Toroso Investments LLC Raises Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Toroso Investments LLC boosted its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Get Rating) by 2.6% during the third quarter, HoldingsChannel.com reports. The firm owned 20,103 shares of the real estate investment trust’s stock after purchasing an additional 502 shares during the period. Toroso Investments LLC’s holdings in Gaming and Leisure Properties were worth $889,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GLPI. Dodge & Cox boosted its position in Gaming and Leisure Properties by 1,500.9% during the second quarter. Dodge & Cox now owns 6,368,169 shares of the real estate investment trust’s stock worth $292,044,000 after purchasing an additional 5,970,380 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Gaming and Leisure Properties by 5.3% during the third quarter. Vanguard Group Inc. now owns 36,132,441 shares of the real estate investment trust’s stock valued at $1,598,500,000 after acquiring an additional 1,817,088 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Gaming and Leisure Properties by 11.2% during the third quarter. BlackRock Inc. now owns 17,418,081 shares of the real estate investment trust’s stock valued at $770,577,000 after acquiring an additional 1,754,145 shares during the last quarter. FMR LLC raised its holdings in shares of Gaming and Leisure Properties by 16.6% during the second quarter. FMR LLC now owns 12,229,738 shares of the real estate investment trust’s stock valued at $560,855,000 after acquiring an additional 1,741,579 shares during the last quarter. Finally, Heitman Real Estate Securities LLC acquired a new position in shares of Gaming and Leisure Properties during the third quarter valued at approximately $58,492,000. Hedge funds and other institutional investors own 90.69% of the company’s stock.

Insider Transactions at Gaming and Leisure Properties

In related news, Director E Scott Urdang acquired 1,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Wednesday, March 1st. The shares were purchased at an average cost of $53.82 per share, for a total transaction of $53,820.00. Following the acquisition, the director now owns 150,132 shares in the company, valued at $8,080,104.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Gaming and Leisure Properties news, COO Brandon John Moore sold 3,000 shares of Gaming and Leisure Properties stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $54.00, for a total transaction of $162,000.00. Following the completion of the sale, the chief operating officer now directly owns 215,981 shares in the company, valued at $11,662,974. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director E Scott Urdang purchased 1,000 shares of the company’s stock in a transaction on Wednesday, March 1st. The shares were bought at an average price of $53.82 per share, with a total value of $53,820.00. Following the completion of the transaction, the director now owns 150,132 shares of the company’s stock, valued at $8,080,104.24. The disclosure for this purchase can be found here. Company insiders own 4.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on GLPI shares. Mizuho increased their target price on Gaming and Leisure Properties from $50.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, December 8th. Truist Financial raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and increased their target price for the company from $54.00 to $60.00 in a report on Wednesday, January 11th. JMP Securities increased their target price on Gaming and Leisure Properties from $53.00 to $57.00 and gave the company a “market outperform” rating in a report on Wednesday, December 21st. KeyCorp upped their price target on Gaming and Leisure Properties from $52.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, November 30th. Finally, StockNews.com initiated coverage on Gaming and Leisure Properties in a research report on Thursday. They issued a “buy” rating for the company. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $56.60.

Gaming and Leisure Properties Price Performance

GLPI stock opened at $49.80 on Friday. Gaming and Leisure Properties, Inc. has a 1 year low of $41.97 and a 1 year high of $55.13. The firm has a market capitalization of $13.07 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 4.59 and a beta of 0.99. The business has a 50 day simple moving average of $52.76 and a 200-day simple moving average of $50.58. The company has a debt-to-equity ratio of 1.50, a current ratio of 2.50 and a quick ratio of 2.50.

Gaming and Leisure Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Friday, March 10th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 7.79%. The ex-dividend date of this dividend is Thursday, March 9th. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.71. Gaming and Leisure Properties’s dividend payout ratio is 107.06%.

Gaming and Leisure Properties Company Profile

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Gaming & Leisure Properties, Inc is engaged in acquiring, financing, and owning real estate property to be leased to gaming operators in triple net lease arrangements. It operates through the GLP Capital and TRS Properties segments. The GLP Capital segment consists of the leased real property and represents the majority of business.