Shell Asset Management Co. Has $468,000 Stock Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Shell Asset Management Co. lessened its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPIFree Report) by 37.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,275 shares of the real estate investment trust’s stock after selling 6,104 shares during the quarter. Shell Asset Management Co.’s holdings in Gaming and Leisure Properties were worth $468,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Norges Bank acquired a new position in Gaming and Leisure Properties in the fourth quarter valued at about $129,106,000. Bank of New York Mellon Corp raised its stake in Gaming and Leisure Properties by 78.5% in the third quarter. Bank of New York Mellon Corp now owns 2,906,793 shares of the real estate investment trust’s stock valued at $132,404,000 after purchasing an additional 1,278,566 shares in the last quarter. Wellington Management Group LLP raised its stake in Gaming and Leisure Properties by 13.6% in the first quarter. Wellington Management Group LLP now owns 10,515,906 shares of the real estate investment trust’s stock valued at $493,511,000 after purchasing an additional 1,255,222 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Gaming and Leisure Properties by 811.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,349,554 shares of the real estate investment trust’s stock valued at $70,260,000 after purchasing an additional 1,201,444 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Gaming and Leisure Properties by 3.6% in the first quarter. Vanguard Group Inc. now owns 34,218,955 shares of the real estate investment trust’s stock valued at $1,605,894,000 after purchasing an additional 1,199,697 shares in the last quarter. Institutional investors own 89.08% of the company’s stock.

Analyst Ratings Changes

GLPI has been the subject of a number of analyst reports. Mizuho boosted their price target on Gaming and Leisure Properties from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. The Goldman Sachs Group started coverage on Gaming and Leisure Properties in a research note on Friday, December 8th. They set a “neutral” rating and a $51.00 target price for the company. JPMorgan Chase & Co. downgraded Gaming and Leisure Properties from an “overweight” rating to a “neutral” rating and set a $48.00 target price for the company. in a research note on Thursday, December 14th. JMP Securities reissued a “market outperform” rating and set a $53.00 target price on shares of Gaming and Leisure Properties in a research note on Thursday. Finally, Royal Bank of Canada lowered their target price on Gaming and Leisure Properties from $54.00 to $50.00 and set an “outperform” rating for the company in a research note on Monday, October 30th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.73.

Read Our Latest Research Report on GLPI

Insider Transactions at Gaming and Leisure Properties

In related news, SVP Matthew Demchyk sold 25,391 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $48.87, for a total value of $1,240,858.17. Following the sale, the senior vice president now directly owns 57,976 shares in the company, valued at $2,833,287.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Desiree A. Burke sold 1,600 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $49.31, for a total value of $78,896.00. Following the sale, the chief financial officer now directly owns 147,710 shares in the company, valued at $7,283,580.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Matthew Demchyk sold 25,391 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $48.87, for a total value of $1,240,858.17. Following the completion of the sale, the senior vice president now owns 57,976 shares in the company, valued at $2,833,287.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,614 shares of company stock worth $2,621,353. Insiders own 4.40% of the company’s stock.

Gaming and Leisure Properties Stock Performance

NASDAQ:GLPI opened at $45.72 on Monday. The stock has a market cap of $12.21 billion, a P/E ratio of 16.69, a price-to-earnings-growth ratio of 4.78 and a beta of 0.95. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.46. The stock’s 50-day moving average is $47.20 and its 200-day moving average is $46.71. Gaming and Leisure Properties, Inc. has a 1-year low of $43.54 and a 1-year high of $55.13.

Gaming and Leisure Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 6.39%. The ex-dividend date of this dividend was Thursday, December 7th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 106.57%.

Gaming and Leisure Properties Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Gaming and Leisure Properties (NASDAQ:GLPI)

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