Vestcor Inc Has $4.45 Million Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Vestcor Inc boosted its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 989.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 86,419 shares of the real estate investment trust's stock after purchasing an additional 78,484 shares during the period. Vestcor Inc's holdings in Gaming and Leisure Properties were worth $4,446,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Segall Bryant & Hamill LLC acquired a new stake in Gaming and Leisure Properties in the 3rd quarter valued at about $693,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Gaming and Leisure Properties by 63.1% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 51,991 shares of the real estate investment trust's stock valued at $2,351,000 after buying an additional 20,111 shares during the period. Sei Investments Co. lifted its position in shares of Gaming and Leisure Properties by 11.4% in the second quarter. Sei Investments Co. now owns 539,593 shares of the real estate investment trust's stock valued at $24,395,000 after buying an additional 55,385 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Gaming and Leisure Properties by 14.0% during the 2nd quarter. Victory Capital Management Inc. now owns 793,885 shares of the real estate investment trust's stock worth $35,892,000 after acquiring an additional 97,594 shares during the period. Finally, Cerity Partners LLC increased its holdings in shares of Gaming and Leisure Properties by 87.5% during the 3rd quarter. Cerity Partners LLC now owns 14,410 shares of the real estate investment trust's stock worth $741,000 after acquiring an additional 6,724 shares during the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Gaming and Leisure Properties

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

Gaming and Leisure Properties Price Performance

GLPI traded down $0.13 on Wednesday, hitting $49.61. 1,329,806 shares of the stock were exchanged, compared to its average volume of 1,302,252. The firm has a market capitalization of $13.61 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 2.14 and a beta of 0.98. 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, Inc. has a 12 month low of $41.80 and a 12 month high of $52.60. The business has a 50-day moving average of $50.54 and a two-hundred day moving average of $48.96.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.25). Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. The firm had revenue of $385.34 million for the quarter, compared to analyst estimates of $385.09 million. During the same quarter in the prior year, the business posted $0.92 EPS. The business's revenue was up 7.2% on a year-over-year basis. Sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.13%. Gaming and Leisure Properties's payout ratio is currently 106.29%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Mizuho cut their price target on Gaming and Leisure Properties from $52.00 to $51.00 and set a "neutral" rating for the company in a report on Thursday, November 14th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $52.00 target price (up previously from $51.00) on shares of Gaming and Leisure Properties in a report on Tuesday, October 1st. Wolfe Research raised shares of Gaming and Leisure Properties from a "peer perform" rating to an "outperform" rating and set a $57.00 price target on the stock in a report on Friday, August 23rd. Stifel Nicolaus boosted their price objective on Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Finally, Raymond James increased their target price on Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Gaming and Leisure Properties has an average rating of "Moderate Buy" and a consensus price target of $53.50.

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.