Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Sold by TCW Group Inc.

TCW Group Inc. trimmed its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 65.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,812 shares of the real estate investment trust’s stock after selling 45,111 shares during the period. TCW Group Inc.’s holdings in Gaming and Leisure Properties were worth $1,147,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GLPI. Assetmark Inc. increased its holdings in shares of Gaming and Leisure Properties by 2,547.6% during the third quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 535 shares during the period. Stonebridge Financial Group LLC acquired a new position in Gaming and Leisure Properties during the fourth quarter worth about $31,000. Farther Finance Advisors LLC grew its holdings in Gaming and Leisure Properties by 142.2% during the third quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 384 shares during the period. CKW Financial Group grew its holdings 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. Finally, Abich Financial Wealth Management LLC grew its holdings in Gaming and Leisure Properties by 3,191.3% during the third quarter. Abich Financial Wealth Management LLC now owns 757 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 734 shares during the period. 91.14% of the stock is owned by institutional investors and hedge funds.

Gaming and Leisure Properties Trading Down 0.5 %

Shares of NASDAQ 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 firm has a market capitalization of $13.40 billion, a PE ratio of 17.02, a PEG ratio of 2.01 and a beta of 0.99. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. The business has a 50-day moving average price of $48.12 and a two-hundred day moving average price of $49.77.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. The firm had revenue of $389.62 million during the quarter, compared to analyst estimates of $391.54 million. As a group, analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The company also recently declared 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. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.22%. The ex-dividend date is Friday, March 14th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 105.92%.

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 dated Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total transaction of $190,498.88. Following the completion of the sale, the chief operating officer now directly owns 278,634 shares of the company’s stock, valued at $13,329,850.56. This trade represents a 1.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $54,922.20. Following the completion of the transaction, the senior vice president now directly owns 91,620 shares in the company, valued at $4,379,436. The trade was a 1.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,222 shares of company stock valued at $1,624,947 in the last three months. Corporate insiders own 4.37% of the company’s stock.

Wall Street Analysts Forecast Growth

GLPI has been the topic of a number of research analyst reports. Morgan Stanley lowered Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 target price on the stock. in a report on Wednesday, January 15th. JMP Securities reaffirmed a “market outperform” rating and set a $55.00 target price on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and lifted their target price for the stock from $49.00 to $54.00 in a report on Wednesday, November 20th. 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 target price on the stock. Finally, Scotiabank decreased their price target on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $54.15.

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.