VIRGINIA RETIREMENT SYSTEMS ET Al Boosts Stock Position in Gaming and Leisure Properties, Inc. $GLPI

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 15.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,003,629 shares of the real estate investment trust’s stock after purchasing an additional 136,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Gaming and Leisure Properties were worth $44,852,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GLPI. First Trust Advisors LP lifted its holdings in Gaming and Leisure Properties by 78.7% in the second quarter. First Trust Advisors LP now owns 283,963 shares of the real estate investment trust’s stock worth $13,255,000 after buying an additional 125,098 shares during the period. Cerity Partners LLC lifted its holdings in Gaming and Leisure Properties by 18.6% in the second quarter. Cerity Partners LLC now owns 10,233 shares of the real estate investment trust’s stock worth $478,000 after buying an additional 1,608 shares during the period. Bank of Nova Scotia lifted its holdings in Gaming and Leisure Properties by 16.6% in the second quarter. Bank of Nova Scotia now owns 18,603 shares of the real estate investment trust’s stock worth $868,000 after buying an additional 2,646 shares during the period. AXA S.A. lifted its holdings in Gaming and Leisure Properties by 478.5% in the second quarter. AXA S.A. now owns 39,543 shares of the real estate investment trust’s stock worth $1,846,000 after buying an additional 32,708 shares during the period. Finally, Squarepoint Ops LLC lifted its holdings in Gaming and Leisure Properties by 276.2% in the second quarter. Squarepoint Ops LLC now owns 70,459 shares of the real estate investment trust’s stock worth $3,289,000 after buying an additional 51,731 shares during the period. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Desiree A. Burke sold 9,804 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $49.02, for a total transaction of $480,592.08. Following the completion of the sale, the chief financial officer owned 128,352 shares of the company’s stock, valued at $6,291,815.04. The trade was a 7.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director E Scott Urdang sold 4,000 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $47.37, for a total transaction of $189,480.00. Following the sale, the director directly owned 130,429 shares of the company’s stock, valued at approximately $6,178,421.73. The trade was a 2.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 32,178 shares of company stock valued at $1,552,938 in the last 90 days. Company insiders own 4.11% of the company’s stock.

Gaming and Leisure Properties Price Performance

Shares of GLPI opened at $47.70 on Wednesday. The company has a market capitalization of $13.52 billion, a P/E ratio of 15.14, a price-to-earnings-growth ratio of 2.08 and a beta of 0.68. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 1.62. The firm has a 50 day moving average of $47.03 and a 200 day moving average of $45.62. Gaming and Leisure Properties, Inc. has a twelve month low of $41.17 and a twelve month high of $49.95.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. Gaming and Leisure Properties had a net margin of 55.56% and a return on equity of 18.06%. The business had revenue of $419.99 million during the quarter, compared to the consensus estimate of $417.15 million. During the same quarter in the previous year, the firm posted $0.96 EPS. The firm’s revenue was up 6.3% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. As a group, equities research analysts anticipate that Gaming and Leisure Properties, Inc. will post 4 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.5%. Gaming and Leisure Properties’s payout ratio is presently 99.05%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Weiss Ratings lowered shares of Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 1st. Scotiabank raised their price objective on shares of Gaming and Leisure Properties from $50.00 to $52.00 and gave the stock a “sector perform” rating in a report on Tuesday. Barclays raised their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Mizuho raised their price objective on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. Finally, Royal Bank Of Canada raised their price objective on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $52.50.

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.