Deutsche Bank AG Sells 71,872 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Deutsche Bank AG trimmed its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 6.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,093,454 shares of the real estate investment trust's stock after selling 71,872 shares during the period. Deutsche Bank AG owned 0.40% of Gaming and Leisure Properties worth $52,661,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. US Bancorp DE grew its holdings in Gaming and Leisure Properties by 106.2% during the fourth quarter. US Bancorp DE now owns 44,745 shares of the real estate investment trust's stock valued at $2,155,000 after purchasing an additional 23,050 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Gaming and Leisure Properties by 11.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 24,560 shares of the real estate investment trust's stock worth $1,183,000 after acquiring an additional 2,498 shares during the period. Aew Capital Management L P boosted its holdings in shares of Gaming and Leisure Properties by 1,786.5% in the fourth quarter. Aew Capital Management L P now owns 761,600 shares of the real estate investment trust's stock worth $36,679,000 after acquiring an additional 721,230 shares during the period. Raymond James Financial Inc. bought a new position in shares of Gaming and Leisure Properties in the fourth quarter worth $49,188,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Gaming and Leisure Properties in the fourth quarter worth $768,000. 91.14% of the stock is owned by institutional investors.

Gaming and Leisure Properties Price Performance

NASDAQ GLPI traded up $0.72 during trading hours on Friday, reaching $47.61. 2,115,409 shares of the stock traded hands, compared to its average volume of 1,293,670. The stock has a 50 day simple moving average of $48.55 and a two-hundred day simple moving average of $48.90. Gaming and Leisure Properties, Inc. has a 1 year low of $42.86 and a 1 year high of $52.60. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. The company has a market cap of $13.08 billion, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 2.01 and a beta of 0.81.

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 EPS for the quarter, hitting the consensus estimate of $0.96. The firm had revenue of $395.24 million for the quarter, compared to the consensus estimate of $396.27 million. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. The company's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 earnings per share. On average, 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. Stockholders of record on Friday, June 13th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 6.55%. This is an increase from Gaming and Leisure Properties's previous quarterly dividend of $0.76. Gaming and Leisure Properties's payout ratio is currently 108.19%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GLPI shares. Mizuho raised their price target on Gaming and Leisure Properties from $51.00 to $53.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Barclays raised their price target 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. Scotiabank cut their price target on Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating for the company in a report on Monday, May 12th. Wells Fargo & Company lifted their price objective on 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, Royal Bank of Canada dropped their price objective on 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. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.63.

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 dated Tuesday, February 25th. The stock was sold at an average price of $49.72, for a total value of $248,600.00. Following the sale, the director now directly owns 145,953 shares of the company's stock, valued at $7,256,783.16. This trade represents a 3.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Matthew Demchyk sold 1,138 shares of Gaming and Leisure Properties stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $50.45, for a total value of $57,412.10. Following the sale, the senior vice president now directly owns 53,002 shares in the company, valued at approximately $2,673,950.90. The trade was a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,842 shares of company stock worth $1,153,961. Company insiders own 4.26% of the company's stock.

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.