New York State Teachers Retirement System Has $9.53 Million Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

New York State Teachers Retirement System raised its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 15.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 193,078 shares of the real estate investment trust’s stock after acquiring an additional 25,259 shares during the quarter. New York State Teachers Retirement System owned approximately 0.07% of Gaming and Leisure Properties worth $9,528,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC raised its stake in Gaming and Leisure Properties by 203.0% in the 1st quarter. Atlas Capital Advisors LLC now owns 512 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 343 shares in the last quarter. Operose Advisors LLC acquired a new stake in Gaming and Leisure Properties in the 3rd quarter worth about $32,000. Zions Bancorporation N.A. acquired a new stake in Gaming and Leisure Properties in the 1st quarter worth about $43,000. RVW Wealth LLC acquired a new stake in Gaming and Leisure Properties in the 3rd quarter worth about $47,000. Finally, Armstrong Advisory Group Inc. increased its holdings in Gaming and Leisure Properties by 166.2% in the 4th quarter. Armstrong Advisory Group Inc. now owns 1,203 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 751 shares during the period. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Down 5.9 %

NASDAQ:GLPI opened at $43.29 on Thursday. The firm’s 50 day simple moving average is $45.43 and its 200 day simple moving average is $46.10. The company has a debt-to-equity ratio of 1.48, a current ratio of 7.41 and a quick ratio of 7.41. Gaming and Leisure Properties, Inc. has a one year low of $43.23 and a one year high of $52.45. The company has a market cap of $11.75 billion, a PE ratio of 15.63, a P/E/G ratio of 5.68 and a beta of 0.94.

Gaming and Leisure Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.76 per share. The ex-dividend date was Thursday, March 14th. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.73. This represents a $3.04 annualized dividend and a yield of 7.02%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 109.75%.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang bought 2,500 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were acquired at an average cost of $45.00 per share, for a total transaction of $112,500.00. Following the transaction, the director now directly owns 156,685 shares in the company, valued at $7,050,825. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on GLPI. Morgan Stanley decreased their target price on shares of Gaming and Leisure Properties from $55.00 to $53.00 and set an “overweight” rating on the stock in a report on Thursday, March 21st. Mizuho decreased their price target on shares of Gaming and Leisure Properties from $50.00 to $47.00 and set a “neutral” rating on the stock in a report on Thursday, March 7th. JMP Securities reaffirmed a “market outperform” rating and set a $53.00 price target on shares of Gaming and Leisure Properties in a report on Monday, March 4th. StockNews.com raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Thursday, February 29th. Finally, Royal Bank of Canada decreased their price target on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set an “outperform” rating on the stock in a report on Thursday, February 29th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $52.09.

Gaming and Leisure Properties Company 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.