BNP Paribas Financial Markets Has $11.73 Million Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

BNP Paribas Financial Markets lowered its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 32.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 243,618 shares of the real estate investment trust's stock after selling 118,804 shares during the quarter. BNP Paribas Financial Markets owned about 0.09% of Gaming and Leisure Properties worth $11,733,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Meiji Yasuda Life Insurance Co purchased a new position in shares of Gaming and Leisure Properties in the fourth quarter worth $238,000. Mercer Global Advisors Inc. ADV increased its position in Gaming and Leisure Properties by 9.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 132,856 shares of the real estate investment trust's stock valued at $6,398,000 after acquiring an additional 12,009 shares during the last quarter. Parvin Asset Management LLC bought a new position in Gaming and Leisure Properties during the fourth quarter valued at $53,000. Lido Advisors LLC grew its holdings in shares of Gaming and Leisure Properties by 8.3% in the fourth quarter. Lido Advisors LLC now owns 4,375 shares of the real estate investment trust's stock worth $211,000 after purchasing an additional 336 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Gaming and Leisure Properties by 48.2% in the fourth quarter. Northern Trust Corp now owns 2,873,006 shares of the real estate investment trust's stock worth $138,364,000 after purchasing an additional 933,842 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wedbush set a $55.00 price target on Gaming and Leisure Properties in a research report on Monday, April 28th. Royal Bank of Canada decreased their price objective on Gaming and Leisure Properties from $56.00 to $54.00 and set an "outperform" rating for the company in a report on Monday, April 28th. 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 note on Tuesday, April 22nd. Wells Fargo & Company lifted their price target on shares of Gaming and Leisure Properties from $50.00 to $51.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Finally, Mizuho lifted their target price on shares of Gaming and Leisure Properties from $51.00 to $53.00 and gave the company a "neutral" rating in a research report on Thursday, April 3rd. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $54.63.

Gaming and Leisure Properties Stock Down 0.0%

Shares of GLPI traded down $0.01 during mid-day trading on Wednesday, reaching $45.97. 1,857,968 shares of the stock traded hands, compared to its average volume of 1,285,842. Gaming and Leisure Properties, Inc. has a 12-month low of $42.86 and a 12-month high of $52.60. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. The firm has a market cap of $12.63 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 2.01 and a beta of 0.81. The stock has a fifty day simple moving average of $48.78 and a 200 day simple moving average of $48.99.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its 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 return on equity of 17.41% and a net margin of 51.65%. The company had revenue of $395.24 million for the quarter, compared to analysts' expectations of $396.27 million. During the same period last year, the business posted $0.92 earnings per share. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. Sell-side analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 6.61%. The ex-dividend date was Friday, March 14th. Gaming and Leisure Properties's payout ratio is currently 108.19%.

Insider Buying and Selling

In related news, SVP Matthew Demchyk sold 3,382 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $50.48, for a total value of $170,723.36. Following the completion of the sale, the senior vice president now directly owns 49,620 shares in the company, valued at approximately $2,504,817.60. The trade was a 6.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director E Scott Urdang sold 5,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $49.72, for a total transaction of $248,600.00. Following the completion of the sale, the director now owns 145,953 shares in the company, valued at approximately $7,256,783.16. The trade was a 3.31% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,842 shares of company stock valued at $1,153,961. 4.37% of the stock is owned by corporate insiders.

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.