Jennison Associates LLC Has $206.47 Million Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Jennison Associates LLC grew its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 5.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,287,118 shares of the real estate investment trust’s stock after purchasing an additional 211,657 shares during the period. Jennison Associates LLC’s holdings in Gaming and Leisure Properties were worth $206,468,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Assetmark Inc. grew its holdings 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 valued at $29,000 after buying an additional 535 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of 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 increased its position 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. Abich Financial Wealth Management LLC raised its stake in Gaming and Leisure Properties by 3,191.3% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 757 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 734 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in Gaming and Leisure Properties in the 3rd quarter valued at about $39,000. Institutional investors own 91.14% of the company’s stock.

Insider Transactions at Gaming and Leisure Properties

In other news, COO Brandon John Moore sold 3,982 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total transaction of $190,498.88. Following the completion of the transaction, the chief operating officer now owns 278,634 shares of the company’s stock, valued at approximately $13,329,850.56. This trade represents a 1.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Matthew Demchyk sold 1,149 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $47.80, for a total transaction of $54,922.20. Following the completion of the sale, the senior vice president now directly owns 91,620 shares in the company, valued at approximately $4,379,436. This represents a 1.24 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,222 shares of company stock worth $1,624,947. Insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Stock Down 0.1 %

Shares of GLPI opened at $48.39 on Monday. 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 52 week low of $41.80 and a 52 week high of $52.60. The stock has a market capitalization of $13.28 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 1.97 and a beta of 0.99. The stock has a fifty day moving average of $48.71 and a 200-day moving average of $49.79.

Gaming and Leisure Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.28%. The ex-dividend date was Friday, December 6th. Gaming and Leisure Properties’s payout ratio is 106.29%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GLPI. StockNews.com cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Scotiabank dropped their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. Mizuho reduced their target price 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. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $49.00 to $54.00 in a research note on Friday, December 13th. Finally, JMP Securities reiterated 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. Six investment 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 stock presently has an average rating of “Moderate Buy” and an average price target of $53.93.

About Gaming and Leisure Properties

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.