Mitsubishi UFJ Trust & Banking Corp Sells 105,847 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 34.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 197,053 shares of the real estate investment trust’s stock after selling 105,847 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Gaming and Leisure Properties were worth $9,490,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. LPL Financial LLC boosted its stake in Gaming and Leisure Properties by 30.9% in the fourth quarter. LPL Financial LLC now owns 185,861 shares of the real estate investment trust’s stock valued at $8,951,000 after acquiring an additional 43,850 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Gaming and Leisure Properties by 67.2% in the 4th quarter. Sei Investments Co. now owns 908,161 shares of the real estate investment trust’s stock valued at $43,737,000 after purchasing an additional 364,942 shares during the period. American Century Companies Inc. boosted its position in shares of Gaming and Leisure Properties by 3.4% in the 4th quarter. American Century Companies Inc. now owns 94,192 shares of the real estate investment trust’s stock worth $4,536,000 after purchasing an additional 3,141 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Gaming and Leisure Properties by 37.0% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 145,326 shares of the real estate investment trust’s stock worth $6,999,000 after purchasing an additional 39,280 shares during the period. Finally, Xponance Inc. increased its holdings in Gaming and Leisure Properties by 7.0% in the fourth quarter. Xponance Inc. now owns 48,204 shares of the real estate investment trust’s stock valued at $2,322,000 after purchasing an additional 3,147 shares during the last quarter. Institutional investors own 91.14% of the company’s stock.

Insider Buying and Selling 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 value of $190,498.88. Following the completion of the transaction, the chief operating officer now owns 278,634 shares in the company, valued at $13,329,850.56. This trade represents a 1.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Matthew Demchyk sold 1,149 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $47.80, for a total value of $54,922.20. Following the sale, the senior vice president now owns 91,620 shares in the company, valued at $4,379,436. The trade was a 1.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,064 shares of company stock worth $2,778,908. Insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Stock Down 0.2 %

GLPI stock opened at $50.40 on Friday. 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 stock has a market capitalization of $13.85 billion, a P/E ratio of 17.56, a P/E/G ratio of 2.01 and a beta of 1.00. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $52.60. The business has a 50-day moving average of $49.49 and a 200-day moving average of $49.71.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share 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 the consensus estimate of $391.54 million. On average, sell-side analysts anticipate 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 firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.76 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.04 annualized dividend and a yield of 6.03%. Gaming and Leisure Properties’s payout ratio is currently 105.92%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GLPI shares. Wells Fargo & Company boosted their target price on Gaming and Leisure Properties from $50.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, March 10th. Royal Bank of Canada decreased their price objective on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating for the company in a report on Monday, February 24th. Scotiabank cut their target price on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. JMP Securities reissued a “market outperform” rating and issued a $55.00 price target on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Finally, Barclays lowered their price objective on shares of Gaming and Leisure Properties from $55.00 to $53.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 4th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Gaming and Leisure Properties presently has an average rating of “Moderate Buy” and a consensus price target of $53.96.

Gaming and Leisure Properties Profile

Gaming & Leisure Properties, Inc engages in the provision of 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.