US Bancorp DE Decreases Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

US Bancorp DE lowered its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPIFree Report) by 21.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 32,609 shares of the real estate investment trust’s stock after selling 8,772 shares during the period. US Bancorp DE’s holdings in Gaming and Leisure Properties were worth $1,609,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in Gaming and Leisure Properties in the fourth quarter worth approximately $30,000. Operose Advisors LLC bought a new stake in shares of Gaming and Leisure Properties in the third quarter worth $32,000. EdgeRock Capital LLC bought a new stake in shares of Gaming and Leisure Properties in the fourth quarter worth $33,000. GAMMA Investing LLC purchased a new stake in Gaming and Leisure Properties during the fourth quarter valued at $51,000. Finally, Armstrong Advisory Group Inc. lifted its holdings in Gaming and Leisure Properties by 166.2% in the fourth quarter. Armstrong Advisory Group Inc. now owns 1,203 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 751 shares during the period. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on GLPI shares. Royal Bank of Canada cut their price target on Gaming and Leisure Properties from $49.00 to $47.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Stifel Nicolaus boosted their target price on shares of Gaming and Leisure Properties from $50.75 to $51.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Wells Fargo & Company decreased their price target on shares of Gaming and Leisure Properties from $49.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Thursday. Wedbush reissued an “outperform” rating and set a $51.00 price objective on shares of Gaming and Leisure Properties in a research report on Friday, May 17th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $53.00 target price on shares of Gaming and Leisure Properties in a report on Tuesday, May 21st. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $51.31.

Check Out Our Latest Stock Report on Gaming and Leisure Properties

Gaming and Leisure Properties Stock Performance

GLPI opened at $44.90 on Friday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 6.47 and a current ratio of 6.47. The stock has a market capitalization of $12.19 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 5.28 and a beta of 0.94. The company has a fifty day moving average of $44.31 and a 200 day moving average of $45.67. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $50.59.

Gaming and Leisure Properties (NASDAQ:GLPIGet Free Report) last issued its earnings results on Friday, April 26th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.26). Gaming and Leisure Properties had a return on equity of 16.79% and a net margin of 50.05%. The firm had revenue of $376.00 million during the quarter, compared to the consensus estimate of $368.44 million. During the same period last year, the firm posted $0.92 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 3.66 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.77%. Gaming and Leisure Properties’s dividend payout ratio is currently 112.18%.

Gaming and Leisure Properties Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Gaming and Leisure Properties (NASDAQ:GLPI)

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