Great West Life Assurance Co. Can lifted its stake in Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 8.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,592 shares of the real estate investment trust’s stock after acquiring an additional 2,432 shares during the period. Great West Life Assurance Co. Can’s holdings in Gaming and Leisure Properties were worth $1,177,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in GLPI. Parallel Advisors LLC grew its stake in shares of Gaming and Leisure Properties by 50.6% in the fourth quarter. Parallel Advisors LLC now owns 905 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 304 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Gaming and Leisure Properties by 39.9% in the first quarter. Quadrant Capital Group LLC now owns 988 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 282 shares during the last quarter. Ffcm LLC grew its stake in shares of Gaming and Leisure Properties by 72.4% in the fourth quarter. Ffcm LLC now owns 1,141 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 479 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of Gaming and Leisure Properties by 43.4% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,434 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 434 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Gaming and Leisure Properties by 50.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,787 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 602 shares during the last quarter. Institutional investors and hedge funds own 88.31% of the company’s stock.

Several brokerages recently commented on GLPI. BidaskClub raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Wednesday, March 13th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $41.00 target price on shares of Gaming and Leisure Properties in a research report on Wednesday, March 20th. Deutsche Bank reaffirmed a “buy” rating and issued a $47.00 target price on shares of Gaming and Leisure Properties in a research report on Sunday, May 12th. Zacks Investment Research cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Friday, February 15th. Finally, Stifel Nicolaus raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and raised their target price for the stock from $39.00 to $43.00 in a research report on Monday, April 15th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $42.80.

In other Gaming and Leisure Properties news, CAO Desiree A. Burke sold 41,458 shares of Gaming and Leisure Properties stock in a transaction on Friday, April 5th. The stock was sold at an average price of $39.06, for a total transaction of $1,619,349.48. Following the completion of the transaction, the chief accounting officer now directly owns 119,264 shares of the company’s stock, valued at $4,658,451.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.88% of the stock is owned by company insiders.

Shares of GLPI stock opened at $40.39 on Thursday. The firm has a market capitalization of $8.66 billion, a P/E ratio of 12.44, a PEG ratio of 0.97 and a beta of 0.58. Gaming and Leisure Properties Inc has a one year low of $31.19 and a one year high of $40.69. The company has a debt-to-equity ratio of 2.72, a current ratio of 2.99 and a quick ratio of 2.99.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.68 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $2.72 annualized dividend and a yield of 6.73%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 85.53%.

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About Gaming and Leisure Properties

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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