Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 41.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 800,089 shares of the real estate investment trust's stock after acquiring an additional 234,473 shares during the period. Hsbc Holdings PLC owned about 0.29% of Gaming and Leisure Properties worth $38,452,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Freedom Investment Management Inc. grew its holdings in shares of Gaming and Leisure Properties by 3.8% during the fourth quarter. Freedom Investment Management Inc. now owns 6,063 shares of the real estate investment trust's stock valued at $292,000 after purchasing an additional 222 shares during the last quarter. GAMMA Investing LLC grew its stake in Gaming and Leisure Properties by 8.7% during the 4th quarter. GAMMA Investing LLC now owns 2,826 shares of the real estate investment trust's stock worth $136,000 after buying an additional 226 shares during the last quarter. Opal Wealth Advisors LLC increased its position in Gaming and Leisure Properties by 4.9% in the fourth quarter. Opal Wealth Advisors LLC now owns 5,082 shares of the real estate investment trust's stock worth $245,000 after buying an additional 238 shares during the period. Seeds Investor LLC lifted its stake in Gaming and Leisure Properties by 3.6% in the fourth quarter. Seeds Investor LLC now owns 7,350 shares of the real estate investment trust's stock valued at $354,000 after buying an additional 254 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of Gaming and Leisure Properties by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 55,881 shares of the real estate investment trust's stock valued at $2,691,000 after acquiring an additional 277 shares during the period. 91.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on GLPI. Morgan Stanley cut shares of Gaming and Leisure Properties from an "overweight" rating to an "equal weight" rating and set a $53.00 target price for the company. in a research report on Wednesday, January 15th. Mizuho increased their price objective on Gaming and Leisure Properties from $51.00 to $53.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Wells Fargo & Company raised their target price on Gaming and Leisure Properties from $50.00 to $51.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. Barclays boosted their price target on Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Finally, Scotiabank lowered their price target on Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating on the stock in a report on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Gaming and Leisure Properties presently has an average rating of "Moderate Buy" and a consensus price target of $54.57.

Gaming and Leisure Properties Stock Down 2.6 %

NASDAQ GLPI opened at $47.74 on Friday. Gaming and Leisure Properties, Inc. has a 12 month low of $42.20 and a 12 month high of $52.60. The company has a market capitalization of $13.12 billion, a P/E ratio of 16.63, a PEG ratio of 2.01 and a beta of 0.72. The company's 50 day simple moving average is $49.43 and its 200 day simple moving average is $49.33. 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 posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.96. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. The company had revenue of $395.24 million for the quarter, compared to analysts' expectations of $396.27 million. Equities research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 6.37%. The ex-dividend date was Friday, March 14th. Gaming and Leisure Properties's dividend payout ratio is 105.92%.

Insider Activity at Gaming and Leisure Properties

In related news, SVP Matthew Demchyk sold 17,617 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $49.40, for a total value of $870,279.80. Following the completion of the transaction, the senior vice president now owns 54,140 shares of the company's stock, valued at approximately $2,674,516. This trade represents a 24.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director E Scott Urdang sold 5,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $50.89, for a total transaction of $254,450.00. Following the transaction, the director now owns 140,953 shares in the company, valued at approximately $7,173,098.17. The trade was a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,459 shares of company stock worth $2,024,241 in the last quarter. 4.37% of the stock is owned by company insiders.

Gaming and Leisure Properties Company 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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