Y Intercept Hong Kong Ltd Sells 14,559 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Y Intercept Hong Kong Ltd decreased its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 46.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,766 shares of the real estate investment trust's stock after selling 14,559 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Gaming and Leisure Properties were worth $863,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Segall Bryant & Hamill LLC acquired a new stake in shares of Gaming and Leisure Properties in the third quarter worth $693,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Gaming and Leisure Properties by 63.1% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 51,991 shares of the real estate investment trust's stock worth $2,351,000 after acquiring an additional 20,111 shares during the period. Sei Investments Co. boosted its position in Gaming and Leisure Properties by 11.4% during the 2nd quarter. Sei Investments Co. now owns 539,593 shares of the real estate investment trust's stock worth $24,395,000 after acquiring an additional 55,385 shares during the period. Zacks Investment Management grew its stake in Gaming and Leisure Properties by 10.9% during the 3rd quarter. Zacks Investment Management now owns 522,197 shares of the real estate investment trust's stock valued at $26,867,000 after acquiring an additional 51,398 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Gaming and Leisure Properties by 87.5% in the 3rd quarter. Cerity Partners LLC now owns 14,410 shares of the real estate investment trust's stock valued at $741,000 after purchasing an additional 6,724 shares during the period. Hedge funds and other institutional investors own 91.14% of the company's stock.

Analyst Upgrades and Downgrades

GLPI has been the topic of a number of research analyst reports. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $52.00 price objective (up from $51.00) on shares of Gaming and Leisure Properties in a research report on Tuesday, October 1st. Stifel Nicolaus upped their price target on shares of 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. Wolfe Research upgraded 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 report on Friday, August 23rd. JMP Securities restated a "market outperform" rating and issued a $55.00 target price on shares of Gaming and Leisure Properties in a research note on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft raised Gaming and Leisure Properties from a "hold" rating to a "buy" rating and raised their price target for the stock from $49.00 to $54.00 in a research note on Wednesday, November 20th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $53.96.

Gaming and Leisure Properties Stock Performance

GLPI stock traded up $0.49 during midday trading on Friday, hitting $50.09. 1,173,692 shares of the company traded hands, compared to its average volume of 1,299,698. Gaming and Leisure Properties, Inc. has a twelve month low of $41.80 and a twelve month high of $52.60. The stock has a market capitalization of $13.74 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 2.10 and a beta of 0.98. 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 business has a 50 day simple moving average of $50.50 and a 200-day simple moving average of $48.96.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.25). The firm 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 quarter in the previous year, the business posted $0.92 earnings per share. As a group, equities research analysts predict that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.76 per share. The ex-dividend date is Friday, December 6th. This represents a $3.04 annualized dividend and a dividend yield of 6.07%. Gaming and Leisure Properties's dividend payout ratio is presently 106.29%.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 6,885 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 149,800 shares of the company's stock, valued at $7,513,968. This represents a 4.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.37% of the stock is owned by corporate insiders.

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.