Strs Ohio Has $12.53 Million Stock Holdings in Gaming and Leisure Properties, Inc. $GLPI

Strs Ohio reduced its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 10.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 268,757 shares of the real estate investment trust’s stock after selling 31,716 shares during the quarter. Strs Ohio’s holdings in Gaming and Leisure Properties were worth $12,527,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GLPI. Dodge & Cox increased its position in Gaming and Leisure Properties by 0.8% during the 2nd quarter. Dodge & Cox now owns 13,618,357 shares of the real estate investment trust’s stock valued at $635,705,000 after purchasing an additional 108,748 shares during the period. Geode Capital Management LLC boosted its stake in shares of Gaming and Leisure Properties by 7.5% in the 2nd quarter. Geode Capital Management LLC now owns 6,948,979 shares of the real estate investment trust’s stock valued at $323,683,000 after purchasing an additional 483,174 shares during the last quarter. Invesco Ltd. increased its position in shares of Gaming and Leisure Properties by 3.2% during the second quarter. Invesco Ltd. now owns 4,657,406 shares of the real estate investment trust’s stock worth $217,408,000 after buying an additional 145,172 shares during the period. Jennison Associates LLC increased its position in shares of Gaming and Leisure Properties by 8.1% during the second quarter. Jennison Associates LLC now owns 4,599,033 shares of the real estate investment trust’s stock worth $214,683,000 after buying an additional 346,462 shares during the period. Finally, Norges Bank bought a new position in Gaming and Leisure Properties during the second quarter worth $175,169,000. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI opened at $45.41 on Monday. The firm has a market capitalization of $12.85 billion, a P/E ratio of 16.45, a P/E/G ratio of 2.51 and a beta of 0.67. The firm’s 50-day moving average price is $44.18 and its 200-day moving average price is $45.57. The company has a current ratio of 13.23, a quick ratio of 13.23 and a debt-to-equity ratio of 1.47. Gaming and Leisure Properties, Inc. has a 1-year low of $41.17 and a 1-year high of $52.24.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $399.66 million. During the same period in the previous year, the company posted $0.95 EPS. The firm’s revenue 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. Equities 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were issued 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 was Friday, December 5th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 113.04%.

Insiders Place Their Bets

In related news, SVP Steven Ladany sold 18,000 shares of Gaming and Leisure Properties stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $44.77, for a total value of $805,860.00. Following the completion of the sale, the senior vice president owned 65,099 shares of the company’s stock, valued at approximately $2,914,482.23. This trade represents a 21.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director E Scott Urdang sold 4,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $45.49, for a total transaction of $181,960.00. Following the sale, the director owned 129,953 shares of the company’s stock, valued at $5,911,561.97. This trade represents a 2.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 40,864 shares of company stock worth $1,832,866. 4.26% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

GLPI has been the topic of a number of research analyst reports. Barclays cut their price target on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 3rd. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $52.00 to $53.00 in a research note on Friday, December 12th. Cantor Fitzgerald cut their target price on Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Morgan Stanley lifted their target price on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 24th. Finally, Mizuho set a $50.00 price target on Gaming and Leisure Properties and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Gaming and Leisure Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.89.

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.