MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $59.38 Million Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 5.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,244,056 shares of the real estate investment trust’s stock after acquiring an additional 67,320 shares during the quarter. Gaming and Leisure Properties accounts for about 1.9% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s investment portfolio, making the stock its 14th biggest position. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Gaming and Leisure Properties were worth $59,379,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GLPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Gaming and Leisure Properties by 647.0% in the 3rd 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 valued at $104,213,000 after purchasing an additional 1,754,370 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Gaming and Leisure Properties by 7.8% during 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 buying an additional 889,698 shares in the last quarter. Jennison Associates LLC raised its stake 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 valued at $209,682,000 after acquiring an additional 821,634 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Gaming and Leisure Properties by 6,162.9% in the 3rd quarter. Janus Henderson Group PLC now owns 812,981 shares of the real estate investment trust’s stock worth $41,820,000 after acquiring an additional 800,000 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Gaming and Leisure Properties during the 3rd quarter worth approximately $27,057,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Insiders Place Their Bets

In related news, COO Brandon John Moore sold 3,982 shares of the business’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 value of $190,498.88. Following the completion of the transaction, the chief operating officer now directly owns 278,634 shares in the company, valued at approximately $13,329,850.56. The trade was a 1.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Matthew Demchyk sold 10,474 shares of Gaming and Leisure Properties stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $48.62, for a total transaction of $509,245.88. Following the completion of the transaction, the senior vice president now directly owns 71,757 shares in the company, valued at approximately $3,488,825.34. The trade was a 12.74 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,490 shares of company stock worth $1,251,189. Company insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Stock Down 0.7 %

NASDAQ:GLPI opened at $47.78 on Friday. The stock’s fifty day simple moving average is $48.90 and its 200-day simple moving average is $49.69. The firm has a market capitalization of $13.11 billion, a P/E ratio of 16.71, a P/E/G ratio of 1.96 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. 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 (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.25). Gaming and Leisure Properties had a net margin of 51.93% and a return on equity of 17.31%. The company had revenue of $385.34 million during the quarter, compared to the consensus estimate of $385.09 million. During the same period last year, the company earned $0.92 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. Equities research analysts expect that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 6.36%. The ex-dividend date of this dividend was Friday, December 6th. Gaming and Leisure Properties’s payout ratio is presently 106.29%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Wells Fargo & Company reiterated an “equal weight” rating and issued a $52.00 price objective (up previously from $51.00) on shares of Gaming and Leisure Properties in a research report on Tuesday, October 1st. JMP Securities reaffirmed a “market outperform” rating and issued a $55.00 price target on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Stifel Nicolaus increased their price objective 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. StockNews.com downgraded shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Finally, Scotiabank decreased their price target on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.93.

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.