Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 6.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,297 shares of the real estate investment trust’s stock after acquiring an additional 1,759 shares during the period. Public Sector Pension Investment Board’s holdings in Gaming and Leisure Properties were worth $1,234,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in GLPI. Wells Fargo & Company MN increased its position in shares of Gaming and Leisure Properties by 2.9% in the fourth quarter. Wells Fargo & Company MN now owns 224,799 shares of the real estate investment trust’s stock worth $11,094,000 after acquiring an additional 6,351 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of Gaming and Leisure Properties by 1.9% in the fourth quarter. Corient Private Wealth LLC now owns 17,844 shares of the real estate investment trust’s stock worth $881,000 after acquiring an additional 327 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Gaming and Leisure Properties by 33.9% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 29,631 shares of the real estate investment trust’s stock valued at $1,462,000 after purchasing an additional 7,494 shares in the last quarter. TD Asset Management Inc grew its holdings in Gaming and Leisure Properties by 12.4% during the 4th quarter. TD Asset Management Inc now owns 40,090 shares of the real estate investment trust’s stock valued at $1,978,000 after purchasing an additional 4,420 shares in the last quarter. Finally, Bank of Nova Scotia grew its holdings in Gaming and Leisure Properties by 36.4% during the 4th quarter. Bank of Nova Scotia now owns 21,509 shares of the real estate investment trust’s stock valued at $1,061,000 after purchasing an additional 5,740 shares in the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on GLPI. Deutsche Bank Aktiengesellschaft raised their price target on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a “hold” rating in a report on Monday, July 29th. Scotiabank raised their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a report on Tuesday, July 16th. UBS Group raised their price target on shares of Gaming and Leisure Properties from $56.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Stifel Nicolaus raised their price objective on shares of Gaming and Leisure Properties from $52.00 to $52.50 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, JMP Securities raised their price objective on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock a “market outperform” rating in a report on Monday, August 12th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $52.18.

Gaming and Leisure Properties Trading Down 0.6 %

Gaming and Leisure Properties stock opened at $51.14 on Wednesday. The firm’s 50-day moving average is $50.51 and its 200-day moving average is $46.79. The company has a debt-to-equity ratio of 1.49, a quick ratio of 5.91 and a current ratio of 5.91. 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 cap of $13.88 billion, a P/E ratio of 18.87, a PEG ratio of 5.36 and a beta of 0.99.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.15). Gaming and Leisure Properties had a return on equity of 17.60% and a net margin of 52.79%. The business had revenue of $380.60 million during the quarter, compared to the consensus estimate of $377.95 million. During the same quarter in the previous year, the business posted $0.92 earnings per share. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, equities analysts expect that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.76 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.04 annualized dividend and a yield of 5.94%. Gaming and Leisure Properties’s dividend payout ratio is presently 112.18%.

Insider Activity at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 5,605 shares of Gaming and Leisure Properties stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $48.89, for a total value of $274,028.45. Following the sale, the director now directly owns 156,685 shares in the company, valued at approximately $7,660,329.65. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director E Scott Urdang sold 5,605 shares of Gaming and Leisure Properties stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $48.89, for a total value of $274,028.45. Following the sale, the director now directly owns 156,685 shares in the company, valued at approximately $7,660,329.65. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Desiree A. Burke sold 12,973 shares of Gaming and Leisure Properties stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $52.02, for a total transaction of $674,855.46. Following the completion of the sale, the chief financial officer now owns 108,073 shares in the company, valued at $5,621,957.46. The disclosure for this sale can be found here. Insiders have sold a total of 49,478 shares of company stock worth $2,495,429 in the last ninety days. 4.40% of the stock is owned by insiders.

Gaming and Leisure Properties Company 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.