Gaming and Leisure Properties, Inc. $GLPI Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 113.4% during the first quarter, Holdings Channel reports. The firm owned 407,203 shares of the real estate investment trust’s stock after buying an additional 216,394 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Gaming and Leisure Properties were worth $18,068,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in shares of Gaming and Leisure Properties in the fourth quarter valued at $29,000. SHP Wealth Management acquired a new position in shares of Gaming and Leisure Properties during the 4th quarter worth $30,000. International Assets Investment Management LLC purchased a new stake in shares of Gaming and Leisure Properties in the 4th quarter worth about $31,000. Blue Trust Inc. purchased a new stake in shares of Gaming and Leisure Properties in the 1st quarter worth about $40,000. Finally, Monetary Solutions Ltd acquired a new stake in Gaming and Leisure Properties in the 4th quarter valued at about $53,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on GLPI. Scotiabank dropped their target price on shares of Gaming and Leisure Properties from $52.00 to $49.00 and set a “sector perform” rating for the company in a report on Thursday, June 18th. Weiss Ratings downgraded shares of Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 17th. JPMorgan Chase & Co. lowered their price target on shares of Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 30th. Wells Fargo & Company dropped their price objective on shares of Gaming and Leisure Properties from $48.00 to $45.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 15th. Finally, Barclays cut their price objective on Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and a consensus price target of $51.27.

Gaming and Leisure Properties Stock Up 1.7%

GLPI opened at $45.17 on Friday. 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 market cap of $12.80 billion, a P/E ratio of 14.34, a PEG ratio of 2.00 and a beta of 0.66. Gaming and Leisure Properties, Inc. has a 52 week low of $41.17 and a 52 week high of $49.95. The business’s fifty day simple moving average is $45.67 and its 200 day simple moving average is $46.24.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data 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 return on equity of 18.06% and a net margin of 55.56%.The firm had revenue of $419.99 million during the quarter, compared to analysts’ expectations of $417.15 million. During the same quarter last year, the business posted $0.96 EPS. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Gaming and Leisure Properties, Inc. will post 4.01 EPS for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $3.28 annualized dividend and a dividend yield of 7.3%. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. Gaming and Leisure Properties’s dividend payout ratio is 104.13%.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the business’s 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 completion of the transaction, the director owned 127,429 shares of the company’s stock, valued at $6,157,369.28. The trade was a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.11% of the stock is currently owned by company insiders.

Gaming and Leisure Properties 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.