Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Holdings Decreased by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board lessened its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 83.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,132 shares of the real estate investment trust’s stock after selling 74,167 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Gaming and Leisure Properties were worth $779,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Ignite Planners LLC boosted its holdings in shares of Gaming and Leisure Properties by 1.8% in the second quarter. Ignite Planners LLC now owns 12,181 shares of the real estate investment trust’s stock valued at $543,000 after acquiring an additional 220 shares in the last quarter. EP Wealth Advisors LLC boosted its stake in Gaming and Leisure Properties by 0.7% during the 2nd quarter. EP Wealth Advisors LLC now owns 33,990 shares of the real estate investment trust’s stock valued at $1,537,000 after purchasing an additional 220 shares in the last quarter. Ieq Capital LLC increased its position in shares of Gaming and Leisure Properties by 0.3% during the 2nd quarter. Ieq Capital LLC now owns 90,749 shares of the real estate investment trust’s stock valued at $4,103,000 after purchasing an additional 257 shares during the period. CIBC Asset Management Inc raised its stake in shares of Gaming and Leisure Properties by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 7,948 shares of the real estate investment trust’s stock worth $409,000 after buying an additional 278 shares in the last quarter. Finally, Marshall Financial Group LLC lifted its holdings in shares of Gaming and Leisure Properties by 1.4% in the third quarter. Marshall Financial Group LLC now owns 20,917 shares of the real estate investment trust’s stock valued at $1,076,000 after buying an additional 289 shares during the period. Institutional investors own 91.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on GLPI shares. Wolfe Research upgraded shares of Gaming and Leisure Properties from a “peer perform” rating to an “outperform” rating and set a $57.00 price objective for the company in a research report on Friday, August 23rd. Wells Fargo & Company restated an “equal weight” rating and issued a $52.00 price target (up previously from $51.00) on shares of Gaming and Leisure Properties in a research report on Tuesday, October 1st. StockNews.com cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Stifel Nicolaus lifted their target price on Gaming and Leisure Properties from $52.00 to $52.50 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada upped their target price on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Gaming and Leisure Properties presently has a consensus rating of “Moderate Buy” and an average price target of $52.96.

Insiders Place Their Bets

In related 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 completion of the transaction, the director now directly owns 146,800 shares in the company, valued at $7,397,252. The trade was a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Desiree A. Burke sold 12,973 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $52.02, for a total transaction of $674,855.46. Following the completion of the transaction, the chief financial officer now owns 108,073 shares in the company, valued at approximately $5,621,957.46. This trade represents a 10.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,858 shares of company stock valued at $1,171,377 over the last ninety days. 4.37% of the stock is currently owned by insiders.

Gaming and Leisure Properties Stock Performance

Shares of Gaming and Leisure Properties stock opened at $50.65 on Friday. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $52.60. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. The firm has a market capitalization of $13.90 billion, a P/E ratio of 17.71, a P/E/G ratio of 2.16 and a beta of 0.99. The company’s 50 day moving average price is $50.58 and its two-hundred day moving average price is $48.35.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its 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). The company had revenue of $385.34 million for the quarter, compared to the consensus estimate of $385.09 million. Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 earnings per share. On average, equities analysts forecast that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 6.00%. The ex-dividend date was Friday, September 13th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 106.29%.

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.