Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Sold by Swiss National Bank

Swiss National Bank reduced its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 3.6% during the 4th quarter, Holdings Channel reports. The fund owned 775,145 shares of the real estate investment trust’s stock after selling 28,800 shares during the quarter. Swiss National Bank’s holdings in Gaming and Leisure Properties were worth $37,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in GLPI. Assetmark Inc. increased its position in Gaming and Leisure Properties by 2,547.6% in the 3rd quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 535 shares during the period. Stonebridge Financial Group LLC acquired a new position in shares of Gaming and Leisure Properties during the 4th quarter valued at $31,000. CKW Financial Group increased its position in shares of Gaming and Leisure Properties by 75.0% during the 4th quarter. CKW Financial Group now owns 700 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 300 shares during the period. Brooklyn Investment Group acquired a new position in shares of Gaming and Leisure Properties during the 3rd quarter valued at $39,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Gaming and Leisure Properties during the 3rd quarter valued at $66,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Gaming and Leisure Properties

In related news, SVP Matthew Demchyk sold 17,617 shares of Gaming and Leisure Properties stock in a transaction on Monday, January 27th. The stock was sold at an average price of $49.40, for a total transaction of $870,279.80. Following the completion of the sale, the senior vice president now owns 54,140 shares of the company’s stock, valued at approximately $2,674,516. This trade represents a 24.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director E Scott Urdang sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $50.89, for a total value of $254,450.00. Following the transaction, the director now owns 140,953 shares in the company, valued at approximately $7,173,098.17. This trade represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,064 shares of company stock valued at $2,778,908. Insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Stock Performance

Shares of Gaming and Leisure Properties stock opened at $49.78 on Monday. The stock has a market cap of $13.68 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 2.01 and a beta of 1.00. The business has a fifty day simple moving average of $48.75 and a 200-day simple moving average of $49.78. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties, Inc. has a 12 month low of $41.80 and a 12 month high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 EPS for the quarter, topping the consensus estimate of $0.94 by $0.01. The business had revenue of $389.62 million during the quarter, compared to analysts’ expectations of $391.54 million. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. On average, sell-side analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.04 dividend on an annualized basis and a yield of 6.11%. Gaming and Leisure Properties’s payout ratio is 105.92%.

Wall Street Analysts Forecast Growth

GLPI has been the topic of several research analyst reports. Barclays lowered their price target on Gaming and Leisure Properties from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 4th. Wells Fargo & Company lifted their price target on Gaming and Leisure Properties from $50.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, March 10th. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $49.00 to $54.00 in a research note on Friday, December 13th. Royal Bank of Canada reduced their price objective on Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. Finally, Stifel Nicolaus raised their price objective on 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. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $53.96.

Gaming and Leisure Properties 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.