State Board of Administration of Florida Retirement System Boosts Holdings in Gaming and Leisure Properties, Inc. $GLPI

State Board of Administration of Florida Retirement System raised its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 234,239 shares of the real estate investment trust’s stock after acquiring an additional 3,300 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.08% of Gaming and Leisure Properties worth $10,934,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Cetera Investment Advisers grew its holdings in Gaming and Leisure Properties by 11.0% during the 1st quarter. Cetera Investment Advisers now owns 68,568 shares of the real estate investment trust’s stock valued at $3,490,000 after purchasing an additional 6,768 shares during the last quarter. Assetmark Inc. boosted its position in shares of Gaming and Leisure Properties by 49.6% during the first quarter. Assetmark Inc. now owns 989 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 328 shares during the period. LPL Financial LLC boosted its position in shares of Gaming and Leisure Properties by 7.4% during the first quarter. LPL Financial LLC now owns 199,701 shares of the real estate investment trust’s stock valued at $10,165,000 after buying an additional 13,840 shares during the period. Natixis Advisors LLC grew its stake in shares of Gaming and Leisure Properties by 16.1% during the first quarter. Natixis Advisors LLC now owns 99,011 shares of the real estate investment trust’s stock valued at $5,040,000 after buying an additional 13,751 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Gaming and Leisure Properties in the first quarter worth approximately $1,029,000. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Performance

Shares of Gaming and Leisure Properties stock opened at $43.80 on Tuesday. The firm has a market cap of $12.40 billion, a P/E ratio of 15.87, a P/E/G ratio of 9.44 and a beta of 0.68. The company has a current ratio of 13.23, a quick ratio of 13.23 and a debt-to-equity ratio of 1.47. Gaming and Leisure Properties, Inc. has a 12 month low of $42.26 and a 12 month high of $52.24. The stock’s fifty day moving average price is $44.82 and its 200-day moving average price is $46.24.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. The company had revenue of $397.61 million during the quarter, compared to analyst estimates of $399.66 million. Gaming and Leisure Properties had a net margin of 49.54% and a return on equity of 16.34%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 earnings per share. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. On average, equities research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, December 5th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 7.1%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 113.04%.

Analysts Set New Price Targets

A number of research firms recently issued reports on GLPI. Scotiabank boosted their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Wednesday, October 8th. Stifel Nicolaus lowered their target price on shares of Gaming and Leisure Properties from $49.50 to $47.50 and set a “hold” rating for the company in a research note on Friday, October 31st. Mizuho upped their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Finally, Barclays upgraded shares of Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $51.00 to $54.00 in a report on Monday, October 20th. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Gaming and Leisure Properties presently has a consensus rating of “Hold” and a consensus target price of $52.38.

Insider Buying and Selling

In related news, Director E Scott Urdang sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $45.49, for a total value of $181,960.00. Following the completion of the transaction, the director owned 129,953 shares of the company’s stock, valued at $5,911,561.97. The trade was a 2.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.26% of the stock is owned by company insiders.

About Gaming and Leisure Properties

Gaming & Leisure Properties, Inc engages in the provision of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.