New York State Common Retirement Fund Has $13.82 Million Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

New York State Common Retirement Fund lessened its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 2.9% during the 4th quarter, Holdings Channel reports. The firm owned 280,005 shares of the real estate investment trust’s stock after selling 8,457 shares during the quarter. New York State Common Retirement Fund’s holdings in Gaming and Leisure Properties were worth $13,818,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GLPI. Operose Advisors LLC acquired a new position in Gaming and Leisure Properties in the third quarter valued at about $32,000. Armstrong Advisory Group Inc. boosted its holdings in shares of 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 worth $59,000 after acquiring an additional 751 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in Gaming and Leisure Properties during the 3rd quarter worth approximately $79,000. CWM LLC increased its holdings in Gaming and Leisure Properties by 38.7% during the 3rd quarter. CWM LLC now owns 1,954 shares of the real estate investment trust’s stock valued at $89,000 after purchasing an additional 545 shares in the last quarter. Finally, Rocky Mountain Advisers LLC bought a new position in Gaming and Leisure Properties in the 4th quarter valued at $103,000. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Performance

Shares of Gaming and Leisure Properties stock opened at $43.20 on Tuesday. The firm has a fifty day moving average of $44.78 and a two-hundred day moving average of $45.84. The company has a debt-to-equity ratio of 1.49, a quick ratio of 6.47 and a current ratio of 6.47. The stock has a market capitalization of $11.73 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 5.31 and a beta of 0.94. Gaming and Leisure Properties, Inc. has a 52 week low of $41.80 and a 52 week high of $52.31.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.26). Gaming and Leisure Properties had a return on equity of 16.79% and a net margin of 50.05%. The company had revenue of $376.00 million for the quarter, compared to analyst estimates of $368.44 million. During the same period last year, the firm earned $0.92 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities research analysts predict that Gaming and Leisure Properties, Inc. will post 3.66 EPS for the current year.

Gaming and Leisure Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 7.04%. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.73. The ex-dividend date was Thursday, March 14th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 112.18%.

Analyst Ratings Changes

GLPI has been the topic of several research analyst reports. JMP Securities restated a “market outperform” rating and set a $53.00 target price on shares of Gaming and Leisure Properties in a report on Monday, March 4th. Mizuho lowered 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 research report on Thursday, March 7th. Royal Bank of Canada dropped their target price on shares of Gaming and Leisure Properties from $49.00 to $47.00 and set an “outperform” rating for the company in a research note on Monday. StockNews.com raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th. Finally, Morgan Stanley dropped 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 research report on Thursday, March 21st. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $51.91.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was purchased at an average price of $45.00 per share, for a total transaction of $112,500.00. Following the completion of the acquisition, the director now owns 156,685 shares in the company, valued at $7,050,825. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.40% of the stock is currently owned by corporate 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.