Charles Schwab Investment Management Inc. Has $158.13 Million Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Charles Schwab Investment Management Inc. lowered its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 1.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,283,459 shares of the real estate investment trust’s stock after selling 44,007 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Gaming and Leisure Properties were worth $158,131,000 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Gaming and Leisure Properties by 647.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,025,526 shares of the real estate investment trust’s stock worth $104,213,000 after acquiring an additional 1,754,370 shares during the last quarter. Franklin Resources Inc. grew its position 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. Jennison Associates LLC grew its position in Gaming and Leisure Properties by 25.3% during the 3rd quarter. Jennison Associates LLC now owns 4,075,461 shares of the real estate investment trust’s stock worth $209,682,000 after acquiring an additional 821,634 shares during the last quarter. Janus Henderson Group PLC grew its position in Gaming and Leisure Properties by 6,162.9% during the 3rd quarter. Janus Henderson Group PLC now owns 812,981 shares of the real estate investment trust’s stock worth $41,820,000 after acquiring an additional 800,000 shares during the last quarter. Finally, Aew Capital Management L P grew its position in Gaming and Leisure Properties by 1,786.5% during the 4th quarter. Aew Capital Management L P now owns 761,600 shares of the real estate investment trust’s stock worth $36,679,000 after acquiring an additional 721,230 shares during the last quarter. Institutional investors own 91.14% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on GLPI. JPMorgan Chase & Co. raised 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. Stifel Nicolaus lifted their target price on Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Mizuho dropped their price objective on Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Barclays dropped 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. Finally, Deutsche Bank Aktiengesellschaft raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and boosted their price objective for the company from $49.00 to $54.00 in a research note on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $54.04.

Gaming and Leisure Properties Trading Up 1.2 %

Shares of GLPI stock opened at $50.61 on Friday. 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 company has a market capitalization of $13.91 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 2.01 and a beta of 1.00. The business’s fifty day moving average is $48.48 and its 200 day moving average is $49.80.

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

Gaming and Leisure Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.76 per share. The ex-dividend date is Friday, March 14th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.01%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 105.92%.

Insider Activity

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 10,474 shares of the firm’s stock in a transaction dated 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 directly owns 71,757 shares in the company, valued at $3,488,825.34. This trade represents a 12.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Brandon John Moore sold 3,982 shares of Gaming and Leisure Properties stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,161 shares of company stock valued at $2,425,521. 4.37% of the stock is currently owned by insiders.

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.