Toronto Dominion Bank decreased its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Free Report) by 30.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 99,228 shares of the real estate investment trust’s stock after selling 43,220 shares during the period. Toronto Dominion Bank’s holdings in Gaming and Leisure Properties were worth $5,163,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Pitcairn Co. boosted its holdings in Gaming and Leisure Properties by 2.1% in the first quarter. Pitcairn Co. now owns 11,854 shares of the real estate investment trust’s stock valued at $617,000 after acquiring an additional 245 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Gaming and Leisure Properties by 0.4% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 74,337 shares of the real estate investment trust’s stock valued at $3,870,000 after acquiring an additional 260 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Gaming and Leisure Properties by 2.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,884 shares of the real estate investment trust’s stock valued at $775,000 after acquiring an additional 310 shares in the last quarter. Ranch Capital Advisors Inc. boosted its holdings in Gaming and Leisure Properties by 2.2% in the fourth quarter. Ranch Capital Advisors Inc. now owns 14,926 shares of the real estate investment trust’s stock valued at $778,000 after acquiring an additional 320 shares in the last quarter. Finally, First Republic Investment Management Inc. boosted its holdings in Gaming and Leisure Properties by 1.8% in the first quarter. First Republic Investment Management Inc. now owns 18,616 shares of the real estate investment trust’s stock valued at $874,000 after acquiring an additional 334 shares in the last quarter. Institutional investors own 89.08% of the company’s stock.
Insider Transactions at Gaming and Leisure Properties
In other Gaming and Leisure Properties news, Director Barry F. Schwartz acquired 1,500 shares of Gaming and Leisure Properties stock in a transaction that occurred on Thursday, August 17th. The stock was bought at an average cost of $45.83 per share, for a total transaction of $68,745.00. Following the acquisition, the director now owns 55,323 shares of the company’s stock, valued at $2,535,453.09. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Gaming and Leisure Properties news, Director Barry F. Schwartz acquired 1,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average cost of $47.74 per share, for a total transaction of $47,740.00. Following the acquisition, the director now owns 53,823 shares of the company’s stock, valued at $2,569,510.02. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Barry F. Schwartz acquired 1,500 shares of Gaming and Leisure Properties stock in a transaction that occurred on Thursday, August 17th. The stock was acquired at an average price of $45.83 per share, with a total value of $68,745.00. Following the completion of the acquisition, the director now directly owns 55,323 shares in the company, valued at approximately $2,535,453.09. The disclosure for this purchase can be found here. Insiders purchased a total of 3,500 shares of company stock valued at $163,835 in the last quarter. 4.40% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on GLPI
Gaming and Leisure Properties Price Performance
GLPI opened at $47.42 on Friday. The stock has a 50-day moving average price of $47.75 and a 200-day moving average price of $49.65. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market cap of $12.45 billion, a PE ratio of 16.41, a P/E/G ratio of 4.09 and a beta of 0.98. Gaming and Leisure Properties, Inc. has a 1 year low of $43.46 and a 1 year high of $55.13.
Gaming and Leisure Properties Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 6.16%. The ex-dividend date of this dividend is Thursday, September 14th. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.72. Gaming and Leisure Properties’s payout ratio is currently 99.65%.
About Gaming and Leisure Properties
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.
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