NBC Securities Inc. Acquires 8,174 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

NBC Securities Inc. raised its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 116,771.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,181 shares of the real estate investment trust’s stock after purchasing an additional 8,174 shares during the period. NBC Securities Inc.’s holdings in Gaming and Leisure Properties were worth $416,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GLPI. Dodge & Cox lifted its holdings in shares of Gaming and Leisure Properties by 75.3% during the 4th quarter. Dodge & Cox now owns 13,498,634 shares of the real estate investment trust’s stock worth $650,094,000 after acquiring an additional 5,797,299 shares during the period. Norges Bank bought a new stake in shares of Gaming and Leisure Properties during the 4th quarter worth approximately $176,123,000. Raymond James Financial Inc. bought a new stake in shares of Gaming and Leisure Properties during the 4th quarter worth approximately $49,188,000. Northern Trust Corp lifted its holdings in shares of Gaming and Leisure Properties by 48.2% during the 4th quarter. Northern Trust Corp now owns 2,873,006 shares of the real estate investment trust’s stock worth $138,364,000 after acquiring an additional 933,842 shares during the period. Finally, Aew Capital Management L P lifted its holdings in shares of Gaming and Leisure Properties by 1,786.5% during the 4th quarter. Aew Capital Management L P now owns 761,600 shares of the real estate investment trust’s stock worth $36,679,000 after acquiring an additional 721,230 shares during the period. Institutional investors own 91.14% of the company’s stock.

Insider Transactions at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 5,000 shares of Gaming and Leisure Properties stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $50.89, for a total transaction of $254,450.00. Following the completion of the transaction, the director now owns 140,953 shares of the company’s stock, valued at $7,173,098.17. This trade represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Matthew Demchyk sold 1,903 shares of Gaming and Leisure Properties stock in a transaction on Monday, March 10th. The stock was sold at an average price of $51.99, for a total transaction of $98,936.97. Following the transaction, the senior vice president now directly owns 41,298 shares of the company’s stock, valued at $2,147,083.02. This represents a 4.40% decrease in their position. The disclosure for this sale can be found here. 4.26% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Mizuho upped their price objective on shares of Gaming and Leisure Properties from $51.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, April 3rd. Wells Fargo & Company lowered their price objective on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set an “equal weight” rating for the company in a research report on Monday. Scotiabank lowered their price objective on shares of Gaming and Leisure Properties from $49.00 to $48.00 and set a “sector perform” rating for the company in a research report on Monday, May 12th. Macquarie reiterated an “outperform” rating and set a $60.00 price objective on shares of Gaming and Leisure Properties in a research report on Friday, April 25th. Finally, Royal Bank of Canada lowered their price objective on shares of Gaming and Leisure Properties from $56.00 to $54.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.50.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ GLPI opened at $46.09 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. Gaming and Leisure Properties, Inc. has a 52-week low of $42.86 and a 52-week high of $52.60. The firm has a 50 day moving average price of $47.42 and a two-hundred day moving average price of $48.62. The stock has a market cap of $12.67 billion, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 2.01 and a beta of 0.72.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.96. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. The firm had revenue of $395.24 million during the quarter, compared to analysts’ expectations of $396.27 million. During the same period in the prior year, the company posted $0.92 EPS. The company’s revenue was up 5.1% on a year-over-year basis. As a group, equities analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a $0.78 dividend. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.76. This represents a $3.12 annualized dividend and a yield of 6.77%. The ex-dividend date is Friday, June 13th. Gaming and Leisure Properties’s dividend payout ratio is 111.03%.

Gaming and Leisure Properties Company 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.