Cibc World Markets Corp Acquires 3,934 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Cibc World Markets Corp raised its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 4.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,269 shares of the real estate investment trust’s stock after acquiring an additional 3,934 shares during the quarter. Cibc World Markets Corp’s holdings in Gaming and Leisure Properties were worth $4,444,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC grew its stake in shares of Gaming and Leisure Properties by 8.7% during the 4th quarter. GAMMA Investing LLC now owns 2,826 shares of the real estate investment trust’s stock worth $136,000 after acquiring an additional 226 shares in the last quarter. Opal Wealth Advisors LLC grew its stake in shares of Gaming and Leisure Properties by 4.9% during the 4th quarter. Opal Wealth Advisors LLC now owns 5,082 shares of the real estate investment trust’s stock worth $245,000 after acquiring an additional 238 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of Gaming and Leisure Properties by 5.1% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 5,433 shares of the real estate investment trust’s stock worth $280,000 after acquiring an additional 262 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Gaming and Leisure Properties by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 55,881 shares of the real estate investment trust’s stock worth $2,691,000 after acquiring an additional 277 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of Gaming and Leisure Properties by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 7,948 shares of the real estate investment trust’s stock worth $409,000 after acquiring an additional 278 shares in the last quarter. 91.14% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Matthew Demchyk sold 1,149 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $47.80, for a total transaction of $54,922.20. Following the completion of the sale, the senior vice president now owns 91,620 shares of the company’s stock, valued at $4,379,436. This represents a 1.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director E Scott Urdang sold 5,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $49.72, for a total transaction 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 represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,064 shares of company stock valued at $2,778,908. 4.37% of the stock is owned by company insiders.

Gaming and Leisure Properties Trading Up 0.6 %

Shares of Gaming and Leisure Properties stock opened at $50.87 on Thursday. The firm has a 50-day moving average of $48.96 and a 200-day moving average of $49.77. The stock has a market cap of $13.98 billion, a PE ratio of 17.72, a PEG ratio of 2.01 and a beta of 1.00. Gaming and Leisure Properties, Inc. has a 52-week low of $41.80 and a 52-week high of $52.60. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. The company had revenue of $389.62 million during the quarter, compared to analysts’ expectations of $391.54 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. As a group, sell-side analysts forecast 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 will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.76 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 5.98%. Gaming and Leisure Properties’s payout ratio is presently 105.92%.

Analysts Set New Price Targets

GLPI has been the subject of several research reports. Wells Fargo & Company raised their price target on shares of Gaming and Leisure Properties from $50.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. Royal Bank of Canada decreased their target price on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. Scotiabank decreased their target price on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and raised their target price for the company from $49.00 to $54.00 in a research note on Wednesday, November 20th. Finally, Stifel Nicolaus raised their target price on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $53.96.

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.