National Bank of Canada FI Sells 199,949 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

National Bank of Canada FI decreased its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 99.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,109 shares of the real estate investment trust's stock after selling 199,949 shares during the period. National Bank of Canada FI's holdings in Gaming and Leisure Properties were worth $57,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Gaming and Leisure Properties by 647.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,025,526 shares of the real estate investment trust's stock worth $104,213,000 after buying an additional 1,754,370 shares during the period. Jennison Associates LLC boosted its holdings in shares of Gaming and Leisure Properties by 25.3% during the third quarter. Jennison Associates LLC now owns 4,075,461 shares of the real estate investment trust's stock worth $209,682,000 after acquiring an additional 821,634 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Gaming and Leisure Properties by 6,162.9% during the third quarter. Janus Henderson Group PLC now owns 812,981 shares of the real estate investment trust's stock worth $41,820,000 after acquiring an additional 800,000 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Gaming and Leisure Properties in the third quarter valued at approximately $27,057,000. Finally, Heitman Real Estate Securities LLC bought a new position in shares of Gaming and Leisure Properties during the third quarter worth approximately $23,168,000. 91.14% of the stock is owned by institutional investors and hedge funds.

Gaming and Leisure Properties Price Performance

Shares of GLPI stock traded down $1.89 during trading hours on Wednesday, reaching $47.10. The company's stock had a trading volume of 1,381,256 shares, compared to its average volume of 1,298,933. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $52.60. The firm's 50 day simple moving average is $50.34 and its 200-day simple moving average is $49.12. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $12.92 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 2.10 and a beta of 0.98.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.25). The business had revenue of $385.34 million during the quarter, compared to analyst estimates of $385.09 million. Gaming and Leisure Properties had a net margin of 51.93% and a return on equity of 17.31%. The business's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business earned $0.92 earnings per share. 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 business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 6.45%. The ex-dividend date is Friday, December 6th. Gaming and Leisure Properties's dividend payout ratio (DPR) is presently 106.29%.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the business's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $50.39, for a total transaction of $151,170.00. Following the sale, the director now owns 146,800 shares of the company's stock, valued at approximately $7,397,252. The trade was a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.37% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GLPI shares. JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $49.00 to $54.00 in a research note on Friday, December 13th. Mizuho reduced their target price on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a "neutral" rating for the company in a research report on Thursday, November 14th. JMP Securities reaffirmed a "market outperform" rating and set a $55.00 price target on shares of Gaming and Leisure Properties in a research report on Wednesday. Wolfe Research upgraded shares of Gaming and Leisure Properties from a "peer perform" rating to an "outperform" rating and set a $57.00 price objective for the company in a research note on Friday, August 23rd. Finally, Barclays assumed coverage on shares of Gaming and Leisure Properties in a research report on Tuesday. They set an "equal weight" rating and a $54.53 target price on the stock. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Gaming and Leisure Properties currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.00.

Gaming and Leisure Properties Company 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.