Demchyk sold 10,474 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $48.62, for a total value of $509,245.88. Following the transaction, the senior vice president now directly owns 71,757 shares in the company, valued at approximately $3,488,825.34. This trade represents a 12.74 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,933 shares of company stock worth $2,533,487. 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.