Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Sold by Presima Securities ULC

Presima Securities ULC lessened its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 0.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 697,935 shares of the real estate investment trust’s stock after selling 4,058 shares during the quarter. Gaming and Leisure Properties makes up about 7.9% of Presima Securities ULC’s holdings, making the stock its 4th largest position. Presima Securities ULC’s holdings in Gaming and Leisure Properties were worth $35,909,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Gaming and Leisure Properties by 36.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,910,169 shares of the real estate investment trust’s stock worth $134,074,000 after buying an additional 781,906 shares during the last quarter. DigitalBridge Group Inc. purchased a new stake in Gaming and Leisure Properties in the second quarter valued at $16,936,000. Dimensional Fund Advisors LP lifted its position in Gaming and Leisure Properties by 9.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,104,552 shares of the real estate investment trust’s stock valued at $185,564,000 after acquiring an additional 350,250 shares during the last quarter. National Bank of Canada FI boosted its stake in Gaming and Leisure Properties by 126.3% in the first quarter. National Bank of Canada FI now owns 454,732 shares of the real estate investment trust’s stock valued at $20,131,000 after acquiring an additional 253,763 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Gaming and Leisure Properties by 4.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,489,160 shares of the real estate investment trust’s stock worth $252,886,000 after purchasing an additional 211,709 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Gaming and Leisure Properties Stock Performance

Shares of GLPI stock opened at $51.31 on Thursday. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.49. The stock has a 50 day simple moving average of $50.88 and a 200-day simple moving average of $47.20. The company has a market cap of $13.93 billion, a price-to-earnings ratio of 18.93, a price-to-earnings-growth ratio of 5.34 and a beta of 0.99. 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 released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.15). Gaming and Leisure Properties had a return on equity of 17.60% and a net margin of 52.79%. The business had revenue of $380.60 million during the quarter, compared to analysts’ expectations of $377.95 million. During the same quarter in the previous year, the company posted $0.92 EPS. The company’s revenue was up 6.7% compared to the same quarter last year. On average, equities analysts forecast that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.76 per share. The ex-dividend date was Friday, September 13th. This represents a $3.04 annualized dividend and a yield of 5.92%. Gaming and Leisure Properties’s payout ratio is currently 112.18%.

Analysts Set New Price Targets

GLPI has been the subject of several research reports. Deutsche Bank Aktiengesellschaft boosted their target price on Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a “hold” rating in a report on Monday, July 29th. Scotiabank boosted their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 16th. Morgan Stanley restated an “overweight” rating and set a $53.00 target price on shares of Gaming and Leisure Properties in a research report on Friday, June 21st. Royal Bank of Canada lifted their target price on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Finally, Raymond James increased their price target on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.18.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 5,605 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $48.89, for a total transaction of $274,028.45. Following the sale, the director now owns 156,685 shares of the company’s stock, valued at $7,660,329.65. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Desiree A. Burke sold 12,973 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $52.02, for a total value of $674,855.46. Following the completion of the transaction, the chief financial officer now owns 108,073 shares in the company, valued at $5,621,957.46. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director E Scott Urdang sold 5,605 shares of Gaming and Leisure Properties stock in a transaction on Monday, August 12th. The stock was sold at an average price of $48.89, for a total value of $274,028.45. Following the transaction, the director now directly owns 156,685 shares of the company’s stock, valued at $7,660,329.65. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 49,478 shares of company stock valued at $2,495,429. Corporate insiders own 4.40% of the company’s stock.

Gaming and Leisure Properties Profile

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.