Natixis Advisors LLC Grows Stock Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Key Points

• Natixis Advisors LLC increased its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 16.1%, now owning 99,011 shares worth approximately $5.04 million.
• Gaming and Leisure Properties reported a quarterly EPS of $0.96, slightly below analysts' expectations of $0.97, despite a revenue increase of 3.8% year-over-year.
• The company announced a quarterly dividend of $0.78 per share, up from the previous quarter's dividend, with a yield of 6.8%.

Natixis Advisors LLC boosted its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 16.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,011 shares of the real estate investment trust's stock after buying an additional 13,751 shares during the quarter. Natixis Advisors LLC's holdings in Gaming and Leisure Properties were worth $5,040,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC lifted its stake in Gaming and Leisure Properties by 33.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 16,993 shares of the real estate investment trust's stock worth $818,000 after acquiring an additional 4,218 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of Gaming and Leisure Properties in the 4th quarter valued at $7,240,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Gaming and Leisure Properties during the 4th quarter worth $350,000. Russell Investments Group Ltd. grew its stake in shares of Gaming and Leisure Properties by 24.0% during the fourth quarter. Russell Investments Group Ltd. now owns 813,955 shares of the real estate investment trust's stock worth $39,200,000 after purchasing an additional 157,753 shares in the last quarter. Finally, FIL Ltd increased its holdings in Gaming and Leisure Properties by 36.4% in the fourth quarter. FIL Ltd now owns 2,265 shares of the real estate investment trust's stock valued at $109,000 after buying an additional 605 shares during the last quarter. Hedge funds and other institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Price Performance

Shares of Gaming and Leisure Properties stock traded up $0.30 on Thursday, hitting $46.11. The company's stock had a trading volume of 1,137,735 shares, compared to its average volume of 1,856,725. The company has a quick ratio of 7.39, a current ratio of 7.39 and a debt-to-equity ratio of 1.41. The firm has a fifty day moving average price of $46.89 and a 200-day moving average price of $48.02. Gaming and Leisure Properties, Inc. has a 52-week low of $44.48 and a 52-week high of $52.60. The company has a market capitalization of $13.05 billion, a P/E ratio of 11.99, a price-to-earnings-growth ratio of 9.96 and a beta of 0.71.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.01). Gaming and Leisure Properties had a return on equity of 15.43% and a net margin of 46.32%. The company had revenue of $394.90 million for the quarter, compared to analyst estimates of $397.27 million. During the same quarter in the prior year, the firm earned $0.94 earnings per share. The company's revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a dividend of $0.78 per share. The ex-dividend date was Friday, June 13th. This represents a $3.12 dividend on an annualized basis and a yield of 6.8%. This is a boost from Gaming and Leisure Properties's previous quarterly dividend of $0.76. Gaming and Leisure Properties's dividend payout ratio (DPR) is 120.93%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Macquarie lowered their price objective on Gaming and Leisure Properties from $60.00 to $59.00 and set an "outperform" rating for the company in a research report on Monday, July 28th. Royal Bank Of Canada lowered their price target on Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating for the company in a report on Monday, July 28th. Wells Fargo & Company dropped their price target on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Monday, June 2nd. Stifel Nicolaus cut shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 price objective on the stock. in a report on Monday, July 21st. Finally, Mizuho lowered their target price on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating for the company in a report on Monday, June 16th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $53.16.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $46.54, for a total value of $139,620.00. Following the transaction, the director directly owned 133,953 shares in the company, valued at approximately $6,234,172.62. This represents a 2.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.26% of the company's stock.

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.