Hsbc Holdings PLC Acquires 65,271 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Hsbc Holdings PLC raised its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 14.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 522,196 shares of the real estate investment trust’s stock after acquiring an additional 65,271 shares during the period. Hsbc Holdings PLC owned about 0.19% of Gaming and Leisure Properties worth $23,587,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Elo Mutual Pension Insurance Co grew its position in shares of Gaming and Leisure Properties by 8.5% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 26,476 shares of the real estate investment trust’s stock valued at $1,197,000 after purchasing an additional 2,078 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Gaming and Leisure Properties by 6.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 109,907 shares of the real estate investment trust’s stock valued at $4,969,000 after buying an additional 6,775 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Gaming and Leisure Properties by 9.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,104,552 shares of the real estate investment trust’s stock worth $185,564,000 after acquiring an additional 350,250 shares in the last quarter. Plato Investment Management Ltd bought a new stake in shares of Gaming and Leisure Properties during the second quarter worth $662,000. Finally, Thompson Siegel & Walmsley LLC lifted its position in Gaming and Leisure Properties by 12.8% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,130,526 shares of the real estate investment trust’s stock valued at $51,111,000 after acquiring an additional 128,529 shares in the last quarter. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Trading Up 0.1 %

Shares of NASDAQ:GLPI opened at $50.90 on Friday. Gaming and Leisure Properties, Inc. has a 52-week low of $41.80 and a 52-week high of $52.60. The company has a debt-to-equity ratio of 1.49, a quick ratio of 5.91 and a current ratio of 5.91. The company has a market capitalization of $13.82 billion, a P/E ratio of 18.78, a price-to-earnings-growth ratio of 5.47 and a beta of 0.99. The company has a 50-day simple moving average of $50.20 and a 200 day simple moving average of $46.53.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.15). The business had revenue of $380.60 million during the quarter, compared to analyst estimates of $377.95 million. Gaming and Leisure Properties had a net margin of 52.79% and a return on equity of 17.60%. The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous 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 disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.04 dividend on an annualized basis and a yield of 5.97%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 112.18%.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 5,605 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $48.89, for a total transaction of $274,028.45. Following the completion of the sale, the director now owns 156,685 shares in the company, valued at approximately $7,660,329.65. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director E Scott Urdang sold 5,605 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $48.89, for a total value of $274,028.45. Following the transaction, the director now owns 156,685 shares of the company’s stock, valued at $7,660,329.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Brandon John Moore sold 30,900 shares of Gaming and Leisure Properties stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $50.05, for a total value of $1,546,545.00. Following the sale, the chief operating officer now directly owns 208,977 shares of the company’s stock, valued at $10,459,298.85. The disclosure for this sale can be found here. Insiders have sold a total of 49,478 shares of company stock worth $2,495,429 over the last ninety days. Insiders own 4.40% of the company’s stock.

Wall Street Analysts Forecast Growth

GLPI has been the subject of a number of research reports. Wells Fargo & Company increased their target price on Gaming and Leisure Properties from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, August 26th. Morgan Stanley reissued an “overweight” rating and issued a $53.00 target price on shares of Gaming and Leisure Properties in a research report on Friday, June 21st. Deutsche Bank Aktiengesellschaft boosted their target price on Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Scotiabank raised their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 16th. Finally, Stifel Nicolaus lifted their price objective on shares of Gaming and Leisure Properties from $52.00 to $52.50 and gave the company a “buy” rating in a report on Friday, July 26th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Gaming and Leisure Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.11.

Gaming and Leisure Properties 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.