Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Holdings Trimmed by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 10.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,886 shares of the real estate investment trust's stock after selling 12,999 shares during the quarter. Nisa Investment Advisors LLC's holdings in Gaming and Leisure Properties were worth $5,499,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in GLPI. Ashton Thomas Private Wealth LLC acquired a new position in Gaming and Leisure Properties during the second quarter valued at approximately $31,000. EverSource Wealth Advisors LLC boosted its position in Gaming and Leisure Properties by 578.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 692 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 590 shares during the period. EdgeRock Capital LLC purchased a new stake in Gaming and Leisure Properties during the 2nd quarter worth $33,000. Versant Capital Management Inc increased its holdings in Gaming and Leisure Properties by 18,500.0% in the 2nd quarter. Versant Capital Management Inc now owns 744 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 740 shares in the last quarter. Finally, UMB Bank n.a. raised its position in Gaming and Leisure Properties by 388.2% in the third quarter. UMB Bank n.a. now owns 869 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 691 shares during the period. 91.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 6,885 shares of the firm's stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $50.16, for a total value of $345,351.60. Following the sale, the director now owns 149,800 shares in the company, valued at approximately $7,513,968. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director E Scott Urdang sold 6,885 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $50.16, for a total value of $345,351.60. Following the completion of the transaction, the director now owns 149,800 shares of the company's stock, valued at approximately $7,513,968. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Brandon John Moore sold 30,900 shares of Gaming and Leisure Properties stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $50.05, for a total transaction of $1,546,545.00. Following the sale, the chief operating officer now owns 208,977 shares in the company, valued at approximately $10,459,298.85. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,363 shares of company stock worth $2,840,781. Insiders own 4.37% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on GLPI shares. Wells Fargo & Company reiterated an "equal weight" rating and issued a $52.00 target price (up previously from $51.00) on shares of Gaming and Leisure Properties in a research note on Tuesday, October 1st. Wolfe Research raised shares of Gaming and Leisure Properties from a "peer perform" rating to an "outperform" rating and set a $57.00 target price on the stock in a research report on Friday, August 23rd. Scotiabank raised their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a "sector perform" rating in a report on Tuesday, July 16th. UBS Group boosted their price objective on shares of Gaming and Leisure Properties from $56.00 to $61.00 and gave the stock a "buy" rating in a report on Tuesday, July 16th. Finally, StockNews.com cut shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Gaming and Leisure Properties has a consensus rating of "Moderate Buy" and a consensus price target of $52.18.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ GLPI traded down $0.37 during trading on Friday, reaching $49.82. The stock had a trading volume of 1,296,610 shares, compared to its average volume of 1,319,645. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. The stock has a market cap of $13.67 billion, a PE ratio of 17.42, a P/E/G ratio of 2.19 and a beta of 0.99. Gaming and Leisure Properties, Inc. has a one year low of $41.80 and a one year high of $52.60. The firm's 50 day moving average price is $51.14 and its two-hundred day moving average price is $47.69.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share 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 business had revenue of $385.34 million for the quarter, compared to the consensus estimate of $385.09 million. During the same period in the prior year, the company earned $0.92 EPS. Gaming and Leisure Properties's quarterly revenue was up 7.2% on a year-over-year basis. On average, research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 6.10%. The ex-dividend date was Friday, September 13th. Gaming and Leisure Properties's dividend payout ratio (DPR) is 106.29%.

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.