Toronto Dominion Bank Raises Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Toronto Dominion Bank raised its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 29.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,964 shares of the real estate investment trust’s stock after purchasing an additional 8,164 shares during the quarter. Toronto Dominion Bank’s holdings in Gaming and Leisure Properties were worth $1,850,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of GLPI. Segall Bryant & Hamill LLC purchased a new position in Gaming and Leisure Properties during the 3rd quarter worth approximately $693,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Gaming and Leisure Properties by 63.1% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 51,991 shares of the real estate investment trust’s stock worth $2,351,000 after purchasing an additional 20,111 shares during the last quarter. Sei Investments Co. lifted its position in Gaming and Leisure Properties by 11.4% during the second quarter. Sei Investments Co. now owns 539,593 shares of the real estate investment trust’s stock valued at $24,395,000 after purchasing an additional 55,385 shares during the period. Zacks Investment Management boosted its holdings in Gaming and Leisure Properties by 10.9% in the third quarter. Zacks Investment Management now owns 522,197 shares of the real estate investment trust’s stock valued at $26,867,000 after purchasing an additional 51,398 shares during the last quarter. Finally, Cerity Partners LLC grew its position in Gaming and Leisure Properties by 87.5% during the 3rd quarter. Cerity Partners LLC now owns 14,410 shares of the real estate investment trust’s stock worth $741,000 after purchasing an additional 6,724 shares during the period. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $50.39, for a total value of $151,170.00. Following the transaction, the director now directly owns 146,800 shares of the company’s stock, valued at approximately $7,397,252. This trade represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 4.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

GLPI has been the subject of several analyst reports. Wells Fargo & Company reissued an “equal weight” rating and issued a $52.00 price objective (up previously from $51.00) on shares of Gaming and Leisure Properties in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and boosted their price target for the company from $49.00 to $54.00 in a report on Wednesday, November 20th. Mizuho dropped their price objective on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. JMP Securities reiterated a “market outperform” rating and issued a $55.00 target price on shares of Gaming and Leisure Properties in a research note on Tuesday, October 29th. Finally, Wolfe Research upgraded shares of Gaming and Leisure Properties from a “peer perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a research report on Friday, August 23rd. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $53.96.

Gaming and Leisure Properties Stock Up 1.0 %

GLPI opened at $50.09 on Monday. The company has a market cap of $13.74 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 2.10 and a beta of 0.98. Gaming and Leisure Properties, Inc. has a twelve month low of $41.80 and a twelve month high of $52.60. The company has a 50-day moving average price of $50.49 and a 200 day moving average price of $49.07. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.67 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.25). The firm had revenue of $385.34 million for the quarter, compared to analysts’ expectations of $385.09 million. Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. Gaming and Leisure Properties’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 earnings per share. Sell-side analysts expect that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a $0.76 dividend. The ex-dividend date is Friday, December 6th. This represents a $3.04 dividend on an annualized basis and a yield of 6.07%. Gaming and Leisure Properties’s payout ratio is currently 106.29%.

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.