Oregon Public Employees Retirement Fund Has $2.69 Million Stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Oregon Public Employees Retirement Fund boosted its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 55,881 shares of the real estate investment trust’s stock after acquiring an additional 277 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Gaming and Leisure Properties were worth $2,691,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of GLPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Gaming and Leisure Properties by 647.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,025,526 shares of the real estate investment trust’s stock valued at $104,213,000 after buying an additional 1,754,370 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of 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 worth $641,059,000 after acquiring an additional 889,698 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Gaming and Leisure Properties by 25.3% during the third quarter. Jennison Associates LLC now owns 4,075,461 shares of the real estate investment trust’s stock valued at $209,682,000 after purchasing an additional 821,634 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Gaming and Leisure Properties by 6,162.9% during the third quarter. Janus Henderson Group PLC now owns 812,981 shares of the real estate investment trust’s stock worth $41,820,000 after purchasing an additional 800,000 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Gaming and Leisure Properties in the 3rd quarter worth about $27,057,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Insiders Place Their Bets

In related news, Director E Scott Urdang sold 5,000 shares of Gaming and Leisure Properties stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $49.72, for a total transaction of $248,600.00. Following the completion of the sale, the director now owns 145,953 shares of the company’s stock, valued at approximately $7,256,783.16. This trade represents a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Matthew Demchyk sold 1,149 shares of Gaming and Leisure Properties stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $47.80, for a total value of $54,922.20. Following the sale, the senior vice president now directly owns 91,620 shares of the company’s stock, valued at $4,379,436. This represents a 1.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,222 shares of company stock worth $1,873,547 in the last three months. 4.37% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI opened at $49.92 on Friday. The stock has a market cap of $13.72 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99. 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 quick ratio of 11.35 and a current ratio of 11.35. The stock has a fifty day moving average of $48.25 and a 200-day moving average of $49.77.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $389.62 million for the quarter, compared to analysts’ expectations of $391.54 million. Equities research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 6.09%. The ex-dividend date is Friday, March 14th. Gaming and Leisure Properties’s dividend payout ratio is presently 105.92%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GLPI. Barclays began coverage on Gaming and Leisure Properties in a research note on Tuesday, December 17th. They issued an “equal weight” rating and a $54.53 target price on the stock. Scotiabank cut their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and increased their price target for the company from $49.00 to $54.00 in a research report on Wednesday, November 20th. JPMorgan Chase & Co. upgraded shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and increased their price target for the company from $49.00 to $54.00 in a research report on Friday, December 13th. Finally, Royal Bank of Canada decreased their price target on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating for the company in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $54.15.

Gaming and Leisure Properties Profile

Gaming & Leisure Properties, Inc engages in 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.