California Public Employees Retirement System Has $41.71 Million Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

California Public Employees Retirement System increased its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 866,056 shares of the real estate investment trust's stock after acquiring an additional 41,586 shares during the quarter. California Public Employees Retirement System owned about 0.32% of Gaming and Leisure Properties worth $41,709,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in GLPI. US Bancorp DE lifted its position in Gaming and Leisure Properties by 106.2% during the fourth quarter. US Bancorp DE now owns 44,745 shares of the real estate investment trust's stock worth $2,155,000 after acquiring an additional 23,050 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Gaming and Leisure Properties by 11.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 24,560 shares of the real estate investment trust's stock worth $1,183,000 after purchasing an additional 2,498 shares during the period. Aew Capital Management L P lifted its holdings in Gaming and Leisure Properties by 1,786.5% during the 4th quarter. Aew Capital Management L P now owns 761,600 shares of the real estate investment trust's stock worth $36,679,000 after purchasing an additional 721,230 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Gaming and Leisure Properties in the 4th quarter valued at $49,188,000. Finally, Proficio Capital Partners LLC bought a new stake in Gaming and Leisure Properties in the 4th quarter valued at $768,000. Institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Price Performance

NASDAQ:GLPI traded down $1.40 during trading hours on Monday, hitting $46.49. The company's stock had a trading volume of 1,717,923 shares, compared to its average volume of 1,236,925. 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 company has a market capitalization of $12.78 billion, a P/E ratio of 16.20, a PEG ratio of 2.01 and a beta of 0.72. Gaming and Leisure Properties, Inc. has a twelve month low of $41.80 and a twelve month high of $52.60. The stock has a fifty day simple moving average of $49.59 and a 200-day simple moving average of $49.61.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.94 by $0.01. The company had revenue of $389.62 million for the quarter, compared to the consensus estimate of $391.54 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. On average, analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.76 per share. The ex-dividend date was Friday, March 14th. This represents a $3.04 annualized dividend and a dividend yield of 6.54%. Gaming and Leisure Properties's dividend payout ratio (DPR) is presently 105.92%.

Insider Activity

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $50.89, for a total transaction of $254,450.00. Following the sale, the director now directly owns 140,953 shares of the company's stock, valued at $7,173,098.17. The trade was a 3.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Matthew Demchyk sold 10,474 shares of the firm's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $48.62, for a total transaction of $509,245.88. Following the transaction, the senior vice president now directly owns 71,757 shares of the company's stock, valued at $3,488,825.34. The trade was a 12.74 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,933 shares of company stock worth $2,533,487. Insiders own 4.37% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Morgan Stanley downgraded Gaming and Leisure Properties from an "overweight" rating to an "equal weight" rating and set a $53.00 target price for the company. in a report on Wednesday, January 15th. JMP Securities reiterated a "market outperform" rating and issued a $55.00 price objective on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Scotiabank decreased their target price on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating on the stock in a research report on Thursday, January 16th. Barclays dropped their price target on shares of Gaming and Leisure Properties from $55.00 to $53.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. raised Gaming and Leisure Properties from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $49.00 to $54.00 in a research report on Friday, December 13th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Gaming and Leisure Properties presently has a consensus rating of "Moderate Buy" and an average price target of $54.11.

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.