Employees Retirement System of Texas Purchases 4,000 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Employees Retirement System of Texas grew its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 182,164 shares of the real estate investment trust’s stock after buying an additional 4,000 shares during the period. Employees Retirement System of Texas owned 0.07% of Gaming and Leisure Properties worth $8,773,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stonebridge Financial Group LLC bought a new position in Gaming and Leisure Properties during the fourth quarter worth about $31,000. CKW Financial Group lifted its stake in shares of Gaming and Leisure Properties by 75.0% during the 4th quarter. CKW Financial Group now owns 700 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 300 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Gaming and Leisure Properties in the 3rd quarter worth approximately $66,000. UMB Bank n.a. boosted its holdings in Gaming and Leisure Properties by 57.4% in the 4th quarter. UMB Bank n.a. now owns 1,368 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 499 shares during the period. Finally, Venturi Wealth Management LLC grew its stake in Gaming and Leisure Properties by 59.7% in the 4th quarter. Venturi Wealth Management LLC now owns 1,730 shares of the real estate investment trust’s stock valued at $83,000 after buying an additional 647 shares in the last quarter. Institutional investors own 91.14% of the company’s stock.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,000 shares of the stock in a transaction 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 completion of the sale, the director now owns 140,953 shares of the company’s stock, valued at $7,173,098.17. This represents a 3.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Matthew Demchyk sold 10,474 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $48.62, for a total transaction of $509,245.88. Following the completion of the transaction, the senior vice president now owns 71,757 shares in the company, 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. Insiders have sold a total of 50,933 shares of company stock worth $2,533,487 in the last 90 days. 4.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GLPI has been the subject of a number of analyst reports. Scotiabank cut their price target on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. Royal Bank of Canada dropped their price objective on 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. Barclays lowered their price target on shares of 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. JMP Securities reaffirmed a “market outperform” rating and set a $55.00 price objective on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Finally, Mizuho increased their target price on shares of Gaming and Leisure Properties from $51.00 to $53.00 and gave the stock a “neutral” rating in a research note on Thursday. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Gaming and Leisure Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.11.

Gaming and Leisure Properties Trading Down 3.1 %

Shares of GLPI stock opened at $47.89 on Monday. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. The firm has a market cap of $13.16 billion, a P/E ratio of 16.69, a price-to-earnings-growth ratio of 2.01 and a beta of 0.72. The business has a 50-day moving average price of $49.66 and a two-hundred day moving average price of $49.64. Gaming and Leisure Properties, Inc. has a 12-month low of $41.80 and a 12-month high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. The company had revenue of $389.62 million during the quarter, compared to the consensus estimate of $391.54 million. Equities 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 firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 6.35%. The ex-dividend date was Friday, March 14th. Gaming and Leisure Properties’s dividend payout ratio is currently 105.92%.

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.