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

Public Sector Pension Investment Board lifted its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 30.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 35,566 shares of the real estate investment trust’s stock after acquiring an additional 8,269 shares during the quarter. Public Sector Pension Investment Board’s holdings in Gaming and Leisure Properties were worth $1,830,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of GLPI. Ignite Planners LLC boosted its holdings in Gaming and Leisure Properties by 1.8% in the 2nd quarter. Ignite Planners LLC now owns 12,181 shares of the real estate investment trust’s stock worth $543,000 after acquiring an additional 220 shares during the period. EP Wealth Advisors LLC lifted its position in shares of Gaming and Leisure Properties by 0.7% during the second quarter. EP Wealth Advisors LLC now owns 33,990 shares of the real estate investment trust’s stock worth $1,537,000 after purchasing an additional 220 shares in the last quarter. Ieq Capital LLC boosted its stake in shares of Gaming and Leisure Properties by 0.3% in the second quarter. Ieq Capital LLC now owns 90,749 shares of the real estate investment trust’s stock valued at $4,103,000 after purchasing an additional 257 shares during the period. CIBC Asset Management Inc grew its holdings in 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 valued at $409,000 after purchasing an additional 278 shares in the last quarter. Finally, Marshall Financial Group LLC increased its stake in Gaming and Leisure Properties by 1.4% during the 3rd quarter. Marshall Financial Group LLC now owns 20,917 shares of the real estate investment trust’s stock worth $1,076,000 after buying an additional 289 shares during the period. Institutional investors and hedge funds own 91.14% of the company’s stock.

Insider Buying and Selling

In other news, Director E Scott Urdang sold 3,000 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $50.39, for a total transaction of $151,170.00. Following the completion of the transaction, the director now owns 146,800 shares of the company’s stock, valued at approximately $7,397,252. The trade was a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.37% of the stock is owned by company insiders.

Gaming and Leisure Properties Trading Up 0.2 %

Gaming and Leisure Properties stock opened at $51.52 on Friday. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year high of $52.60. The firm’s 50-day moving average is $50.63 and its 200-day moving average is $48.81. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. The company has a market cap of $14.14 billion, a P/E ratio of 18.01, a PEG ratio of 2.17 and a beta of 0.98.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.25). The business had revenue of $385.34 million during the quarter, compared to the consensus estimate of $385.09 million. Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.92 EPS. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.76 per share. The ex-dividend date is Friday, December 6th. This represents a $3.04 dividend on an annualized basis and a yield of 5.90%. Gaming and Leisure Properties’s dividend payout ratio is currently 106.29%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GLPI. Wells Fargo & Company reissued an “equal weight” rating and issued a $52.00 price objective (up from $51.00) on shares of Gaming and Leisure Properties in a research report on Tuesday, October 1st. Raymond James raised their price objective on Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a research note on Wednesday, August 21st. StockNews.com lowered Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Stifel Nicolaus raised their price target on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $55.00 price target on shares of Gaming and Leisure Properties in a report on Tuesday, October 29th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $53.32.

Gaming and Leisure Properties 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.