Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC increased its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 37.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,089 shares of the real estate investment trust’s stock after acquiring an additional 8,178 shares during the quarter. Natixis Advisors LLC’s holdings in Gaming and Leisure Properties were worth $1,548,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in shares of Gaming and Leisure Properties by 36.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,910,169 shares of the real estate investment trust’s stock valued at $134,074,000 after buying an additional 781,906 shares during the period. DigitalBridge Group Inc. acquired a new stake in Gaming and Leisure Properties during the second quarter worth $16,936,000. Dimensional Fund Advisors LP raised its position in Gaming and Leisure Properties by 9.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,104,552 shares of the real estate investment trust’s stock valued at $185,564,000 after purchasing an additional 350,250 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Gaming and Leisure Properties by 6.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,534,033 shares of the real estate investment trust’s stock valued at $284,726,000 after purchasing an additional 341,492 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in shares of Gaming and Leisure Properties by 46.9% in the 3rd quarter. Raymond James & Associates now owns 580,315 shares of the real estate investment trust’s stock valued at $29,857,000 after purchasing an additional 185,348 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on GLPI shares. Wells Fargo & Company reissued 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. Mizuho reduced their price target on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. StockNews.com cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Wolfe Research upgraded shares of Gaming and Leisure Properties from a “peer perform” rating to an “outperform” rating and set a $57.00 target price for the company in a report on Friday, August 23rd. Finally, Raymond James upped their price target on Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Gaming and Leisure Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.96.

Insider Buying and Selling

In other news, CFO Desiree A. Burke sold 12,973 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $52.02, for a total transaction of $674,855.46. Following the completion of the sale, the chief financial officer now owns 108,073 shares in the company, valued at approximately $5,621,957.46. The trade was a 10.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $345,351.60. Following the completion of the transaction, the director now directly owns 149,800 shares in the company, valued at $7,513,968. This trade represents a 4.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,858 shares of company stock worth $1,171,377. Corporate insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI opened at $51.28 on Tuesday. 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 $14.07 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 2.16 and a beta of 0.99. The stock’s 50-day moving average is $50.56 and its two-hundred day moving average is $48.51. Gaming and Leisure Properties, Inc. has a 1-year low of $41.80 and a 1-year high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.25). Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. The firm had revenue of $385.34 million for the quarter, compared to analysts’ expectations of $385.09 million. During the same quarter in the previous year, the company posted $0.92 earnings per share. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. Analysts forecast that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.76 per share. The ex-dividend date was Friday, September 13th. This represents a $3.04 annualized dividend and a dividend yield of 5.93%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 106.29%.

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.