Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Stake Lowered by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 10.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,927 shares of the real estate investment trust's stock after selling 10,785 shares during the period. Nisa Investment Advisors LLC's holdings in Gaming and Leisure Properties were worth $4,730,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in GLPI. Axxcess Wealth Management LLC bought a new stake in Gaming and Leisure Properties during the first quarter worth approximately $385,000. Ninety One UK Ltd raised its holdings in Gaming and Leisure Properties by 12.0% during the first quarter. Ninety One UK Ltd now owns 1,562,643 shares of the real estate investment trust's stock worth $79,539,000 after purchasing an additional 167,531 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in Gaming and Leisure Properties by 64.2% during the first 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 in the last quarter. Envestnet Asset Management Inc. raised its holdings in Gaming and Leisure Properties by 2.8% during the first quarter. Envestnet Asset Management Inc. now owns 604,875 shares of the real estate investment trust's stock worth $30,788,000 after purchasing an additional 16,617 shares in the last quarter. Finally, Penserra Capital Management LLC raised its holdings in Gaming and Leisure Properties by 21.0% during the first quarter. Penserra Capital Management LLC now owns 27,430 shares of the real estate investment trust's stock worth $1,396,000 after purchasing an additional 4,761 shares in the last quarter. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Gaming and Leisure Properties Stock Down 0.9%

NASDAQ:GLPI traded down $0.42 during trading hours on Friday, hitting $47.80. 1,507,466 shares of the stock traded hands, compared to its average volume of 1,350,228. The firm has a 50 day moving average price of $46.81 and a 200 day moving average price of $48.10. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 1.51. Gaming and Leisure Properties, Inc. has a fifty-two week low of $44.48 and a fifty-two week high of $52.60. The firm has a market cap of $13.14 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 3.31 and a beta of 0.72.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.96. Gaming and Leisure Properties had a net margin of 50.41% and a return on equity of 17.02%. The company had revenue of $395.24 million for the quarter, compared to the consensus estimate of $396.27 million. During the same period in the previous year, the business earned $0.92 EPS. The company's revenue was up 5.1% on a year-over-year basis. Equities research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Increases Dividend

The company also recently announced 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 an increase from Gaming and Leisure Properties's previous quarterly dividend of $0.76. This represents a $3.12 annualized dividend and a yield of 6.53%. The ex-dividend date of this dividend was Friday, June 13th. Gaming and Leisure Properties's payout ratio is 111.03%.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 4,000 shares of the business's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $46.58, for a total transaction of $186,320.00. Following the transaction, the director directly owned 136,953 shares in the company, valued at $6,379,270.74. The trade was a 2.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 4.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on GLPI. Barclays boosted their target price on Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 22nd. Royal Bank Of Canada dropped their target price on 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. Scotiabank dropped their price target on Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating on the stock in a report on Monday, May 12th. 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 report on Monday, June 16th. Finally, Wells Fargo & Company dropped their price target on Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating on the stock in a report on Monday, June 2nd. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $54.17.

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.