Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH boosted its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 1.1% during the 4th quarter, Holdings Channel reports. The fund owned 520,395 shares of the real estate investment trust’s stock after acquiring an additional 5,786 shares during the quarter. Allianz Asset Management GmbH’s holdings in Gaming and Leisure Properties were worth $25,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in GLPI. Assetmark Inc. increased its position 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 acquiring an additional 535 shares during the period. Stonebridge Financial Group LLC acquired a new stake in Gaming and Leisure Properties in the 4th quarter valued at approximately $31,000. Farther Finance Advisors LLC boosted its stake in Gaming and Leisure Properties by 142.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 384 shares in the last quarter. CKW Financial Group boosted its stake in Gaming and Leisure Properties by 75.0% during the 4th quarter. CKW Financial Group now owns 700 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 300 shares in the last quarter. Finally, Abich Financial Wealth Management LLC increased its position in shares of Gaming and Leisure Properties by 3,191.3% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 757 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 734 shares during the period. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Gaming and Leisure Properties Stock Performance

Shares of GLPI opened at $48.85 on Tuesday. 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 50-day moving average of $48.12 and a two-hundred day moving average of $49.77. The stock has a market cap of $13.40 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 2.01 and a beta of 0.99. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 EPS for the quarter, topping the consensus estimate 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 company had revenue of $389.62 million during the quarter, compared to analysts’ expectations of $391.54 million. On average, equities research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 6.22%. The ex-dividend date is Friday, March 14th. Gaming and Leisure Properties’s dividend payout ratio is currently 105.92%.

Analysts Set New Price Targets

GLPI has been the topic of several research analyst reports. StockNews.com cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Royal Bank of Canada lowered their price target on Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Monday. JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $49.00 to $54.00 in a research report on Friday, December 13th. Deutsche Bank Aktiengesellschaft upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $49.00 to $54.00 in a research report on Wednesday, November 20th. Finally, Mizuho lowered their price target on Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $54.15.

Insider Buying and Selling

In related news, SVP Matthew Demchyk sold 1,149 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were 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 trade represents a 1.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Brandon John Moore sold 3,982 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total transaction of $190,498.88. Following the sale, the chief operating officer now owns 278,634 shares of the company’s stock, valued at approximately $13,329,850.56. This represents 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 sold 33,222 shares of company stock worth $1,624,947. 4.37% of the stock is owned by company insiders.

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.