Skandinaviska Enskilda Banken AB publ Has $5.35 Million Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Skandinaviska Enskilda Banken AB publ cut its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 51.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 112,008 shares of the real estate investment trust’s stock after selling 118,200 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Gaming and Leisure Properties were worth $5,346,000 as of its most recent SEC filing.

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

Gaming and Leisure Properties Trading Up 0.7 %

Shares of NASDAQ:GLPI opened at $49.78 on Friday. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year high of $52.60. The company has a market capitalization of $13.68 billion, a P/E ratio of 17.35, a P/E/G ratio of 2.01 and a beta of 1.00. 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 business’s 50 day simple moving average is $48.75 and its 200 day simple moving average is $49.79.

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, topping the consensus estimate of $0.94 by $0.01. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. The business had revenue of $389.62 million during the quarter, compared to analyst estimates of $391.54 million. On average, research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently disclosed 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. This represents a $3.04 annualized dividend and a dividend yield of 6.11%. The ex-dividend date is Friday, March 14th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 105.92%.

Insider Transactions at Gaming and Leisure Properties

In other news, SVP Matthew Demchyk sold 1,149 shares of Gaming and Leisure Properties stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $47.80, for a total value of $54,922.20. Following the completion of the transaction, the senior vice president now directly owns 91,620 shares of the company’s stock, valued at approximately $4,379,436. This trade represents a 1.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Brandon John Moore sold 3,982 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total value of $190,498.88. Following the completion of the sale, the chief operating officer now directly owns 278,634 shares of the company’s stock, valued at $13,329,850.56. The trade was a 1.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,064 shares of company stock valued at $2,778,908. Corporate insiders own 4.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GLPI. Barclays decreased their target price on Gaming and Leisure Properties from $55.00 to $53.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 4th. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $49.00 to $54.00 in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and boosted their target price for the company from $49.00 to $54.00 in a research note on Wednesday, November 20th. JMP Securities reissued a “market outperform” rating and issued a $55.00 target price on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Finally, Stifel Nicolaus boosted their target price on 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 investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.96.

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.