Illinois Municipal Retirement Fund Has $2.15 Million Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Illinois Municipal Retirement Fund raised its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 56.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,540 shares of the real estate investment trust's stock after acquiring an additional 16,067 shares during the period. Illinois Municipal Retirement Fund's holdings in Gaming and Leisure Properties were worth $2,145,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Creative Planning grew its stake in Gaming and Leisure Properties by 22.0% during the third quarter. Creative Planning now owns 15,737 shares of the real estate investment trust's stock worth $810,000 after buying an additional 2,841 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of Gaming and Leisure Properties by 9.2% during the 3rd quarter. Private Advisor Group LLC now owns 13,646 shares of the real estate investment trust's stock worth $702,000 after acquiring an additional 1,152 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Gaming and Leisure Properties by 5,015.8% during the 3rd quarter. International Assets Investment Management LLC now owns 53,511 shares of the real estate investment trust's stock worth $2,753,000 after acquiring an additional 52,465 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Gaming and Leisure Properties by 31.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,807 shares of the real estate investment trust's stock valued at $599,000 after acquiring an additional 2,838 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Gaming and Leisure Properties by 8.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,586 shares of the real estate investment trust's stock valued at $596,000 after purchasing an additional 928 shares in the last quarter. 91.14% of the stock is currently owned by institutional investors.

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Gaming and Leisure Properties Trading Up 0.6 %

Shares of Gaming and Leisure Properties stock traded up $0.31 on Tuesday, hitting $50.17. 738,373 shares of the company's stock traded hands, compared to its average volume of 1,182,927. The company has a fifty day moving average of $48.36 and a two-hundred day moving average of $49.79. Gaming and Leisure Properties, Inc. has a one year low of $41.80 and a one year high of $52.60. The company has a market capitalization of $13.79 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35.

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

Gaming and Leisure Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 6.06%. The ex-dividend date is Friday, March 14th. Gaming and Leisure Properties's dividend payout ratio is presently 105.92%.

Insiders Place Their Bets

In other 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 transaction, the senior vice president now owns 91,620 shares in the company, valued at approximately $4,379,436. This represents a 1.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director E Scott Urdang sold 5,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $49.72, for a total value of $248,600.00. Following the completion of the sale, the director now owns 145,953 shares of the company's stock, valued at approximately $7,256,783.16. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,742 shares of company stock worth $2,101,682. 4.37% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

GLPI has been the topic of several research analyst reports. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $49.00 to $54.00 in a research note on Friday, December 13th. Royal Bank of Canada cut their target price on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. Mizuho decreased their price target on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a "neutral" rating for the company in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft upgraded shares of Gaming and Leisure Properties from a "hold" rating to a "buy" rating and lifted their price target for the stock from $49.00 to $54.00 in a report on Wednesday, November 20th. Finally, Stifel Nicolaus increased their price objective on Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a "buy" rating in a report on Tuesday, November 26th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Gaming and Leisure Properties has an average rating of "Moderate Buy" and an average price target of $54.04.

Gaming and Leisure Properties Profile

Gaming & Leisure Properties, Inc engages in 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.