850,229 Shares in Gaming and Leisure Properties, Inc. $GLPI Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 850,229 shares of the real estate investment trust’s stock, valued at approximately $39,689,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in GLPI. Perigon Wealth Management LLC acquired a new stake in Gaming and Leisure Properties during the 1st quarter worth approximately $217,000. Envestnet Asset Management Inc. lifted its position in shares of Gaming and Leisure Properties by 2.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 604,875 shares of the real estate investment trust’s stock worth $30,788,000 after purchasing an additional 16,617 shares during the period. Cbre Investment Management Listed Real Assets LLC lifted its position in shares of Gaming and Leisure Properties by 407.7% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 110,654 shares of the real estate investment trust’s stock worth $5,632,000 after purchasing an additional 88,858 shares during the period. Assetmark Inc. lifted its position in shares of Gaming and Leisure Properties by 49.6% in the 1st quarter. Assetmark Inc. now owns 989 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 328 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of Gaming and Leisure Properties by 210.9% in the 1st quarter. Farther Finance Advisors LLC now owns 2,083 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 1,413 shares during the period. 91.14% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total value of $139,620.00. Following the completion of the transaction, the director owned 133,953 shares of the company’s stock, valued at $6,234,172.62. The trade was a 2.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.26% of the company’s stock.

Gaming and Leisure Properties Price Performance

Shares of Gaming and Leisure Properties stock opened at $44.83 on Friday. Gaming and Leisure Properties, Inc. has a 52-week low of $44.21 and a 52-week high of $52.27. The stock has a market capitalization of $12.69 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 9.75 and a beta of 0.74. The company has a fifty day moving average of $46.76 and a 200-day moving average of $46.99. The company has a debt-to-equity ratio of 1.41, a quick ratio of 7.39 and a current ratio of 7.39.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.01). Gaming and Leisure Properties had a return on equity of 15.43% and a net margin of 46.32%.The firm had revenue of $394.90 million during the quarter, compared to the consensus estimate of $397.27 million. During the same quarter in the prior year, the business posted $0.94 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. Equities research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.12 annualized dividend and a yield of 7.0%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 120.93%.

Analyst Ratings Changes

A number of research analysts recently issued reports on GLPI shares. Scotiabank boosted their target price on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. Mizuho upped their target price on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, September 11th. Macquarie reduced their target price on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating for the company in a research note on Monday, July 28th. Cantor Fitzgerald assumed coverage on shares of Gaming and Leisure Properties in a research report on Wednesday, October 1st. They set a “neutral” rating and a $51.00 price target for the company. Finally, Stifel Nicolaus lowered shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating and set a $51.25 price target for the company. in a research report on Monday, July 21st. Five investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $52.71.

Gaming and Leisure Properties Profile

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.