The super-Earth GJ1214b transits a nearby M dwarf that exhibits 1% intrinsic variability in the near-infrared. Here, we analyze new observations to refine the physical properties of both the star and planet. We present three years of out-of-transit photometric monitoring of the stellar host GJ1214 from the MEarth Observatory and find the rotation period to be long, mostly likely an integer multiple of 53 days, suggesting low levels of magnetic activity and an old age for the system. We show such variability will not pose significant problems to ongoing studies of the planet's atmosphere with transmission spectroscopy. We analyze 2 high-precision transit light curves from ESO's Very Large Telescope along with 7 others from the MEarth and FLWO 1.2 meter telescopes, finding physical parameters for the planet that are consistent with previous work. The VLT light curves show tentative evidence for spot occultations during transit. Using two years of MEarth light curves, we place limits on additional transiting planets around GJ1214 with periods out to the habitable zone of the system. We also improve upon the previous photographic V -band estimate for the star, finding V = 14.71 \pm 0.03.