National Pension Service Boosts Stake in Gaming and Leisure Properties, Inc. $GLPI

National Pension Service increased its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 26.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 273,012 shares of the real estate investment trust’s stock after buying an additional 57,282 shares during the quarter. National Pension Service’s holdings in Gaming and Leisure Properties were worth $12,725,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Spire Wealth Management grew its stake in 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 valued at $29,000 after purchasing an additional 238 shares during the last quarter. Freedom Investment Management Inc. lifted its holdings in shares of Gaming and Leisure Properties by 4.6% during the second quarter. Freedom Investment Management Inc. now owns 5,977 shares of the real estate investment trust’s stock worth $279,000 after purchasing an additional 261 shares during the period. REAP Financial Group LLC boosted its position in Gaming and Leisure Properties by 66.0% in the second quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 264 shares during the last quarter. Whittier Trust Co. increased its holdings in Gaming and Leisure Properties by 18.4% in the 2nd quarter. Whittier Trust Co. now owns 1,708 shares of the real estate investment trust’s stock worth $80,000 after buying an additional 265 shares during the period. Finally, Securian Asset Management Inc. raised its position in Gaming and Leisure Properties by 1.3% during the 3rd quarter. Securian Asset Management Inc. now owns 21,195 shares of the real estate investment trust’s stock worth $988,000 after buying an additional 265 shares during the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GLPI. Morgan Stanley increased their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 24th. UBS Group reiterated a “buy” rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 8th. Cantor Fitzgerald lowered their target price on Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Mizuho set a $50.00 target price on Gaming and Leisure Properties and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Thursday, January 22nd. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.70.

Gaming and Leisure Properties Price Performance

Shares of Gaming and Leisure Properties stock opened at $44.37 on Tuesday. The firm has a market cap of $12.56 billion, a PE ratio of 16.08, a P/E/G ratio of 2.48 and a beta of 0.67. Gaming and Leisure Properties, Inc. has a twelve month low of $41.17 and a twelve month high of $52.24. The company has a quick ratio of 13.23, a current ratio of 13.23 and a debt-to-equity ratio of 1.47. The business has a 50-day moving average price of $44.39 and a 200 day moving average price of $45.46.

Gaming and Leisure Properties Announces Dividend

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

Insider Transactions at Gaming and Leisure Properties

In related news, SVP Steven Ladany sold 13,409 shares of the business’s stock in a transaction on Wednesday, January 7th. The shares were 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. The trade was a 18.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 36,864 shares of company stock valued at $1,650,906. 4.26% of the stock is currently owned by company insiders.

Gaming and Leisure Properties Profile

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.