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

Mirae Asset Global Investments Co. Ltd. decreased its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 24.8% during the 4th quarter, HoldingsChannel reports. The institutional investor 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 reporting period.

Several other institutional investors also recently modified their holdings of GLPI. Creative Planning raised its holdings in Gaming and Leisure Properties by 22.0% during the 3rd quarter. Creative Planning now owns 15,737 shares of the real estate investment trust’s stock worth $810,000 after buying an additional 2,841 shares during the period. Kapitalo Investimentos Ltda purchased a new stake in shares of Gaming and Leisure Properties in the 3rd quarter valued at approximately $230,000. Opal Wealth Advisors LLC boosted its stake in Gaming and Leisure Properties by 11.9% in the 3rd quarter. Opal Wealth Advisors LLC now owns 4,844 shares of the real estate investment trust’s stock worth $249,000 after purchasing an additional 517 shares during the period. Marshall Financial Group LLC boosted its stake in Gaming and Leisure Properties by 1.4% in the 3rd quarter. Marshall Financial Group LLC now owns 20,917 shares of the real estate investment trust’s stock worth $1,076,000 after purchasing an additional 289 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Gaming and Leisure Properties by 5.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 74,434 shares of the real estate investment trust’s stock worth $3,830,000 after purchasing an additional 3,827 shares in the last quarter. Institutional investors own 91.14% of the company’s stock.

Insider Buying and Selling

In other news, SVP Matthew Demchyk sold 1,149 shares of Gaming and Leisure Properties stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $47.80, for a total value of $54,922.20. Following the completion of the sale, the senior vice president now directly owns 91,620 shares of the company’s stock, valued at approximately $4,379,436. This trade represents a 1.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Brandon John Moore sold 3,982 shares of Gaming and Leisure Properties stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total value of $190,498.88. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders sold 33,222 shares of company stock worth $1,624,947 in the last quarter. Insiders own 4.37% of the company’s stock.

Wall Street Analyst Weigh In

GLPI has been the topic of several research analyst reports. StockNews.com cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Deutsche Bank Aktiengesellschaft upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $49.00 to $54.00 in a research note on Wednesday, November 20th. JMP Securities reissued a “market outperform” rating and set a $55.00 target price on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $49.00 to $54.00 in a research note on Friday, December 13th. Finally, Scotiabank reduced their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Gaming and Leisure Properties presently has a consensus rating of “Moderate Buy” and an average target price of $53.93.

Gaming and Leisure Properties Stock Down 0.7 %

Shares of NASDAQ:GLPI opened at $48.44 on Thursday. Gaming and Leisure Properties, Inc. has a 12 month low of $41.80 and a 12 month high of $52.60. The firm has a market cap 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. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. The company’s 50-day moving average price is $48.30 and its two-hundred day moving average price is $49.79.

Gaming and Leisure Properties Dividend Announcement

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

Gaming and Leisure Properties Company 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.