Aew Capital Management L P Raises Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Aew Capital Management L P boosted its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,570 shares of the real estate investment trust’s stock after purchasing an additional 1,030 shares during the quarter. Aew Capital Management L P’s holdings in Gaming and Leisure Properties were worth $2,594,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of GLPI. Operose Advisors LLC purchased a new position in shares of Gaming and Leisure Properties in the 3rd quarter valued at about $32,000. GAMMA Investing LLC purchased a new position in shares of Gaming and Leisure Properties in the 4th quarter valued at about $51,000. Armstrong Advisory Group Inc. increased its holdings in shares of Gaming and Leisure Properties by 166.2% in the 4th quarter. Armstrong Advisory Group Inc. now owns 1,203 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 751 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Gaming and Leisure Properties in the 3rd quarter valued at about $79,000. Finally, CWM LLC increased its holdings in shares of Gaming and Leisure Properties by 38.7% in the 3rd quarter. CWM LLC now owns 1,954 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 545 shares during the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Performance

Gaming and Leisure Properties stock traded down $0.97 during mid-day trading on Friday, reaching $42.46. 1,753,831 shares of the company were exchanged, compared to its average volume of 1,411,867. Gaming and Leisure Properties, Inc. has a twelve month low of $41.80 and a twelve month high of $52.31. The firm’s 50-day simple moving average is $44.87 and its two-hundred day simple moving average is $45.91. The company has a debt-to-equity ratio of 1.48, a quick ratio of 7.41 and a current ratio of 7.41. The firm has a market cap of $11.53 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 5.43 and a beta of 0.94.

Gaming and Leisure Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 7.16%. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Thursday, March 14th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 109.75%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GLPI. StockNews.com upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Thursday, February 29th. Royal Bank of Canada decreased their target price on Gaming and Leisure Properties from $50.00 to $49.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th. Mizuho decreased their target price on Gaming and Leisure Properties from $50.00 to $47.00 and set a “neutral” rating for the company in a research report on Thursday, March 7th. JMP Securities reissued a “market outperform” rating and issued a $53.00 target price on shares of Gaming and Leisure Properties in a research report on Monday, March 4th. Finally, Morgan Stanley decreased their target price on Gaming and Leisure Properties from $55.00 to $53.00 and set an “overweight” rating for the company in a research report on Thursday, March 21st. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $52.09.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang purchased 2,500 shares of Gaming and Leisure Properties stock in a transaction dated Friday, March 1st. The stock was acquired at an average cost of $45.00 per share, with a total value of $112,500.00. Following the acquisition, the director now directly owns 156,685 shares of the company’s stock, valued at $7,050,825. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 4.40% of the stock is owned by insiders.

Gaming and Leisure Properties Company Profile

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.