Northern Trust Corp Has $138.36 Million Stock Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Northern Trust Corp raised its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 48.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,873,006 shares of the real estate investment trust's stock after acquiring an additional 933,842 shares during the period. Northern Trust Corp owned approximately 1.05% of Gaming and Leisure Properties worth $138,364,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Stonebridge Financial Group LLC bought a new stake in Gaming and Leisure Properties during the 4th quarter valued at $31,000. CKW Financial Group increased its position in shares of Gaming and Leisure Properties by 75.0% during the fourth quarter. CKW Financial Group now owns 700 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 300 shares in the last quarter. Quarry LP raised its holdings in shares of Gaming and Leisure Properties by 52.5% in the 4th quarter. Quarry LP now owns 979 shares of the real estate investment trust's stock worth $47,000 after acquiring an additional 337 shares during the last quarter. Bessemer Group Inc. lifted its position in Gaming and Leisure Properties by 149.8% in the 4th quarter. Bessemer Group Inc. now owns 1,029 shares of the real estate investment trust's stock valued at $49,000 after acquiring an additional 617 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Gaming and Leisure Properties during the 3rd quarter valued at about $66,000. Institutional investors own 91.14% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on GLPI shares. Morgan Stanley downgraded Gaming and Leisure Properties from an "overweight" rating to an "equal weight" rating and set a $53.00 price objective for the company. in a research note on Wednesday, January 15th. Macquarie restated an "outperform" rating and set a $60.00 price objective on shares of Gaming and Leisure Properties in a research note on Friday, April 25th. Wedbush set a $55.00 target price on shares of Gaming and Leisure Properties in a research note on Monday. Royal Bank of Canada dropped their price target on shares of Gaming and Leisure Properties from $56.00 to $54.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Finally, Barclays upped 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 report on Tuesday, April 22nd. Six equities research 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, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $54.70.

Gaming and Leisure Properties Stock Up 0.0 %

Shares of NASDAQ GLPI opened at $47.20 on Friday. 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 stock has a market capitalization of $12.97 billion, a PE ratio of 16.45, a P/E/G ratio of 2.01 and a beta of 0.72. Gaming and Leisure Properties, Inc. has a one year low of $42.86 and a one year high of $52.60. The business's fifty day moving average price is $49.28 and its 200-day moving average price is $49.22.

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, meeting the consensus estimate of $0.96. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. The business had revenue of $395.24 million for the quarter, compared to the consensus estimate of $396.27 million. During the same period in the prior year, the firm earned $0.92 earnings per share. The company's revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.76 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.04 dividend on an annualized basis and a yield of 6.44%. Gaming and Leisure Properties's payout ratio is 108.19%.

Insiders Place Their Bets

In related news, Director E Scott Urdang sold 5,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $50.89, for a total transaction of $254,450.00. Following the sale, the director now owns 140,953 shares of the company's stock, valued at approximately $7,173,098.17. This represents a 3.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Matthew Demchyk sold 3,382 shares of Gaming and Leisure Properties stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $50.48, for a total value of $170,723.36. Following the transaction, the senior vice president now directly owns 49,620 shares of the company's stock, valued at $2,504,817.60. The trade was a 6.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,842 shares of company stock worth $1,153,961 over the last 90 days. Corporate insiders own 4.37% of the company's stock.

Gaming and Leisure Properties 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.

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