Strs Ohio Has $6.09 Million Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Strs Ohio cut its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 8.2% during the 4th quarter, Holdings Channel reports. The firm owned 123,465 shares of the real estate investment trust’s stock after selling 11,000 shares during the quarter. Strs Ohio’s holdings in Gaming and Leisure Properties were worth $6,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in Gaming and Leisure Properties in the 4th quarter valued at about $129,106,000. Bank of New York Mellon Corp grew its stake in Gaming and Leisure Properties by 78.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,906,793 shares of the real estate investment trust’s stock valued at $132,404,000 after buying an additional 1,278,566 shares during the last quarter. Wellington Management Group LLP grew its stake in Gaming and Leisure Properties by 13.6% in the 1st quarter. Wellington Management Group LLP now owns 10,515,906 shares of the real estate investment trust’s stock valued at $493,511,000 after buying an additional 1,255,222 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Gaming and Leisure Properties by 811.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,349,554 shares of the real estate investment trust’s stock valued at $70,260,000 after buying an additional 1,201,444 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Gaming and Leisure Properties by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 34,218,955 shares of the real estate investment trust’s stock valued at $1,605,894,000 after buying an additional 1,199,697 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on GLPI shares. StockNews.com upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th. Royal Bank of Canada cut their price objective on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set an “outperform” rating for the company in a report on Thursday, February 29th. Mizuho cut their price objective on shares of Gaming and Leisure Properties from $50.00 to $47.00 and set a “neutral” rating for the company in a report on Thursday, March 7th. Morgan Stanley cut their price objective on shares of Gaming and Leisure Properties from $55.00 to $53.00 and set an “overweight” rating for the company in a report on Thursday, March 21st. Finally, JMP Securities reissued a “market outperform” rating and issued a $53.00 price objective on shares of Gaming and Leisure Properties in a report on Monday, March 4th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Gaming and Leisure Properties currently has an average rating of “Moderate Buy” and an average target price of $52.09.

Gaming and Leisure Properties Stock Performance

Shares of Gaming and Leisure Properties stock opened at $42.35 on Friday. The company has a 50 day moving average of $45.08 and a 200-day moving average of $45.97. Gaming and Leisure Properties, Inc. has a 1-year low of $41.80 and a 1-year high of $52.45. The company has a current ratio of 7.41, a quick ratio of 7.41 and a debt-to-equity ratio of 1.48. The company has a market cap of $11.50 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 5.26 and a beta of 0.94.

Gaming and Leisure Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 7.18%. The ex-dividend date was Thursday, March 14th. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.73. Gaming and Leisure Properties’s dividend payout ratio is 109.75%.

Insider Transactions at Gaming and Leisure Properties

In other news, Director E Scott Urdang purchased 2,500 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was bought at an average price of $45.00 per share, with a total value of $112,500.00. Following the acquisition, the director now owns 156,685 shares in the company, valued at approximately $7,050,825. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.40% of the stock is currently owned by insiders.

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.