Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. trimmed its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 24.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,880 shares of the real estate investment trust’s stock after selling 2,927 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Gaming and Leisure Properties were worth $425,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GLPI. Segall Bryant & Hamill LLC purchased a new stake in shares of Gaming and Leisure Properties during the third quarter worth $693,000. Sanctuary Advisors LLC increased its holdings in Gaming and Leisure Properties by 76.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 32,316 shares of the real estate investment trust’s stock worth $1,646,000 after purchasing an additional 13,965 shares during the period. Zacks Investment Management raised its position in Gaming and Leisure Properties by 10.9% in the 3rd quarter. Zacks Investment Management now owns 522,197 shares of the real estate investment trust’s stock valued at $26,867,000 after purchasing an additional 51,398 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Gaming and Leisure Properties by 87.5% in the 3rd quarter. Cerity Partners LLC now owns 14,410 shares of the real estate investment trust’s stock valued at $741,000 after buying an additional 6,724 shares during the period. Finally, Merit Financial Group LLC acquired a new position in shares of Gaming and Leisure Properties during the fourth quarter worth about $526,000. 91.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on GLPI shares. Deutsche Bank Aktiengesellschaft upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and boosted their target price for the stock from $49.00 to $54.00 in a research note on Wednesday, November 20th. JMP Securities reaffirmed a “market outperform” rating and set a $55.00 price objective on shares of Gaming and Leisure Properties in a research report on Wednesday, December 18th. Stifel Nicolaus raised their target price on Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and upped their price target for the company from $49.00 to $54.00 in a report on Friday, December 13th. Finally, Morgan Stanley cut shares of Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price objective on the stock. in a report on Wednesday, January 15th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Gaming and Leisure Properties presently has an average rating of “Moderate Buy” and a consensus target price of $53.93.

Gaming and Leisure Properties Stock Performance

Shares of GLPI stock opened at $48.44 on Thursday. 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 company’s fifty day moving average price is $48.30 and its two-hundred day moving average price is $49.79. The firm has a market capitalization of $13.29 billion, a P/E ratio of 16.94, a P/E/G ratio of 2.01 and a beta of 0.99. Gaming and Leisure Properties, Inc. has a 12 month low of $41.80 and a 12 month high of $52.60.

Gaming and Leisure Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.76 dividend. The ex-dividend date was Friday, December 6th. This represents a $3.04 dividend on an annualized basis and a yield of 6.28%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 106.29%.

Insider Activity at Gaming and Leisure Properties

In other news, COO Brandon John Moore sold 3,982 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total transaction of $190,498.88. Following the completion of the transaction, the chief operating officer now owns 278,634 shares of the company’s stock, valued at approximately $13,329,850.56. The trade was a 1.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Matthew Demchyk sold 1,149 shares of Gaming and Leisure Properties 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 sale, the senior vice president now directly owns 91,620 shares in the company, valued at approximately $4,379,436. This trade represents a 1.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,222 shares of company stock valued at $1,624,947 over the last three months. 4.37% of the stock is owned by insiders.

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.