Gaming and Leisure Properties, Inc. $GLPI Shares Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 867,229 shares of the real estate investment trust’s stock after buying an additional 17,000 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.31% of Gaming and Leisure Properties worth $40,422,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in shares of Gaming and Leisure Properties in the 2nd quarter valued at about $30,000. REAP Financial Group LLC increased its position in Gaming and Leisure Properties by 66.0% during the 2nd quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 264 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in Gaming and Leisure Properties in the second quarter valued at approximately $33,000. Elevation Point Wealth Partners LLC acquired a new position in Gaming and Leisure Properties during the second quarter valued at approximately $39,000. Finally, Bay Harbor Wealth Management LLC lifted its position in Gaming and Leisure Properties by 45.4% during the second quarter. Bay Harbor Wealth Management LLC now owns 1,207 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 377 shares in the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Analyst Ratings Changes

GLPI has been the subject of several recent research reports. Morgan Stanley increased their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 24th. Stifel Nicolaus set a $47.75 price target on Gaming and Leisure Properties in a report on Monday, December 15th. Mizuho set a $50.00 price objective on Gaming and Leisure Properties and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Cantor Fitzgerald reduced their price objective on Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Finally, Barclays lowered their target price on Gaming and Leisure Properties from $54.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Gaming and Leisure Properties currently has a consensus rating of “Hold” and a consensus price target of $51.89.

Insider Activity

In other news, Director E Scott Urdang sold 4,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $45.49, for a total transaction of $181,960.00. Following the completion of the transaction, the director directly owned 129,953 shares in the company, valued at approximately $5,911,561.97. This represents a 2.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.26% of the stock is currently owned by insiders.

Gaming and Leisure Properties Stock Performance

Shares of GLPI stock opened at $45.05 on Wednesday. The company has a debt-to-equity ratio of 1.47, a current ratio of 13.23 and a quick ratio of 13.23. The company’s fifty day moving average price is $44.02 and its two-hundred day moving average price is $45.81. The firm has a market capitalization of $12.75 billion, a P/E ratio of 16.32 and a beta of 0.68. Gaming and Leisure Properties, Inc. has a 12 month low of $41.17 and a 12 month high of $52.24.

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

Gaming and Leisure Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend was Friday, December 5th. Gaming and Leisure Properties’s dividend payout ratio is presently 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.