Mitsubishi UFJ Asset Management Co. Ltd. Buys 32,190 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 9.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 389,480 shares of the real estate investment trust’s stock after purchasing an additional 32,190 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.14% of Gaming and Leisure Properties worth $18,641,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Stonebridge Financial Group LLC acquired a new stake in shares of Gaming and Leisure Properties in the fourth quarter valued at approximately $31,000. CKW Financial Group raised its holdings in Gaming and Leisure Properties by 75.0% in the fourth quarter. CKW Financial Group now owns 700 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 300 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Gaming and Leisure Properties during the third quarter worth about $66,000. UMB Bank n.a. increased its stake in Gaming and Leisure Properties by 57.4% during the 4th quarter. UMB Bank n.a. now owns 1,368 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 499 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Gaming and Leisure Properties by 59.7% during the fourth quarter. Venturi Wealth Management LLC now owns 1,730 shares of the real estate investment trust’s stock worth $83,000 after acquiring an additional 647 shares in the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI opened at $50.40 on Monday. The firm has a 50 day moving average of $49.49 and a 200-day moving average of $49.70. Gaming and Leisure Properties, Inc. has a 12 month low of $41.80 and a 12 month high of $52.60. 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 stock has a market capitalization of $13.85 billion, a PE ratio of 17.56, a PEG ratio of 2.01 and a beta of 1.00.

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, beating the consensus estimate of $0.94 by $0.01. The business had revenue of $389.62 million during the quarter, compared to the consensus estimate of $391.54 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. On average, equities research analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 6.03%. The ex-dividend date was Friday, March 14th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 105.92%.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $50.89, for a total value of $254,450.00. Following the sale, the director now owns 140,953 shares in the company, valued at $7,173,098.17. This trade represents a 3.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Matthew Demchyk sold 1,903 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $51.99, for a total transaction of $98,936.97. Following the sale, the senior vice president now directly owns 41,298 shares in the company, valued at approximately $2,147,083.02. The trade was a 4.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,064 shares of company stock worth $2,778,908 over the last 90 days. Insiders own 4.37% of the company’s stock.

Wall Street Analysts Forecast Growth

GLPI has been the topic of several research reports. Scotiabank cut their price objective on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $49.00 to $54.00 in a report on Friday, December 13th. JMP Securities reiterated a “market outperform” rating and issued a $55.00 price objective on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Wells Fargo & Company increased 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 note on Monday, March 10th. Finally, Barclays decreased their price target on shares of Gaming and Leisure Properties from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 4th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Gaming and Leisure Properties currently has an average rating of “Moderate Buy” and an average target price of $53.96.

Gaming and Leisure Properties Company 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.