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

NBC Securities Inc. grew its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 116,771.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,181 shares of the real estate investment trust's stock after buying an additional 8,174 shares during the quarter. 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 hedge funds also recently made changes to their positions in GLPI. DAVENPORT & Co LLC lifted its stake in Gaming and Leisure Properties by 15.0% during the fourth quarter. DAVENPORT & Co LLC now owns 12,066 shares of the real estate investment trust's stock worth $580,000 after purchasing an additional 1,577 shares during the last quarter. Trust Point Inc. bought a new stake in Gaming and Leisure Properties in the 4th quarter worth approximately $277,000. abrdn plc boosted its stake in Gaming and Leisure Properties by 6.2% in the fourth quarter. abrdn plc now owns 573,782 shares of the real estate investment trust's stock worth $27,633,000 after buying an additional 33,481 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in Gaming and Leisure Properties by 8.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 12,192 shares of the real estate investment trust's stock valued at $587,000 after acquiring an additional 904 shares during the last quarter. Finally, Choreo LLC grew its position in Gaming and Leisure Properties by 105.1% during the fourth quarter. Choreo LLC now owns 12,387 shares of the real estate investment trust's stock valued at $591,000 after acquiring an additional 6,347 shares during the last quarter. 91.14% of the stock is owned by institutional investors.

Gaming and Leisure Properties Stock Up 0.9%

Gaming and Leisure Properties stock traded up $0.40 on Monday, hitting $46.84. 938,897 shares of the stock traded hands, compared to its average volume of 1,327,460. The business's fifty day simple moving average is $47.33 and its 200 day simple moving average is $48.56. The firm has a market cap of $12.87 billion, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 2.01 and a beta of 0.72. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties, Inc. has a 1 year low of $42.86 and a 1 year high of $52.60.

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

Gaming and Leisure Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders 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 dividend on an annualized basis and a dividend yield of 6.66%. The ex-dividend date is Friday, June 13th. Gaming and Leisure Properties's payout ratio is currently 111.03%.

Insider Transactions at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GLPI shares. Macquarie reaffirmed an "outperform" rating and issued a $60.00 price objective on shares of Gaming and Leisure Properties in a research note on Friday, April 25th. Barclays raised their price objective on Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 22nd. Wedbush set a $55.00 target price on Gaming and Leisure Properties in a research note on Monday, April 28th. Scotiabank dropped their price objective on Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating for the company in a research note on Monday, May 12th. Finally, Royal Bank of Canada cut their price target on shares of Gaming and Leisure Properties from $56.00 to $54.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.50.

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.