Deutsche Bank AG Sells 55,946 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Key Points

• Deutsche Bank AG reduced its stake in Gaming and Leisure Properties, Inc. (GLPI) by 5.1%, selling 55,946 shares, and now holds 1,037,508 shares valued at approximately $52.8 million.
• Gaming and Leisure Properties recently declared a quarterly dividend increase to $0.78 per share, reflecting a 6.9% yield, with a dividend payout ratio of 120.93%.
• Analysts have varying price targets for Gaming and Leisure Properties, with an average target of $53.16 and recent analyst ratings indicating a consensus of "Moderate Buy."

Deutsche Bank AG lowered its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 5.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,037,508 shares of the real estate investment trust's stock after selling 55,946 shares during the period. Deutsche Bank AG owned 0.38% of Gaming and Leisure Properties worth $52,809,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Alpine Bank Wealth Management acquired a new position in shares of Gaming and Leisure Properties in the 1st quarter worth approximately $26,000. Private Trust Co. NA acquired a new position in shares of Gaming and Leisure Properties in the 1st quarter worth approximately $28,000. TD Private Client Wealth LLC lifted its position in shares of Gaming and Leisure Properties by 64.2% in the 1st quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 213 shares during the period. Wayfinding Financial LLC acquired a new position in shares of Gaming and Leisure Properties in the 1st quarter worth approximately $33,000. Finally, Cullen Frost Bankers Inc. lifted its position in shares of Gaming and Leisure Properties by 1,872.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 651 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 618 shares during the period. Institutional investors and hedge funds own 91.14% of the company's stock.

Insider Buying and Selling

In other news, Director E Scott Urdang sold 3,000 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $46.54, for a total value of $139,620.00. Following the completion of the sale, the director owned 133,953 shares in the company, valued at $6,234,172.62. This represents a 2.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 4.26% of the company's stock.

Gaming and Leisure Properties Stock Performance

Shares of GLPI stock opened at $45.54 on Tuesday. The firm has a market capitalization of $12.89 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 9.98 and a beta of 0.71. The firm has a fifty day simple moving average of $46.86 and a two-hundred day simple moving average of $47.97. The company has a current ratio of 7.39, a quick ratio of 7.39 and a debt-to-equity ratio of 1.41. Gaming and Leisure Properties, Inc. has a 12 month low of $44.48 and a 12 month high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.01). The business had revenue of $394.90 million for the quarter, compared to the consensus estimate of $397.27 million. Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The business's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.94 EPS. Analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a dividend of $0.78 per share. This is a boost from Gaming and Leisure Properties's previous quarterly dividend of $0.76. The ex-dividend date was Friday, June 13th. This represents a $3.12 dividend on an annualized basis and a yield of 6.9%. Gaming and Leisure Properties's dividend payout ratio (DPR) is presently 120.93%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on GLPI shares. Macquarie dropped their price target on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an "outperform" rating on the stock in a research report on Monday, July 28th. Royal Bank Of Canada dropped their price target on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating on the stock in a research report on Monday, July 28th. Barclays boosted their price target on shares of Gaming and Leisure Properties from $54.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Stifel Nicolaus downgraded shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 target price on the stock. in a research report on Monday, July 21st. Finally, Mizuho dropped their target price on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating on the stock in a research report on Monday, June 16th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $53.16.

About Gaming and Leisure Properties

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.

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