Inceptionr LLC Buys 15,235 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Inceptionr LLC lifted its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 76.4% during the fourth quarter, HoldingsChannel reports. The firm owned 35,172 shares of the real estate investment trust’s stock after purchasing an additional 15,235 shares during the period. Inceptionr LLC’s holdings in Gaming and Leisure Properties were worth $1,694,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GLPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Gaming and Leisure Properties by 647.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,025,526 shares of the real estate investment trust’s stock worth $104,213,000 after purchasing an additional 1,754,370 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Gaming and Leisure Properties in the fourth quarter worth about $49,188,000. Franklin Resources Inc. grew its holdings in shares of Gaming and Leisure Properties by 7.8% in the third quarter. Franklin Resources Inc. now owns 12,259,224 shares of the real estate investment trust’s stock worth $641,059,000 after purchasing an additional 889,698 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Gaming and Leisure Properties by 25.3% in the third quarter. Jennison Associates LLC now owns 4,075,461 shares of the real estate investment trust’s stock worth $209,682,000 after purchasing an additional 821,634 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Gaming and Leisure Properties by 6,162.9% in the third quarter. Janus Henderson Group PLC now owns 812,981 shares of the real estate investment trust’s stock worth $41,820,000 after purchasing an additional 800,000 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors.

Insider Activity at Gaming and Leisure Properties

In related news, SVP Matthew Demchyk sold 1,149 shares of the 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 of the company’s stock, valued at $4,379,436. This trade represents a 1.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Brandon John Moore sold 3,982 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total transaction of $190,498.88. Following the transaction, the chief operating officer now directly owns 278,634 shares of the company’s stock, valued at $13,329,850.56. This represents a 1.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,161 shares of company stock valued at $2,425,521 in the last three months. 4.37% of the stock is owned by insiders.

Gaming and Leisure Properties Stock Up 1.2 %

NASDAQ:GLPI opened at $50.40 on Thursday. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $52.60. 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 0.99. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. The company’s 50-day simple moving average is $48.39 and its 200-day simple moving average is $49.79.

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 firm had revenue of $389.62 million during the quarter, compared to analyst estimates 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 analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 6.03%. The ex-dividend date of this dividend is Friday, March 14th. Gaming and Leisure Properties’s payout ratio is currently 105.92%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Royal Bank of Canada dropped their target price on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. 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 report on Tuesday, November 26th. Morgan Stanley cut shares of 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. Deutsche Bank Aktiengesellschaft upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and increased their target price for the stock from $49.00 to $54.00 in a report on Wednesday, November 20th. Finally, Barclays dropped their target price on shares of Gaming and Leisure Properties from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $54.04.

Gaming and Leisure Properties 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.