VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 850,229 Gaming and Leisure Properties, Inc. $GLPI

Key Points

• The Virginia Retirement Systems acquired 850,229 shares of Gaming and Leisure Properties, Inc. (GLPI), valued at approximately $39.7 million, increasing its stake to 0.31%.
• Several research firms have adjusted their price targets for GLPI, with Barclays lowering its target from $55 to $51 and Stifel Nicolaus downgrading its rating from "buy" to "hold."
• Gaming and Leisure Properties reported a quarterly EPS of $0.96, which missed estimates, while announcing a quarterly dividend of $0.78 per share with a yield of 7.0%.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 850,229 shares of the real estate investment trust's stock, valued at approximately $39,689,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.31% of Gaming and Leisure Properties at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in GLPI. Alpine Bank Wealth Management acquired a new position in shares of Gaming and Leisure Properties during the first quarter valued at approximately $26,000. Private Trust Co. NA acquired a new position in shares of Gaming and Leisure Properties during the first quarter valued at approximately $28,000. TD Private Client Wealth LLC increased its stake in shares of Gaming and Leisure Properties by 64.2% during the first quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 213 shares during the period. V Square Quantitative Management LLC acquired a new position in Gaming and Leisure Properties in the second quarter worth approximately $30,000. Finally, REAP Financial Group LLC grew its position in Gaming and Leisure Properties by 66.0% in the second quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust's stock worth $31,000 after buying an additional 264 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on GLPI. Weiss Ratings restated a "hold (c)" rating on shares of Gaming and Leisure Properties in a research report on Wednesday, October 8th. Barclays decreased their price objective 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 note on Wednesday, August 20th. Stifel Nicolaus lowered shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 price objective for the company. in a research note on Monday, July 21st. Scotiabank raised their price objective on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 28th. Finally, Macquarie decreased 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 note on Monday, July 28th. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $52.71.

Gaming and Leisure Properties Stock Performance

Shares of GLPI opened at $44.83 on Friday. The company's fifty day moving average price is $46.76 and its 200 day moving average price is $46.99. Gaming and Leisure Properties, Inc. has a one year low of $44.21 and a one year high of $52.27. The company has a debt-to-equity ratio of 1.41, a current ratio of 7.39 and a quick ratio of 7.39. The company has a market capitalization of $12.69 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 9.75 and a beta of 0.74.

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). The business had revenue of $394.90 million for the quarter, compared to analyst estimates of $397.27 million. Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. Gaming and Leisure Properties's revenue was up 3.8% on a year-over-year basis. During the same quarter last 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. As a group, analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend was Friday, September 12th. Gaming and Leisure Properties's dividend payout ratio is presently 120.93%.

Insider Buying and Selling

In other news, Director E Scott Urdang sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $46.54, for a total value of $139,620.00. Following the completion of the transaction, the director owned 133,953 shares in the company, valued at $6,234,172.62. This represents a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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.

Want to see what other hedge funds are holding GLPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.