Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Stock Holdings Trimmed by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Get Rating) by 5.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,700 shares of the real estate investment trust’s stock after selling 4,600 shares during the period. Thrivent Financial for Lutherans’ holdings in Gaming and Leisure Properties were worth $4,412,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Gaming and Leisure Properties by 5.3% during the 3rd quarter. Vanguard Group Inc. now owns 36,132,441 shares of the real estate investment trust’s stock valued at $1,598,500,000 after acquiring an additional 1,817,088 shares in the last quarter. BlackRock Inc. raised its stake in Gaming and Leisure Properties by 11.2% during the 3rd quarter. BlackRock Inc. now owns 17,418,081 shares of the real estate investment trust’s stock valued at $770,577,000 after acquiring an additional 1,754,145 shares in the last quarter. Wellington Management Group LLP raised its stake in Gaming and Leisure Properties by 13.6% during the 1st 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 acquiring an additional 1,255,222 shares in the last quarter. State Street Corp raised its stake in Gaming and Leisure Properties by 13.3% during the 3rd quarter. State Street Corp now owns 8,601,835 shares of the real estate investment trust’s stock valued at $380,545,000 after acquiring an additional 1,007,504 shares in the last quarter. Finally, Putnam Investments LLC raised its stake in Gaming and Leisure Properties by 0.4% during the 3rd quarter. Putnam Investments LLC now owns 8,297,604 shares of the real estate investment trust’s stock valued at $367,086,000 after acquiring an additional 34,846 shares in the last quarter. Institutional investors own 90.69% of the company’s stock.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ GLPI opened at $49.10 on Monday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $12.88 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 4.70 and a beta of 0.99. The stock’s fifty day simple moving average is $51.05 and its 200 day simple moving average is $51.68. Gaming and Leisure Properties, Inc. has a 52-week low of $42.71 and a 52-week high of $55.13.

Gaming and Leisure Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Friday, March 10th were given a $0.97 dividend. The ex-dividend date was Thursday, March 9th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 7.90%. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.71. Gaming and Leisure Properties’s payout ratio is currently 98.97%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GLPI. JMP Securities reiterated a “market outperform” rating and set a $57.00 price target on shares of Gaming and Leisure Properties in a research report on Tuesday, March 21st. StockNews.com cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. Finally, Raymond James lifted their price target on Gaming and Leisure Properties from $55.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, April 6th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $56.80.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, March 1st. The shares were acquired at an average cost of $53.82 per share, for a total transaction of $53,820.00. Following the completion of the purchase, the director now owns 150,132 shares of the company’s stock, valued at approximately $8,080,104.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.60% of the stock is currently owned by corporate insiders.

About Gaming and Leisure Properties

(Get Rating)

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.