Natixis Advisors LLC Raises Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Natixis Advisors LLC lifted its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 183.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 85,260 shares of the real estate investment trust's stock after acquiring an additional 55,171 shares during the quarter. Natixis Advisors LLC's holdings in Gaming and Leisure Properties were worth $4,106,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Frank Rimerman Advisors LLC raised its position in Gaming and Leisure Properties by 31.9% in the fourth quarter. Frank Rimerman Advisors LLC now owns 35,895 shares of the real estate investment trust's stock valued at $1,729,000 after purchasing an additional 8,689 shares during the period. Thompson Siegel & Walmsley LLC raised its holdings in shares of Gaming and Leisure Properties by 8.2% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,361,899 shares of the real estate investment trust's stock valued at $65,589,000 after buying an additional 103,440 shares during the period. Achmea Investment Management B.V. lifted its stake in Gaming and Leisure Properties by 8.1% during the 4th quarter. Achmea Investment Management B.V. now owns 239,915 shares of the real estate investment trust's stock worth $11,554,000 after acquiring an additional 18,017 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in Gaming and Leisure Properties by 5.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 23,938 shares of the real estate investment trust's stock worth $1,153,000 after acquiring an additional 1,259 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in Gaming and Leisure Properties by 1.7% during the 4th quarter. HighTower Advisors LLC now owns 1,712,911 shares of the real estate investment trust's stock valued at $82,494,000 after acquiring an additional 27,973 shares during the period. Hedge funds and other institutional investors own 91.14% of the company's stock.

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Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Scotiabank reduced their price target on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. upgraded shares of Gaming and Leisure Properties from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $49.00 to $54.00 in a report on Friday, December 13th. Morgan Stanley downgraded shares of Gaming and Leisure Properties from an "overweight" rating to an "equal weight" rating and set a $53.00 price target for the company. in a research note on Wednesday, January 15th. JMP Securities reiterated a "market outperform" rating and issued a $55.00 price objective on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Finally, Stifel Nicolaus boosted their target price on Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $53.96.

Gaming and Leisure Properties Stock Up 0.5 %

Shares of Gaming and Leisure Properties stock traded up $0.26 during trading hours on Wednesday, hitting $50.98. The company had a trading volume of 908,326 shares, compared to its average volume of 1,178,592. The company's 50-day moving average is $49.31 and its two-hundred day moving average is $49.73. Gaming and Leisure Properties, Inc. has a twelve month low of $41.80 and a twelve month 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 cap of $14.01 billion, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 2.01 and a beta of 1.00.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.01. The business had revenue of $389.62 million during the quarter, compared to the consensus estimate of $391.54 million. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. Analysts anticipate 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 firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 5.96%. Gaming and Leisure Properties's payout ratio is 105.92%.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 1,149 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $47.80, for a total transaction of $54,922.20. Following the completion of the sale, the senior vice president now directly owns 91,620 shares of the company's stock, valued at approximately $4,379,436. This trade represents a 1.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Brandon John Moore sold 3,982 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total value 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 approximately $13,329,850.56. The trade was a 1.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,064 shares of company stock worth $2,778,908 in the last 90 days. 4.37% of the stock is owned by 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.