Strs Ohio Takes $15.45 Million Position 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 shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Gaming and Leisure Properties by 731.7% during the first 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. Caxton Associates LLP acquired a new stake in Gaming and Leisure Properties in the first quarter valued at about $1,154,000. Everstar Asset Management LLC acquired a new stake in Gaming and Leisure Properties in the first quarter valued at about $2,602,000. Presima Securities ULC lifted its position in Gaming and Leisure Properties by 10.0% in the first quarter. Presima Securities ULC now owns 746,719 shares of the real estate investment trust's stock valued at $38,008,000 after purchasing an additional 67,632 shares during the period. Finally, UniSuper Management Pty Ltd lifted its position in Gaming and Leisure Properties by 0.4% in the first quarter. UniSuper Management Pty Ltd now owns 78,834 shares of the real estate investment trust's stock valued at $4,013,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 91.14% of the company's stock.

Insider Activity

In other news, Director E Scott Urdang sold 3,000 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $46.54, for a total transaction of $139,620.00. Following the completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

GLPI has been the subject of a number of recent analyst reports. Macquarie reduced their price objective on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an "outperform" rating for the company in a research report on Monday, July 28th. Mizuho lifted their price target on shares of 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. Barclays reduced their price target on shares of Gaming and Leisure Properties from $55.00 to $51.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 20th. Royal Bank Of Canada reduced their price target on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating for the company in a research report on Monday, July 28th. Finally, Wells Fargo & Company reduced their price target on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating for the company in a research report on Monday, June 2nd. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $52.85.

Gaming and Leisure Properties Trading Down 0.7%

GLPI stock traded down $0.35 during midday trading on Thursday, hitting $47.03. The stock had a trading volume of 742,532 shares, compared to its average volume of 1,527,501. The firm has a market cap of $13.31 billion, a PE ratio of 18.22, a price-to-earnings-growth ratio of 10.26 and a beta of 0.73. The company has a debt-to-equity ratio of 1.41, a current ratio of 7.39 and a quick ratio of 7.39. Gaming and Leisure Properties, Inc. has a 12-month low of $44.48 and a 12-month high of $52.27. The company's 50-day moving average price is $47.18 and its 200 day moving average price is $47.71.

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

Gaming and Leisure Properties Dividend Announcement

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

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.