Ontario Teachers Pension Plan Board Makes New $3.23 Million Investment in Gaming and Leisure Properties, Inc. $GLPI

Ontario Teachers Pension Plan Board purchased a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 69,190 shares of the real estate investment trust’s stock, valued at approximately $3,225,000.

Other institutional investors have also made changes to their positions in the company. Spire Wealth Management raised its position in Gaming and Leisure Properties by 62.3% during the third quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 238 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Gaming and Leisure Properties by 89.3% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 655 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 309 shares during the last quarter. Quent Capital LLC bought a new position in shares of Gaming and Leisure Properties during the 3rd quarter valued at $31,000. Bayforest Capital Ltd lifted its stake in shares of Gaming and Leisure Properties by 412.1% in the 3rd quarter. Bayforest Capital Ltd now owns 676 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 544 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Gaming and Leisure Properties in the 2nd quarter valued at $39,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Gaming and Leisure Properties Stock Performance

GLPI opened at $46.71 on Thursday. 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 stock’s 50 day moving average price is $45.15 and its two-hundred day moving average price is $45.42. The firm has a market capitalization of $13.22 billion, a P/E ratio of 16.92, a price-to-earnings-growth ratio of 2.61 and a beta of 0.67. Gaming and Leisure Properties, Inc. has a 12-month low of $41.17 and a 12-month high of $52.24.

Gaming and Leisure Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $3.12 dividend on an annualized basis and a yield of 6.7%. Gaming and Leisure Properties’s payout ratio is 113.04%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Barclays increased their target price on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Mizuho set a $50.00 price objective on Gaming and Leisure Properties and gave the company an “outperform” rating in a report on Wednesday, December 17th. Scotiabank cut their price objective on Gaming and Leisure Properties from $50.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, February 2nd. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $52.00 to $53.00 in a research report on Friday, December 12th. Finally, Morgan Stanley increased their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday, December 24th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $51.86.

Insider Buying and Selling

In other Gaming and Leisure Properties news, SVP Steven Ladany sold 18,000 shares of the stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $44.77, for a total value of $805,860.00. Following the completion of the sale, the senior vice president directly owned 65,099 shares of the company’s stock, valued at $2,914,482.23. This represents a 21.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 36,864 shares of company stock worth $1,650,906. 4.26% of the stock is owned by corporate 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.