Skandinaviska Enskilda Banken AB publ Acquires 136,900 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Skandinaviska Enskilda Banken AB publ lifted its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 260.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 189,415 shares of the real estate investment trust’s stock after purchasing an additional 136,900 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.07% of Gaming and Leisure Properties worth $8,563,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. AE Wealth Management LLC raised its stake in Gaming and Leisure Properties by 6.7% during the 2nd quarter. AE Wealth Management LLC now owns 8,076 shares of the real estate investment trust’s stock worth $365,000 after acquiring an additional 508 shares during the period. Ieq Capital LLC raised its stake in Gaming and Leisure Properties by 0.3% during the 2nd quarter. Ieq Capital LLC now owns 90,749 shares of the real estate investment trust’s stock worth $4,103,000 after acquiring an additional 257 shares during the period. Hsbc Holdings PLC grew its holdings in Gaming and Leisure Properties by 14.3% during the 2nd quarter. Hsbc Holdings PLC now owns 522,196 shares of the real estate investment trust’s stock valued at $23,587,000 after buying an additional 65,271 shares in the last quarter. Elo Mutual Pension Insurance Co grew its holdings in Gaming and Leisure Properties by 8.5% during 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 buying an additional 2,078 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its holdings in Gaming and Leisure Properties by 6.6% during the 2nd 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 in the last quarter. Institutional investors own 91.14% of the company’s stock.

Insider Activity

In other news, Director E Scott Urdang sold 5,605 shares of the business’s stock in a transaction on 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 directly owns 156,685 shares of the company’s stock, valued at $7,660,329.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Desiree A. Burke sold 12,973 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $52.02, for a total value of $674,855.46. Following the completion of the sale, the chief financial officer now directly owns 108,073 shares of the company’s stock, valued at $5,621,957.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director E Scott Urdang sold 5,605 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was 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 directly owns 156,685 shares of the company’s stock, valued at $7,660,329.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,478 shares of company stock valued at $2,495,429. 4.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on GLPI. JMP Securities increased their price objective on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the company a “market outperform” rating in a report on Monday, August 12th. Raymond James raised their target price on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a report on Wednesday, August 21st. Wells Fargo & Company raised their target price on shares of Gaming and Leisure Properties from $48.00 to $51.00 and gave the company an “equal weight” rating in a report on Monday, August 26th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a “hold” rating in a report on Monday, July 29th. Finally, UBS Group raised their target price on shares of Gaming and Leisure Properties from $56.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Gaming and Leisure Properties presently has an average rating of “Moderate Buy” and a consensus price target of $52.11.

Gaming and Leisure Properties Trading Up 0.1 %

GLPI stock opened at $50.90 on Friday. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.49. 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 $13.82 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 5.47 and a beta of 0.99. The firm’s fifty day simple moving average is $50.20 and its two-hundred day simple moving average is $46.53.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.15). The firm had revenue of $380.60 million for the quarter, compared to the consensus estimate of $377.95 million. Gaming and Leisure Properties had a net margin of 52.79% and a return on equity of 17.60%. The company’s revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 EPS. As a group, analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 5.97%. The ex-dividend date of this dividend is Friday, September 13th. Gaming and Leisure Properties’s dividend payout ratio is currently 112.18%.

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.