Mackenzie Financial Corp Sells 11,334 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Mackenzie Financial Corp decreased its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 241,234 shares of the real estate investment trust's stock after selling 11,334 shares during the quarter. Mackenzie Financial Corp owned about 0.09% of Gaming and Leisure Properties worth $11,618,000 at the end of the most recent quarter.

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Several other hedge funds have also recently added to or reduced their stakes in GLPI. Stonebridge Financial Group LLC bought a new stake in shares of Gaming and Leisure Properties in the 4th quarter worth approximately $31,000. Quarry LP lifted its position in shares of Gaming and Leisure Properties by 52.5% in the 4th quarter. Quarry LP now owns 979 shares of the real estate investment trust's stock worth $47,000 after acquiring an additional 337 shares during the period. Bessemer Group Inc. lifted its position in shares of Gaming and Leisure Properties by 149.8% in the 4th quarter. Bessemer Group Inc. now owns 1,029 shares of the real estate investment trust's stock worth $49,000 after acquiring an additional 617 shares during the period. Parvin Asset Management LLC bought a new stake in shares of Gaming and Leisure Properties in the 4th quarter worth approximately $53,000. Finally, Venturi Wealth Management LLC lifted its position in shares of Gaming and Leisure Properties by 59.7% in the 4th quarter. Venturi Wealth Management LLC now owns 1,730 shares of the real estate investment trust's stock worth $83,000 after acquiring an additional 647 shares during the period. Institutional investors own 91.14% of the company's stock.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 1,903 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $51.99, for a total value of $98,936.97. Following the transaction, the senior vice president now directly owns 41,298 shares in the company, valued at approximately $2,147,083.02. This trade represents a 4.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director E Scott Urdang sold 5,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $50.89, for a total value of $254,450.00. Following the completion of the transaction, the director now owns 140,953 shares in the company, valued at $7,173,098.17. This represents a 3.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,842 shares of company stock worth $905,361. Insiders own 4.26% of the company's stock.

Gaming and Leisure Properties Trading Up 0.5%

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GLPI stock opened at $46.44 on Wednesday. The business has a fifty day moving average price of $48.03 and a 200 day moving average price of $48.75. Gaming and Leisure Properties, Inc. has a fifty-two week low of $42.86 and a fifty-two week high of $52.60. The stock has a market capitalization of $12.76 billion, a price-to-earnings ratio of 16.18, a P/E/G ratio of 2.01 and a beta of 0.81. 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 (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.96 EPS for the quarter, meeting analysts' consensus estimates of $0.96. The firm had revenue of $395.24 million for the quarter, compared to analyst estimates of $396.27 million. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. The business's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $0.92 EPS. Analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 6.72%. This is a positive change from Gaming and Leisure Properties's previous quarterly dividend of $0.76. The ex-dividend date is Friday, June 13th. Gaming and Leisure Properties's dividend payout ratio (DPR) is presently 111.03%.

Analyst Ratings Changes

A number of analysts have commented on GLPI shares. Scotiabank reduced their price objective on Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating for the company in a research report on Monday, May 12th. Wells Fargo & Company increased their target price on Gaming and Leisure Properties from $50.00 to $51.00 and gave the stock an "equal weight" rating in a report on Monday, March 10th. Macquarie reissued an "outperform" rating and issued a $60.00 target price on shares of Gaming and Leisure Properties in a report on Friday, April 25th. Royal Bank of Canada dropped their target price on Gaming and Leisure Properties from $56.00 to $54.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Finally, Barclays increased their target price on Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 22nd. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $54.63.

View Our Latest Research Report on Gaming and Leisure Properties

Gaming and Leisure Properties 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.

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