NBC Securities Inc. Boosts Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

NBC Securities Inc. grew its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 116,771.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,181 shares of the real estate investment trust's stock after acquiring 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.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Stonebridge Financial Group LLC bought a new position in shares of Gaming and Leisure Properties in the 4th quarter valued at about $31,000. Quarry LP lifted its position in Gaming and Leisure Properties by 52.5% during the fourth quarter. Quarry LP now owns 979 shares of the real estate investment trust's stock worth $47,000 after acquiring an additional 337 shares during the last quarter. Bessemer Group Inc. lifted its position in Gaming and Leisure Properties by 149.8% during the fourth quarter. Bessemer Group Inc. now owns 1,029 shares of the real estate investment trust's stock worth $49,000 after acquiring an additional 617 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in Gaming and Leisure Properties during the fourth quarter worth approximately $52,000. Finally, Parvin Asset Management LLC acquired a new stake in Gaming and Leisure Properties during the fourth quarter worth approximately $53,000. Institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI traded up $0.35 during midday trading on Friday, hitting $46.44. The stock had a trading volume of 876,382 shares, compared to its average volume of 1,327,289. The company's 50-day moving average price is $47.42 and its 200-day moving average price is $48.62. The company has a market capitalization of $12.76 billion, a P/E ratio of 16.18, a price-to-earnings-growth ratio of 2.01 and a beta of 0.72. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties, Inc. has a fifty-two week low of $42.86 and a fifty-two week high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.96. The business had revenue of $395.24 million during the quarter, compared to analysts' expectations of $396.27 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 EPS. As a group, equities research analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 6.72%. This is a boost from Gaming and Leisure Properties's previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, June 13th. Gaming and Leisure Properties's dividend payout ratio is currently 111.03%.

Insider Buying and Selling

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 1,903 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $51.99, for a total transaction of $98,936.97. Following the sale, the senior vice president now directly owns 41,298 shares of the company's stock, valued at $2,147,083.02. The trade was a 4.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director E Scott Urdang sold 5,000 shares of the company's 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 sale, the director now directly owns 140,953 shares in the company, valued at approximately $7,173,098.17. This represents a 3.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on GLPI. Barclays raised their price objective on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 22nd. Scotiabank dropped 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 note on Monday, May 12th. Royal Bank of Canada dropped 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 note on Monday, April 28th. Wedbush set a $55.00 price objective on shares of Gaming and Leisure Properties in a research note on Monday, April 28th. Finally, Wells Fargo & Company dropped 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 note on Monday. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $54.50.

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.