VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $41.76 Million Investment in Gaming and Leisure Properties, Inc. $GLPI

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 937,714 shares of the real estate investment trust’s stock, valued at approximately $41,756,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Colonial River Investments LLC lifted its holdings in shares of Gaming and Leisure Properties by 2.1% in the 4th quarter. Colonial River Investments LLC now owns 10,893 shares of the real estate investment trust’s stock worth $487,000 after purchasing an additional 227 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in Gaming and Leisure Properties by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 63,319 shares of the real estate investment trust’s stock valued at $2,830,000 after purchasing an additional 237 shares in the last quarter. Essential Partners LLC raised its holdings in Gaming and Leisure Properties by 38.2% during the first quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 240 shares during the last quarter. Kestra Private Wealth Services LLC lifted its stake in shares of Gaming and Leisure Properties by 0.9% in the third quarter. Kestra Private Wealth Services LLC now owns 27,307 shares of the real estate investment trust’s stock valued at $1,273,000 after buying an additional 245 shares in the last quarter. Finally, Gabelli Funds LLC lifted its stake in shares of Gaming and Leisure Properties by 0.4% in the fourth quarter. Gabelli Funds LLC now owns 64,782 shares of the real estate investment trust’s stock valued at $2,895,000 after buying an additional 250 shares in the last quarter. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Performance

Shares of GLPI opened at $41.92 on Monday. The stock has a 50 day moving average of $43.74 and a 200 day moving average of $45.83. The company has a market capitalization of $12.20 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 1.75 and a beta of 0.65. Gaming and Leisure Properties, Inc. has a 12 month low of $41.17 and a 12 month high of $49.95. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.51.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. The business had revenue of $430.52 million for the quarter, compared to analysts’ expectations of $428.51 million. Gaming and Leisure Properties had a return on equity of 19.17% and a net margin of 59.01%.The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. As a group, sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 4.03 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a dividend of $0.82 per share. The ex-dividend date is Friday, September 11th. This represents a $3.28 annualized dividend and a yield of 7.8%. Gaming and Leisure Properties’s dividend payout ratio is presently 96.19%.

Analysts Set New Price Targets

Several research firms have recently commented on GLPI. Raymond James Financial reissued an “outperform” rating and set a $47.00 target price on shares of Gaming and Leisure Properties in a research report on Thursday, August 13th. Barclays dropped their price target on shares of Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Mizuho decreased their price objective on Gaming and Leisure Properties from $53.00 to $48.00 and set an “outperform” rating for the company in a report on Wednesday, September 2nd. UBS Group set a $49.00 price objective on Gaming and Leisure Properties in a report on Thursday, June 18th. Finally, Wells Fargo & Company lowered their price objective on Gaming and Leisure Properties from $45.00 to $43.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 1st. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.27.

Insider Activity

In related news, Director Earl C. Shanks acquired 10,000 shares of the stock in a transaction on Tuesday, August 18th. The shares were acquired at an average price of $42.24 per share, with a total value of $422,400.00. Following the completion of the transaction, the director owned 107,259 shares in the company, valued at approximately $4,530,620.16. The trade was a 10.28% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director E. Urdang sold 3,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total transaction of $144,960.00. Following the completion of the transaction, the director owned 127,429 shares in the company, valued at approximately $6,157,369.28. The trade was a 2.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.11% of the stock is currently owned by corporate 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.