Nisa Investment Advisors LLC Sells 10,785 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Nisa Investment Advisors LLC lessened its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 10.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GLPI. GF Fund Management CO. LTD. raised 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 last quarter. TD Private Client Wealth LLC raised its stake in shares of 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 valued at $28,000 after acquiring an additional 213 shares during the last quarter. Pure Financial Advisors LLC increased its position in shares of Gaming and Leisure Properties by 2.6% during the first quarter. Pure Financial Advisors LLC now owns 8,676 shares of the real estate investment trust's stock worth $442,000 after buying an additional 221 shares during the period. Freedom Investment Management Inc. increased its position in shares of Gaming and Leisure Properties by 3.8% during the fourth quarter. Freedom Investment Management Inc. now owns 6,063 shares of the real estate investment trust's stock worth $292,000 after buying an additional 222 shares during the period. Finally, Seeds Investor LLC increased its position in shares of Gaming and Leisure Properties by 3.6% during the fourth quarter. Seeds Investor LLC now owns 7,350 shares of the real estate investment trust's stock worth $354,000 after buying an additional 254 shares during the period. Institutional investors and hedge funds own 91.14% of the company's stock.

Gaming and Leisure Properties Trading Down 1.6%

Shares of GLPI traded down $0.76 during trading on Tuesday, reaching $47.31. 1,462,884 shares of the company traded hands, compared to its average volume of 1,350,057. The stock has a 50-day simple moving average of $46.81 and a 200-day simple moving average of $48.10. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 1.51. Gaming and Leisure Properties, Inc. has a twelve month low of $44.48 and a twelve month high of $52.60. The stock has a market cap of $13.00 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 3.31 and a beta of 0.72.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $395.24 million for the quarter, compared to analysts' expectations of $396.27 million. Gaming and Leisure Properties had a net margin of 50.41% and a return on equity of 17.02%. Gaming and Leisure Properties's revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 EPS. On average, 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 firm also recently announced 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. This represents a $3.12 dividend on an annualized basis and a yield of 6.59%. The ex-dividend date of this dividend was Friday, June 13th. This is an increase from Gaming and Leisure Properties's previous quarterly dividend of $0.76. Gaming and Leisure Properties's dividend payout ratio is 111.03%.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $46.58, for a total value of $186,320.00. Following the completion of the sale, the director owned 136,953 shares of the company's stock, valued at $6,379,270.74. This trade represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Macquarie restated an "outperform" rating and issued a $60.00 price target on shares of Gaming and Leisure Properties in a report on Friday, April 25th. Royal Bank Of Canada reduced 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. Mizuho cut their price target on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating for the company in a research note on Monday, June 16th. Wells Fargo & Company cut 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 report on Monday, June 2nd. Finally, Wedbush set a $55.00 price target on shares of Gaming and Leisure Properties in a research report on Monday, April 28th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Gaming and Leisure Properties currently has a consensus rating of "Moderate Buy" and an average price target 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.