Gaming and Leisure Properties, Inc. $GLPI Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 152.1% during the third quarter, HoldingsChannel.com reports. The firm owned 105,208 shares of the real estate investment trust’s stock after purchasing an additional 63,473 shares during the period. Teacher Retirement System of Texas’ holdings in Gaming and Leisure Properties were worth $4,904,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Park Avenue Securities LLC purchased a new stake in Gaming and Leisure Properties during the second quarter worth $483,000. Fifth Third Bancorp raised its stake in Gaming and Leisure Properties by 5.4% in the 2nd quarter. Fifth Third Bancorp now owns 9,600 shares of the real estate investment trust’s stock valued at $448,000 after purchasing an additional 489 shares during the last quarter. Ballentine Partners LLC acquired a new position in shares of Gaming and Leisure Properties in the second quarter valued at approximately $240,000. Public Employees Retirement System of Ohio raised its holdings in Gaming and Leisure Properties by 2.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 88,296 shares of the real estate investment trust’s stock valued at $4,122,000 after acquiring an additional 1,743 shares during the last quarter. Finally, Signaturefd LLC grew its position in shares of Gaming and Leisure Properties by 18.8% in the second quarter. Signaturefd LLC now owns 4,149 shares of the real estate investment trust’s stock valued at $194,000 after purchasing an additional 656 shares during the period. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Insiders Place Their Bets

In related news, Director E Scott Urdang sold 4,000 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $45.49, for a total value of $181,960.00. Following the transaction, the director owned 129,953 shares in the company, valued at approximately $5,911,561.97. The trade was a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Steven Ladany sold 18,000 shares of the stock in a transaction dated 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 transaction, 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 40,864 shares of company stock worth $1,832,866 in the last quarter. 4.26% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on GLPI shares. Barclays dropped their price target on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “overweight” rating for the company in a research report on Wednesday, December 3rd. Cantor Fitzgerald dropped their price target on Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $52.00 to $53.00 in a research note on Friday, December 12th. UBS Group reiterated a “buy” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 8th. Finally, Stifel Nicolaus set a $47.75 target price on shares of Gaming and Leisure Properties in a research report on Monday, December 15th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $51.89.

Gaming and Leisure Properties Stock Up 0.6%

NASDAQ GLPI opened at $45.60 on Wednesday. The stock has a market cap of $12.91 billion, a PE ratio of 16.52, a P/E/G ratio of 2.51 and a beta of 0.67. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.17 and a fifty-two week high of $52.24. The business has a 50 day moving average price of $44.24 and a two-hundred day moving average price of $45.54. The company has a quick ratio of 13.23, a current ratio of 13.23 and a debt-to-equity ratio of 1.47.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. Gaming and Leisure Properties had a net margin of 49.54% and a return on equity of 16.34%. The company had revenue of $397.61 million for the quarter, compared to analyst estimates of $399.66 million. During the same quarter last year, the firm posted $0.95 earnings per share. The business’s quarterly revenue was up 3.2% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. As a group, sell-side analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were issued a $0.78 dividend. The ex-dividend date was Friday, December 5th. This represents a $3.12 dividend on an annualized basis and a yield of 6.8%. Gaming and Leisure Properties’s payout ratio is currently 113.04%.

Gaming and Leisure Properties Company 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.