Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Holdings in Gaming and Leisure Properties, Inc. $GLPI

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 21.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 194,363 shares of the real estate investment trust’s stock after buying an additional 34,743 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Gaming and Leisure Properties were worth $8,624,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its holdings in Gaming and Leisure Properties by 1.2% during the fourth quarter. State Street Corp now owns 12,893,098 shares of the real estate investment trust’s stock worth $576,193,000 after buying an additional 147,683 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Gaming and Leisure Properties by 1.7% during the 4th quarter. Wellington Management Group LLP now owns 11,592,034 shares of the real estate investment trust’s stock worth $518,048,000 after acquiring an additional 198,582 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Gaming and Leisure Properties by 7.3% during the 4th quarter. Principal Financial Group Inc. now owns 7,764,876 shares of the real estate investment trust’s stock worth $347,012,000 after acquiring an additional 525,317 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Gaming and Leisure Properties by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 7,682,453 shares of the real estate investment trust’s stock worth $342,677,000 after acquiring an additional 258,596 shares during the period. Finally, Cohen & Steers Inc. acquired a new stake in shares of Gaming and Leisure Properties in the 4th quarter worth approximately $313,242,000. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total transaction of $144,960.00. Following the completion of the sale, the director owned 127,429 shares in the company, valued at approximately $6,157,369.28. This trade represents a 2.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.11% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on GLPI. UBS Group set a $49.00 price objective on Gaming and Leisure Properties in a research note on Thursday, June 18th. Barclays raised their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Morgan Stanley boosted their price objective on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. JPMorgan Chase & Co. lowered their price objective on shares of 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. Finally, 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. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.20.

Gaming and Leisure Properties Trading Up 2.0%

Shares of Gaming and Leisure Properties stock opened at $44.04 on Tuesday. 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 debt-to-equity ratio of 1.62, a current ratio of 6.29 and a quick ratio of 6.29. The business has a 50 day moving average price of $46.19 and a 200 day moving average price of $46.25. The company has a market capitalization of $12.48 billion, a P/E ratio of 13.98, a P/E/G ratio of 1.86 and a beta of 0.66.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $419.99 million during the quarter, compared to the consensus estimate of $417.15 million. During the same quarter last year, the business posted $0.96 earnings per share. Gaming and Leisure Properties’s revenue was up 6.3% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. Sell-side 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 business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors 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 is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. This represents a $3.28 dividend on an annualized basis and a dividend yield of 7.4%. Gaming and Leisure Properties’s dividend payout ratio is 104.13%.

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.