Natixis Advisors LLC Has $5.04 Million Stock Holdings 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 lifted its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 16.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 99,011 shares of the real estate investment trust's stock after purchasing an additional 13,751 shares during the period. Natixis Advisors LLC's holdings in Gaming and Leisure Properties were worth $5,040,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. GF Fund Management CO. LTD. lifted its stake in shares of Gaming and Leisure Properties by 4.2% during the first quarter. GF Fund Management CO. LTD. now owns 5,197 shares of the real estate investment trust's stock valued at $265,000 after acquiring an additional 211 shares during the period. TD Private Client Wealth LLC lifted its stake in Gaming and Leisure Properties by 64.2% in the first quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 213 shares during the period. Pure Financial Advisors LLC lifted its stake in Gaming and Leisure Properties by 2.6% in the first quarter. Pure Financial Advisors LLC now owns 8,676 shares of the real estate investment trust's stock valued at $442,000 after buying an additional 221 shares during the period. Freedom Investment Management Inc. lifted its stake in Gaming and Leisure Properties by 3.8% in the fourth quarter. Freedom Investment Management Inc. now owns 6,063 shares of the real estate investment trust's stock valued at $292,000 after buying an additional 222 shares during the period. Finally, Woodward Diversified Capital LLC lifted its stake in Gaming and Leisure Properties by 5.8% in the first quarter. Woodward Diversified Capital LLC now owns 4,402 shares of the real estate investment trust's stock valued at $224,000 after buying an additional 243 shares during the period. Institutional investors own 91.14% of the company's stock.

Analyst Ratings Changes

GLPI has been the topic of a number of research analyst reports. Mizuho dropped their price target on 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. Wedbush set a $55.00 price target on Gaming and Leisure Properties in a research report on Monday, April 28th. Macquarie lowered their price target on 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 lowered their price target on 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. Finally, Wells Fargo & Company reduced their target price on Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating for the company in a research note on Monday, June 2nd. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $53.16.

Gaming and Leisure Properties Price Performance

Shares of GLPI stock traded down $0.20 on Friday, hitting $45.91. 971,992 shares of the company's stock were exchanged, compared to its average volume of 1,828,085. The company has a debt-to-equity ratio of 1.41, a current ratio of 7.39 and a quick ratio of 7.39. Gaming and Leisure Properties, Inc. has a 12 month low of $44.48 and a 12 month high of $52.60. The stock has a market cap of $12.99 billion, a P/E ratio of 17.79, a price-to-earnings-growth ratio of 10.02 and a beta of 0.71. The company has a 50 day moving average of $46.88 and a 200 day moving average of $47.98.

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). Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The firm had revenue of $394.90 million for the quarter, compared to analyst estimates of $397.27 million. During the same period in the previous year, the business posted $0.94 earnings per share. The business's revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities research analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a $0.78 dividend. This is an increase from Gaming and Leisure Properties's previous quarterly dividend of $0.76. This represents a $3.12 annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend was Friday, June 13th. Gaming and Leisure Properties's payout ratio is currently 120.93%.

Insider Activity

In other news, Director E Scott Urdang sold 4,000 shares of the company's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $46.58, for a total value of $186,320.00. Following the completion of the transaction, the director owned 136,953 shares of the company's stock, valued at $6,379,270.74. This represents a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 4.26% of the stock is owned by corporate insiders.

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.