New York State Common Retirement Fund Reduces Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

New York State Common Retirement Fund lowered its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 197,710 shares of the real estate investment trust's stock after selling 6,200 shares during the quarter. New York State Common Retirement Fund owned 0.07% of Gaming and Leisure Properties worth $9,522,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of GLPI. Creative Planning lifted its position 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 valued at $810,000 after purchasing an additional 2,841 shares during the last quarter. Private Advisor Group LLC lifted its position in Gaming and Leisure Properties by 9.2% during the third quarter. Private Advisor Group LLC now owns 13,646 shares of the real estate investment trust's stock valued at $702,000 after purchasing an additional 1,152 shares during the last quarter. International Assets Investment Management LLC lifted its position in Gaming and Leisure Properties by 5,015.8% during the third quarter. International Assets Investment Management LLC now owns 53,511 shares of the real estate investment trust's stock valued at $2,753,000 after purchasing an additional 52,465 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Gaming and Leisure Properties by 31.6% during 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 purchasing an additional 2,838 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted 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 during the last quarter. Institutional investors own 91.14% of the company's stock.

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Wall Street Analyst Weigh In

GLPI has been the topic of several recent analyst reports. Stifel Nicolaus increased their target price on shares of 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. Barclays initiated coverage on shares of Gaming and Leisure Properties in a research note on Tuesday, December 17th. They issued an "equal weight" rating and a $54.53 target price on the stock. Morgan Stanley downgraded shares of Gaming and Leisure Properties from an "overweight" rating to an "equal weight" rating and set a $53.00 target price on the stock. in a research note on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a "hold" rating to a "buy" rating and increased their target price for the company from $49.00 to $54.00 in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a "neutral" rating to an "overweight" rating and increased their target price for the company from $49.00 to $54.00 in a research note on Friday, December 13th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $54.15.

Insider Transactions at Gaming and Leisure Properties

In other news, SVP Matthew Demchyk sold 10,474 shares of Gaming and Leisure Properties stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $48.62, for a total value of $509,245.88. Following the transaction, the senior vice president now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Brandon John Moore sold 3,982 shares of Gaming and Leisure Properties stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total transaction of $190,498.88. Following the completion of the transaction, the chief operating officer now directly owns 278,634 shares in the company, valued at approximately $13,329,850.56. The trade was a 1.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,222 shares of company stock valued at $1,873,547 in the last 90 days. Insiders own 4.37% of the company's stock.

Gaming and Leisure Properties Stock Up 0.5 %

Gaming and Leisure Properties stock traded up $0.23 during midday trading on Friday, hitting $50.15. 1,944,895 shares of the company's stock were exchanged, compared to its average volume of 1,184,702. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. Gaming and Leisure Properties, Inc. has a 12 month low of $41.80 and a 12 month high of $52.60. The firm has a 50-day moving average of $48.25 and a two-hundred day moving average of $49.77. The company has a market cap of $13.78 billion, a PE ratio of 17.47, a P/E/G ratio of 2.01 and a beta of 0.99.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued 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 net margin of 51.65% and a return on equity of 17.41%. The company had revenue of $389.62 million for the quarter, compared to analysts' expectations of $391.54 million. As a group, analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 6.06%. The ex-dividend date of this dividend is Friday, March 14th. Gaming and Leisure Properties's payout ratio is currently 105.92%.

Gaming and Leisure Properties Company 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.