National Bank of Canada FI Has $10.02 Million Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

National Bank of Canada FI decreased its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 15.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 200,969 shares of the real estate investment trust's stock after selling 36,074 shares during the quarter. National Bank of Canada FI owned 0.08% of Gaming and Leisure Properties worth $10,024,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in Gaming and Leisure Properties during the 4th quarter worth about $30,000. Operose Advisors LLC purchased a new position in shares of Gaming and Leisure Properties in the third quarter valued at approximately $32,000. GAMMA Investing LLC acquired a new position in shares of Gaming and Leisure Properties in the fourth quarter valued at approximately $51,000. Armstrong Advisory Group Inc. lifted its holdings in Gaming and Leisure Properties by 166.2% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,203 shares of the real estate investment trust's stock worth $59,000 after buying an additional 751 shares in the last quarter. Finally, Banque Cantonale Vaudoise purchased a new position in Gaming and Leisure Properties in the 3rd quarter valued at approximately $79,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Gaming and Leisure Properties Stock Performance

Shares of GLPI traded up $0.19 during midday trading on Thursday, reaching $44.21. 1,166,128 shares of the stock were exchanged, compared to its average volume of 1,424,623. The company has a market capitalization of $12.00 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 5.08 and a beta of 0.95. The company has a debt-to-equity ratio of 1.49, a current ratio of 6.47 and a quick ratio of 6.47. Gaming and Leisure Properties, Inc. has a twelve month low of $41.80 and a twelve month high of $51.31. The business's 50-day moving average price is $44.55 and its 200 day moving average price is $45.71.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $0.90 by ($0.26). The firm had revenue of $376.00 million during the quarter, compared to analysts' expectations of $368.44 million. Gaming and Leisure Properties had a net margin of 50.05% and a return on equity of 16.79%. Gaming and Leisure Properties's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 EPS. On average, sell-side analysts expect that Gaming and Leisure Properties, Inc. will post 3.66 EPS for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.76 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Gaming and Leisure Properties's previous quarterly dividend of $0.73. This represents a $3.04 dividend on an annualized basis and a yield of 6.88%. Gaming and Leisure Properties's payout ratio is currently 112.18%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on GLPI shares. Royal Bank of Canada cut their price objective on Gaming and Leisure Properties from $49.00 to $47.00 and set an "outperform" rating on the stock in a research report on Monday, April 29th. Morgan Stanley decreased their price objective on Gaming and Leisure Properties from $55.00 to $53.00 and set an "overweight" rating for the company in a research note on Thursday, March 21st. Mizuho cut their target price on shares of Gaming and Leisure Properties from $50.00 to $47.00 and set a "neutral" rating on the stock in a research note on Thursday, March 7th. JMP Securities reiterated a "market outperform" rating and issued a $53.00 price target on shares of Gaming and Leisure Properties in a research note on Monday, March 4th. Finally, StockNews.com lowered shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating in a report on Wednesday, May 1st. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $51.91.

Insider Activity

In related news, Director E Scott Urdang purchased 2,500 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were purchased at an average price of $45.00 per share, with a total value of $112,500.00. Following the completion of the acquisition, the director now directly owns 156,685 shares in the company, valued at approximately $7,050,825. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 4.40% of the company's stock.

Gaming and Leisure Properties Profile

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.