Duff & Phelps Investment Management Co. Has $40.39 Million Stock Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Duff & Phelps Investment Management Co. boosted its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 16.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 838,720 shares of the real estate investment trust’s stock after buying an additional 116,600 shares during the period. Duff & Phelps Investment Management Co. owned approximately 0.31% of Gaming and Leisure Properties worth $40,393,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Stonebridge Financial Group LLC purchased a new position in shares of Gaming and Leisure Properties during the fourth quarter valued at approximately $31,000. CKW Financial Group boosted its holdings in Gaming and Leisure Properties by 75.0% during the 4th quarter. CKW Financial Group now owns 700 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 300 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Gaming and Leisure Properties in the third quarter valued at about $39,000. Wilmington Savings Fund Society FSB bought a new position in shares of Gaming and Leisure Properties during the third quarter valued at about $66,000. Finally, UMB Bank n.a. boosted its holdings in Gaming and Leisure Properties by 57.4% during the fourth 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 during the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $50.89, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Matthew Demchyk sold 1,903 shares of Gaming and Leisure Properties stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $51.99, for a total value of $98,936.97. Following the sale, the senior vice president now directly owns 41,298 shares of the company’s stock, valued at approximately $2,147,083.02. This trade represents a 4.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,064 shares of company stock valued at $2,778,908 in the last quarter. Corporate insiders own 4.37% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. JMP Securities reissued a “market outperform” rating and set a $55.00 target price on shares of Gaming and Leisure Properties in a research report on Wednesday, December 18th. Wells Fargo & Company upped their price objective on Gaming and Leisure Properties from $50.00 to $51.00 and gave the company an “equal weight” rating in a research note on Monday, March 10th. Morgan Stanley cut 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 research note on Wednesday, January 15th. JPMorgan Chase & Co. upgraded shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $49.00 to $54.00 in a research note on Friday, December 13th. Finally, Royal Bank of Canada decreased their price target on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. Six 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 currently has an average rating of “Moderate Buy” and an average price target of $53.96.

Gaming and Leisure Properties Stock Down 1.0 %

Shares of NASDAQ:GLPI opened at $50.49 on Friday. The firm has a fifty day moving average price of $49.44 and a two-hundred day moving average price of $49.74. The company has a market cap of $13.88 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 2.01 and a beta of 1.00. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. Gaming and Leisure Properties, Inc. has a one year low of $41.80 and a one year high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.01. The company had revenue of $389.62 million during the quarter, compared to analyst estimates of $391.54 million. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. Analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.04 annualized dividend and a yield of 6.02%. Gaming and Leisure Properties’s payout ratio is presently 105.92%.

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.