National Pension Service Purchases 57,282 Shares of Gaming and Leisure Properties, Inc. $GLPI

National Pension Service boosted its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 26.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 273,012 shares of the real estate investment trust’s stock after purchasing an additional 57,282 shares during the period. National Pension Service owned approximately 0.10% of Gaming and Leisure Properties worth $12,725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of GLPI. Spire Wealth Management lifted its stake in shares of Gaming and Leisure Properties by 62.3% during the 3rd quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 238 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Gaming and Leisure Properties by 89.3% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 655 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 309 shares during the period. REAP Financial Group LLC increased its position in shares of Gaming and Leisure Properties by 66.0% during the second quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 264 shares during the period. Quent Capital LLC purchased a new stake in shares of Gaming and Leisure Properties in the third quarter valued at approximately $31,000. Finally, Bayforest Capital Ltd increased its holdings in Gaming and Leisure Properties by 412.1% during the 3rd quarter. Bayforest Capital Ltd now owns 676 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 544 shares during the period. Institutional investors own 91.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on GLPI shares. Mizuho set a $50.00 price target on Gaming and Leisure Properties and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Cantor Fitzgerald lowered their price target on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. UBS Group reissued a “buy” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 8th. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and increased their target price for the company from $52.00 to $53.00 in a research report on Friday, December 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 22nd. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $51.70.

Insider Buying and Selling

In other Gaming and Leisure Properties news, SVP Steven Ladany sold 13,409 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $45.04, for a total value of $603,941.36. Following the completion of the sale, the senior vice president owned 57,886 shares of the company’s stock, valued at approximately $2,607,185.44. This trade represents a 18.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 36,864 shares of company stock valued at $1,650,906 in the last three months. Company insiders own 4.26% of the company’s stock.

Gaming and Leisure Properties Stock Performance

Shares of GLPI stock opened at $44.37 on Tuesday. Gaming and Leisure Properties, Inc. has a 12-month low of $41.17 and a 12-month high of $52.24. The business’s fifty day simple moving average is $44.39 and its 200-day simple moving average is $45.46. The company has a current ratio of 13.23, a quick ratio of 13.23 and a debt-to-equity ratio of 1.47. The company has a market cap of $12.56 billion, a PE ratio of 16.08, a PEG ratio of 2.48 and a beta of 0.67.

Gaming and Leisure Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were paid a $0.78 dividend. The ex-dividend date was Friday, December 5th. This represents a $3.12 dividend on an annualized basis and a yield of 7.0%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 113.04%.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust (REIT) specializing in the ownership and management of gaming and entertainment properties. Established in 2013 as a spin-off from Penn National Gaming, the company was designed to acquire and hold real estate assets associated with casinos, racetracks and other gaming facilities, while leasing those assets back to operating partners under long-term, triple-net lease agreements.

The company’s core activities involve identifying attractive gaming real estate, structuring lease agreements that align tenant incentives with property performance, and actively managing its portfolio to enhance asset value.