Natixis Has $68,000 Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Natixis lowered its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 99.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,404 shares of the real estate investment trust's stock after selling 159,321 shares during the period. Natixis' holdings in Gaming and Leisure Properties were worth $68,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in GLPI. Stonebridge Financial Group LLC bought a new stake in shares of Gaming and Leisure Properties in the 4th quarter valued at approximately $31,000. CKW Financial Group boosted its holdings in Gaming and Leisure Properties by 75.0% in the fourth quarter. CKW Financial Group now owns 700 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 300 shares during the period. Bessemer Group Inc. increased its stake in Gaming and Leisure Properties by 149.8% during the fourth quarter. Bessemer Group Inc. now owns 1,029 shares of the real estate investment trust's stock valued at $49,000 after purchasing an additional 617 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Gaming and Leisure Properties during the third quarter worth $66,000. Finally, UMB Bank n.a. lifted its position in shares of Gaming and Leisure Properties by 57.4% in the 4th quarter. UMB Bank n.a. now owns 1,368 shares of the real estate investment trust's stock worth $66,000 after buying an additional 499 shares during the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 1,903 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $51.99, for a total value of $98,936.97. Following the completion of the sale, the senior vice president now directly owns 41,298 shares of the company's stock, valued at $2,147,083.02. The trade was a 4.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director E Scott Urdang sold 5,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were 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 $7,173,098.17. This represents a 3.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,842 shares of company stock worth $1,153,961 in the last quarter. 4.37% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties Trading Up 1.0 %

Shares of Gaming and Leisure Properties stock traded up $0.49 on Tuesday, reaching $48.25. 1,655,548 shares of the company were exchanged, compared to its average volume of 1,262,091. The stock has a fifty day moving average price of $49.40 and a 200-day moving average price of $49.29. The firm has a market capitalization of $13.26 billion, a price-to-earnings ratio of 16.81, a price-to-earnings-growth ratio of 2.01 and a beta of 0.72. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties, Inc. has a fifty-two week low of $42.62 and a fifty-two week high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its 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. The company had revenue of $395.24 million for the quarter, compared to the consensus estimate of $396.27 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. The company's revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.92 EPS. On average, analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 6.30%. The ex-dividend date was Friday, March 14th. Gaming and Leisure Properties's payout ratio is presently 108.19%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on GLPI shares. Morgan Stanley downgraded shares of Gaming and Leisure Properties from an "overweight" rating to an "equal weight" rating and set a $53.00 price objective for the company. in a research report on Wednesday, January 15th. Wells Fargo & Company increased their price target on Gaming and Leisure Properties from $50.00 to $51.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. 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 report on Thursday, January 16th. Wedbush set a $55.00 price objective on Gaming and Leisure Properties in a research note on Monday. Finally, Royal Bank of Canada cut their target price on Gaming and Leisure Properties from $56.00 to $54.00 and set an "outperform" rating on the stock in a research note on Monday. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $54.70.

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.