Presima Securities ULC Has $32.71 Million Stock Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Presima Securities ULC lessened its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 2.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 679,087 shares of the real estate investment trust's stock after selling 18,848 shares during the period. Gaming and Leisure Properties makes up 8.0% of Presima Securities ULC's holdings, making the stock its 4th largest position. Presima Securities ULC owned about 0.25% of Gaming and Leisure Properties worth $32,705,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Segall Bryant & Hamill LLC bought a new position in shares of Gaming and Leisure Properties in the third quarter valued at $693,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Gaming and Leisure Properties by 63.1% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 51,991 shares of the real estate investment trust's stock valued at $2,351,000 after buying an additional 20,111 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Gaming and Leisure Properties by 76.1% in the third quarter. Sanctuary Advisors LLC now owns 32,316 shares of the real estate investment trust's stock worth $1,646,000 after buying an additional 13,965 shares during the period. Zacks Investment Management increased its position in shares of Gaming and Leisure Properties by 10.9% in the third quarter. Zacks Investment Management now owns 522,197 shares of the real estate investment trust's stock worth $26,867,000 after acquiring an additional 51,398 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Gaming and Leisure Properties by 87.5% during the third quarter. Cerity Partners LLC now owns 14,410 shares of the real estate investment trust's stock valued at $741,000 after acquiring an additional 6,724 shares during the period. Institutional investors and hedge funds own 91.14% of the company's stock.

Gaming and Leisure Properties Stock Performance

Shares of GLPI stock traded up $0.33 during trading on Friday, reaching $48.11. The company had a trading volume of 861,838 shares, compared to its average volume of 851,374. The firm's 50 day simple moving average is $48.87 and its two-hundred day simple moving average is $49.72. Gaming and Leisure Properties, Inc. has a one year low of $41.80 and a one year high of $52.60. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. The company has a market capitalization of $13.20 billion, a PE ratio of 16.82, a PEG ratio of 1.96 and a beta of 0.99.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released 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 firm had revenue of $385.34 million during the quarter, compared to the consensus estimate of $385.09 million. During the same period in the prior year, the business earned $0.92 EPS. The company's revenue for the quarter was up 7.2% compared to the same quarter last year. Sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 6.32%. The ex-dividend date was Friday, December 6th. Gaming and Leisure Properties's dividend payout ratio is 106.29%.

Insider Activity

In related news, COO Brandon John Moore sold 3,982 shares of the company's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total transaction 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 $13,329,850.56. This represents a 1.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director E Scott Urdang sold 3,000 shares of the firm's stock in a transaction on Monday, November 4th. The stock was sold at an average price of $50.39, for a total transaction of $151,170.00. Following the completion of the sale, the director now owns 146,800 shares in the company, valued at $7,397,252. This represents a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,490 shares of company stock valued at $1,251,189. 4.37% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Barclays started coverage on shares of Gaming and Leisure Properties in a research note on Tuesday, December 17th. They issued an "equal weight" rating and a $54.53 price objective for the company. Wells Fargo & Company reiterated an "equal weight" rating and set a $52.00 price target (up previously from $51.00) on shares of Gaming and Leisure Properties in a report on Tuesday, October 1st. Scotiabank reduced their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating for the company in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised Gaming and Leisure Properties from a "hold" rating to a "buy" rating and lifted their target price for the company from $49.00 to $54.00 in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $49.00 to $54.00 in a research report on Friday, December 13th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Gaming and Leisure Properties has an average rating of "Moderate Buy" and a consensus target price of $53.93.

About Gaming and Leisure Properties

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.