Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Purchased by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC lifted its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 8.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,361,899 shares of the real estate investment trust’s stock after purchasing an additional 103,440 shares during the period. Thompson Siegel & Walmsley LLC owned approximately 0.50% of Gaming and Leisure Properties worth $65,589,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. raised its position 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 buying an additional 535 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Gaming and Leisure Properties in the fourth quarter valued at $31,000. Farther Finance Advisors LLC boosted 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 during the last quarter. CKW Financial Group boosted 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 during the last quarter. Finally, Brooklyn Investment Group acquired a new position in Gaming and Leisure Properties in the third quarter valued at $39,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Price Performance

GLPI stock opened at $49.75 on Thursday. Gaming and Leisure Properties, Inc. has a 52-week low of $41.80 and a 52-week high of $52.60. The company has a fifty day moving average price of $48.67 and a 200-day moving average price of $49.81. The company has a market capitalization of $13.67 billion, a P/E ratio of 17.33, a PEG ratio of 2.01 and a beta of 1.00. 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 (NASDAQ:GLPI) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. The firm had revenue of $389.62 million during the quarter, compared to analysts’ expectations of $391.54 million. As a group, equities analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 6.11%. The ex-dividend date is Friday, March 14th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 105.92%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on GLPI shares. Barclays reduced 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. Morgan Stanley lowered Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 target price for the company. in a report on Wednesday, January 15th. Wells Fargo & Company increased their price objective on Gaming and Leisure Properties from $50.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday. Stifel Nicolaus upped their target price on Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Mizuho cut their price objective on Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating for the company in a research report on Thursday, November 14th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $53.96.

Insider Buying and Selling

In related news, SVP Matthew Demchyk sold 1,149 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $47.80, for a total transaction of $54,922.20. Following the sale, the senior vice president now directly owns 91,620 shares of the company’s stock, valued at approximately $4,379,436. This represents a 1.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 sale, the director now directly owns 140,953 shares in the company, valued at approximately $7,173,098.17. The trade was a 3.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,064 shares of company stock valued at $2,778,908. Company insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Company Profile

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.