Sumitomo Mitsui DS Asset Management Company Ltd Grows Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 78,064 shares of the real estate investment trust’s stock after purchasing an additional 3,630 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Gaming and Leisure Properties were worth $3,760,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Assetmark Inc. grew its stake in shares of 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 valued at $29,000 after buying an additional 535 shares during the period. 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 grew its position 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 valued at $34,000 after acquiring an additional 300 shares during the period. Abich Financial Wealth Management LLC increased its stake 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 last quarter. Finally, Brooklyn Investment Group acquired a new stake in Gaming and Leisure Properties during the third quarter worth about $39,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Insider Activity

In related news, COO Brandon John Moore sold 3,982 shares of the stock in a transaction dated Thursday, January 2nd. The shares were 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 in the company, valued at $13,329,850.56. This represents a 1.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Matthew Demchyk sold 1,149 shares of the company’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 transaction, the senior vice president now directly owns 91,620 shares of the company’s stock, valued at $4,379,436. This trade represents a 1.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,222 shares of company stock worth $1,624,947. 4.37% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GLPI has been the subject of a number of research analyst reports. Stifel Nicolaus increased 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. StockNews.com downgraded shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. JMP Securities reaffirmed a “market outperform” rating and set a $55.00 price target on shares of Gaming and Leisure Properties in a research report on Wednesday, December 18th. Morgan Stanley lowered Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price objective on the stock. in a research report on Wednesday, January 15th. Finally, Deutsche Bank Aktiengesellschaft raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and upped their target price for the stock from $49.00 to $54.00 in a research report on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Gaming and Leisure Properties currently has an average rating of “Moderate Buy” and a consensus target price of $53.93.

Gaming and Leisure Properties Stock Down 0.5 %

Shares of NASDAQ:GLPI opened at $49.08 on Monday. The firm has a market cap of $13.47 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99. The company has a fifty day simple moving average of $48.45 and a 200 day simple moving average of $49.80. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties, Inc. has a 12-month low of $41.80 and a 12-month high of $52.60.

Gaming and Leisure Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 6.19%. The ex-dividend date of this dividend was Friday, December 6th. Gaming and Leisure Properties’s payout ratio is currently 106.29%.

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.