Allspring Global Investments Holdings LLC Has $264.06 Million Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Allspring Global Investments Holdings LLC trimmed its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 0.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,527,454 shares of the real estate investment trust’s stock after selling 6,579 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Gaming and Leisure Properties were worth $264,059,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Assetmark Inc. boosted its holdings in shares of 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 worth $29,000 after acquiring an additional 535 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in Gaming and Leisure Properties in the 4th quarter valued at $31,000. Farther Finance Advisors LLC boosted its stake 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 worth $34,000 after purchasing an additional 384 shares in the last quarter. CKW Financial Group grew its holdings in shares of 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 purchasing an additional 300 shares during the last quarter. Finally, Abich Financial Wealth Management LLC increased its stake in shares of Gaming and Leisure Properties by 3,191.3% in the third quarter. Abich Financial Wealth Management LLC now owns 757 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 734 shares in the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus upped their target price on shares of 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. Barclays assumed coverage on Gaming and Leisure Properties in a report on Tuesday, December 17th. They set an “equal weight” rating and a $54.53 price objective on the stock. JMP Securities reissued a “market outperform” rating and issued a $55.00 target price on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and boosted their target price for the stock from $49.00 to $54.00 in a research report on Wednesday, November 20th. Finally, Mizuho decreased their price target 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. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $53.93.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 17,617 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.40, for a total transaction of $870,279.80. Following the sale, the senior vice president now directly owns 54,140 shares of the company’s stock, valued at $2,674,516. The trade was a 24.55 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Brandon John Moore sold 3,982 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were 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 owns 278,634 shares of the company’s stock, valued at $13,329,850.56. The trade was a 1.41 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,222 shares of company stock worth $1,624,947. Corporate insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Trading Down 0.7 %

NASDAQ GLPI opened at $48.76 on Wednesday. Gaming and Leisure Properties, Inc. has a one year low of $41.80 and a one year high of $52.60. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. The firm has a market cap of $13.38 billion, a P/E ratio of 17.05, a P/E/G ratio of 2.01 and a beta of 0.99. The stock’s 50-day moving average is $48.36 and its 200-day moving average is $49.80.

Gaming and Leisure Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date was Friday, December 6th. Gaming and Leisure Properties’s dividend payout ratio is presently 106.29%.

Gaming and Leisure Properties 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.