Gaming and Leisure Properties, Inc. $GLPI Shares Sold by State of New Jersey Common Pension Fund D

Key Points

• The State of New Jersey Common Pension Fund D reduced its holdings in Gaming and Leisure Properties, Inc. by 5.8% during Q1, ending with approximately $13.70 million in investments.
• Invesco Ltd. significantly increased its stake in the company by 127.7%, while other large investors like Northern Trust Corp and Charles Schwab also raised their holdings during the same period.
• Gaming and Leisure Properties reported earnings of $0.96 per share for the last quarter, slightly missing analyst estimates, though revenue increased by 3.8% year-over-year to $394.90 million.

State of New Jersey Common Pension Fund D lessened its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 5.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 269,207 shares of the real estate investment trust's stock after selling 16,595 shares during the period. State of New Jersey Common Pension Fund D owned about 0.10% of Gaming and Leisure Properties worth $13,703,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management acquired a new position in shares of Gaming and Leisure Properties in the 1st quarter valued at $26,000. TD Private Client Wealth LLC grew its position in shares of Gaming and Leisure Properties by 64.2% in the 1st quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 213 shares during the last quarter. Private Trust Co. NA purchased a new position in shares of Gaming and Leisure Properties in the 1st quarter valued at $28,000. Cullen Frost Bankers Inc. grew its position in shares of Gaming and Leisure Properties by 1,872.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 651 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 618 shares during the last quarter. Finally, Wayfinding Financial LLC purchased a new position in shares of Gaming and Leisure Properties in the 1st quarter valued at $33,000. Institutional investors and hedge funds own 91.14% of the company's stock.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ:GLPI traded down $0.08 during midday trading on Thursday, hitting $47.39. The stock had a trading volume of 1,333,717 shares, compared to its average volume of 1,470,962. The company has a market capitalization of $13.41 billion, a PE ratio of 18.37, a P/E/G ratio of 10.22 and a beta of 0.71. The stock has a 50 day moving average price of $46.82 and a two-hundred day moving average price of $47.87. The company has a current ratio of 7.39, a quick ratio of 7.39 and a debt-to-equity ratio of 1.41. Gaming and Leisure Properties, Inc. has a 1 year low of $44.48 and a 1 year high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.01). Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The firm had revenue of $394.90 million during the quarter, compared to analysts' expectations of $397.27 million. During the same period in the previous year, the firm earned $0.94 EPS. The firm's revenue was up 3.8% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. As a group, equities analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Scotiabank dropped their target price on shares of Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating on the stock in a research report on Monday, May 12th. Mizuho dropped their target price on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating on the stock in a research report on Monday, June 16th. Wedbush set a $55.00 target price on shares of Gaming and Leisure Properties in a research report on Monday, April 28th. Barclays dropped their target price on shares of Gaming and Leisure Properties from $55.00 to $51.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Finally, Royal Bank Of Canada dropped their target price on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating on the stock in a research report on Monday, July 28th. Six research 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 an average rating of "Moderate Buy" and an average target price of $52.87.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of Gaming and Leisure Properties stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $46.58, for a total transaction of $186,320.00. Following the completion of the transaction, the director owned 136,953 shares in the company, valued at approximately $6,379,270.74. The trade was a 2.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.26% of the company's stock.

Gaming and Leisure Properties Profile

Gaming & Leisure Properties, Inc engages in the provision of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.