Strs Ohio Sells 25,910 Shares of Gaming and Leisure Properties, Inc. $GLPI

Strs Ohio decreased its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 10.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 224,959 shares of the real estate investment trust’s stock after selling 25,910 shares during the period. Strs Ohio’s holdings in Gaming and Leisure Properties were worth $9,981,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLPI. V Square Quantitative Management LLC acquired a new position in Gaming and Leisure Properties during the 4th quarter valued at about $29,000. SHP Wealth Management acquired a new stake in shares of Gaming and Leisure Properties during the 4th quarter worth approximately $30,000. International Assets Investment Management LLC bought a new stake in shares of Gaming and Leisure Properties during the fourth quarter worth approximately $31,000. True Wealth Design LLC raised its stake in shares of Gaming and Leisure Properties by 238.3% during the fourth quarter. True Wealth Design LLC now owns 866 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 610 shares during the last quarter. Finally, Blue Trust Inc. acquired a new position in Gaming and Leisure Properties in the first quarter valued at approximately $40,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total value of $144,960.00. Following the transaction, the director owned 127,429 shares of the company’s stock, valued at approximately $6,157,369.28. The trade was a 2.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 4.11% of the company’s stock.

Gaming and Leisure Properties Stock Performance

GLPI stock opened at $43.95 on Monday. Gaming and Leisure Properties, Inc. has a 1-year low of $41.17 and a 1-year high of $49.95. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 1.62. The firm has a market cap of $12.46 billion, a PE ratio of 13.95, a P/E/G ratio of 1.89 and a beta of 0.66. The business’s 50-day moving average price is $46.69 and its two-hundred day moving average price is $46.32.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.06. The company had revenue of $419.99 million during the quarter, compared to the consensus estimate of $417.15 million. Gaming and Leisure Properties had a return on equity of 18.06% and a net margin of 55.56%.The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. As a group, research analysts forecast that Gaming and Leisure Properties, Inc. will post 4.01 earnings per share for the current year.

Gaming and Leisure Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a dividend of $0.82 per share. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. The ex-dividend date was Friday, June 12th. This represents a $3.28 annualized dividend and a yield of 7.5%. Gaming and Leisure Properties’s dividend payout ratio is 104.13%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on GLPI shares. Weiss Ratings cut shares of Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. JPMorgan Chase & Co. cut their price target on Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 30th. Stifel Nicolaus set a $50.00 price target on Gaming and Leisure Properties in a research report on Friday, April 24th. Barclays lifted their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Finally, UBS Group set a $49.00 price objective on Gaming and Leisure Properties in a report on Thursday, June 18th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Gaming and Leisure Properties has an average rating of “Moderate Buy” and a consensus target price of $52.00.

About Gaming and Leisure Properties

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.