Teacher Retirement System of Texas Makes New $2.04 Million Investment in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Teacher Retirement System of Texas purchased a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 40,114 shares of the real estate investment trust's stock, valued at approximately $2,042,000.

A number of other large investors have also recently modified their holdings of the company. Pure Financial Advisors LLC raised its position in shares of Gaming and Leisure Properties by 2.6% in the 1st quarter. Pure Financial Advisors LLC now owns 8,676 shares of the real estate investment trust's stock worth $442,000 after acquiring an additional 221 shares in the last quarter. Freedom Investment Management Inc. raised its position in shares of Gaming and Leisure Properties by 3.8% in the 4th quarter. Freedom Investment Management Inc. now owns 6,063 shares of the real estate investment trust's stock worth $292,000 after acquiring an additional 222 shares in the last quarter. Seeds Investor LLC raised its position in shares of Gaming and Leisure Properties by 3.6% in the 4th quarter. Seeds Investor LLC now owns 7,350 shares of the real estate investment trust's stock worth $354,000 after acquiring an additional 254 shares in the last quarter. EP Wealth Advisors LLC raised its position in shares of Gaming and Leisure Properties by 0.8% in the 4th quarter. EP Wealth Advisors LLC now owns 40,993 shares of the real estate investment trust's stock worth $1,974,000 after acquiring an additional 307 shares in the last quarter. Finally, Corient Private Wealth LLC raised its position in shares of Gaming and Leisure Properties by 2.0% in the 4th quarter. Corient Private Wealth LLC now owns 16,921 shares of the real estate investment trust's stock worth $815,000 after acquiring an additional 331 shares in the last quarter. Hedge funds and other institutional investors own 91.14% of the company's stock.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 4,000 shares of the company's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $46.58, for a total value of $186,320.00. Following the sale, the director owned 136,953 shares in the company, valued at $6,379,270.74. This represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.26% of the stock is owned by insiders.

Gaming and Leisure Properties Stock Performance

Shares of GLPI stock traded up $0.27 during mid-day trading on Monday, reaching $48.07. The stock had a trading volume of 1,194,678 shares, compared to its average volume of 1,349,605. The business's fifty day moving average is $46.81 and its 200-day moving average is $48.10. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 1.51. The firm has a market cap of $13.21 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 3.31 and a beta of 0.72. 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, April 24th. The real estate investment trust reported $0.96 EPS for the quarter, hitting analysts' consensus estimates of $0.96. Gaming and Leisure Properties had a return on equity of 17.02% and a net margin of 50.41%. The firm had revenue of $395.24 million for the quarter, compared to the consensus estimate of $396.27 million. During the same quarter in the prior year, the business earned $0.92 earnings per share. The company's revenue was up 5.1% compared to the same quarter last year. On average, research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a $0.78 dividend. This is an increase from Gaming and Leisure Properties's previous quarterly dividend of $0.76. The ex-dividend date was Friday, June 13th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.49%. Gaming and Leisure Properties's dividend payout ratio is presently 111.03%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on GLPI shares. Barclays boosted their price target on Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 22nd. Mizuho reduced their target price on 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. Macquarie reaffirmed an "outperform" rating and set a $60.00 target price on shares of Gaming and Leisure Properties in a research report on Friday, April 25th. Royal Bank Of Canada reduced their target price on Gaming and Leisure Properties from $56.00 to $54.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Finally, Wells Fargo & Company reduced 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. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Gaming and Leisure Properties presently has an average rating of "Moderate Buy" and an average price target of $54.17.

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.