Ontario Teachers Pension Plan Board Purchases 5,480 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Ontario Teachers Pension Plan Board lifted its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 36.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,612 shares of the real estate investment trust's stock after purchasing an additional 5,480 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Gaming and Leisure Properties were worth $993,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of GLPI. Norges Bank bought a new stake in Gaming and Leisure Properties during the 4th quarter valued at approximately $176,123,000. Raymond James Financial Inc. acquired a new position in Gaming and Leisure Properties during the 4th quarter valued at $49,188,000. Franklin Resources Inc. boosted its holdings in Gaming and Leisure Properties by 7.8% in the 3rd quarter. Franklin Resources Inc. now owns 12,259,224 shares of the real estate investment trust's stock valued at $641,059,000 after purchasing an additional 889,698 shares during the period. Aew Capital Management L P increased its holdings in shares of 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 period. Finally, Barclays PLC raised its position in shares of Gaming and Leisure Properties by 129.1% during the third quarter. Barclays PLC now owns 896,831 shares of the real estate investment trust's stock valued at $46,142,000 after buying an additional 505,382 shares during the last quarter. Institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Stock Up 1.4 %

Shares of Gaming and Leisure Properties stock traded up $0.68 during trading on Tuesday, reaching $49.48. The stock had a trading volume of 210,038 shares, compared to its average volume of 1,240,025. Gaming and Leisure Properties, Inc. has a 52 week low of $42.20 and a 52 week high of $52.60. The stock has a fifty day moving average price of $49.43 and a two-hundred day moving average price of $49.37. The company has a market capitalization of $13.60 billion, a price-to-earnings ratio of 17.23, a P/E/G ratio of 2.01 and a beta of 0.72. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.95 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 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%. Sell-side analysts predict 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 announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.76 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.14%. Gaming and Leisure Properties's dividend payout ratio (DPR) is currently 105.92%.

Insiders Place Their Bets

In related news, Director E Scott Urdang sold 5,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $50.89, for a total transaction of $254,450.00. Following the transaction, the director now directly owns 140,953 shares in the company, valued at approximately $7,173,098.17. The trade was a 3.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Matthew Demchyk sold 17,617 shares of the firm's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $49.40, for a total value of $870,279.80. Following the sale, the senior vice president now directly owns 54,140 shares of the company's stock, valued at approximately $2,674,516. This represents a 24.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,459 shares of company stock valued at $2,024,241 in the last 90 days. Corporate insiders own 4.37% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on GLPI. Mizuho boosted their price target on Gaming and Leisure Properties from $51.00 to $53.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Royal Bank of Canada lowered their price target on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. Morgan Stanley lowered 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 report on Wednesday, January 15th. Barclays decreased their price objective on Gaming and Leisure Properties from $55.00 to $53.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 4th. Finally, Scotiabank dropped their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating for the company in a research note on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.11.

Gaming and Leisure Properties Company 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.