Strs Ohio Invests $15.45 Million in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Strs Ohio has acquired 303,463 shares of Gaming and Leisure Properties, Inc. ($GLPI), valued at approximately $15.4 million, increasing its stake to 0.11% of the company.
• In the first quarter, hedge funds and institutional investors collectively own 91.14% of Gaming and Leisure Properties' stock, indicating strong institutional interest.
• Gaming and Leisure Properties recently announced a quarterly dividend of $0.78 per share, with a dividend yield of 6.5%, reflecting a dividend payout ratio of 120.93%.

Strs Ohio purchased a new position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 303,463 shares of the real estate investment trust's stock, valued at approximately $15,446,000. Strs Ohio owned about 0.11% of Gaming and Leisure Properties at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of GLPI. Nuveen LLC purchased a new position in shares of Gaming and Leisure Properties in the 1st quarter worth $151,723,000. Invesco Ltd. boosted its stake in shares of Gaming and Leisure Properties by 127.7% in the 1st quarter. Invesco Ltd. now owns 4,512,234 shares of the real estate investment trust's stock worth $229,673,000 after buying an additional 2,530,463 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Gaming and Leisure Properties by 731.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,212,612 shares of the real estate investment trust's stock worth $112,622,000 after buying an additional 1,946,575 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Gaming and Leisure Properties by 294.6% in the 1st quarter. Millennium Management LLC now owns 966,925 shares of the real estate investment trust's stock worth $49,216,000 after buying an additional 721,861 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Gaming and Leisure Properties by 3.1% in the 1st quarter. Wellington Management Group LLP now owns 11,556,825 shares of the real estate investment trust's stock worth $588,242,000 after buying an additional 349,065 shares during the last quarter. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total transaction of $139,620.00. Following the sale, the director directly owned 133,953 shares of the company's stock, valued at $6,234,172.62. The trade was a 2.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.26% of the stock is owned by insiders.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI traded down $0.64 during mid-day trading on Tuesday, reaching $47.18. The stock had a trading volume of 1,520,035 shares, compared to its average volume of 1,530,222. The business's 50 day moving average price is $47.19 and its 200 day moving average price is $47.71. Gaming and Leisure Properties, Inc. has a 1 year low of $44.48 and a 1 year high of $52.27. The company has a market cap of $13.35 billion, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 10.45 and a beta of 0.73. 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 (NASDAQ:GLPI - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($0.01). The firm had revenue of $394.90 million during the quarter, compared to the consensus estimate of $397.27 million. Gaming and Leisure Properties had a return on equity of 15.43% and a net margin of 46.32%.The business's revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.94 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. Research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Friday, September 12th. Gaming and Leisure Properties's dividend payout ratio is 120.93%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on GLPI shares. Barclays lowered their target price on 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, August 20th. Mizuho lifted their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a "neutral" rating in a research report on Thursday, September 11th. Macquarie lowered their target price on Gaming and Leisure Properties from $60.00 to $59.00 and set an "outperform" rating on the stock in a research report on Monday, July 28th. Stifel Nicolaus downgraded Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 target price on the stock. in a research report on Monday, July 21st. Finally, Wells Fargo & Company lowered their target price on Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating on the stock in a research report on Monday, June 2nd. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $52.85.

About Gaming and Leisure Properties

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.