VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 937,714 Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Virginia Retirement Systems acquired 937,714 shares of Gaming and Leisure Properties, valued at approximately $41.8 million, giving it a 0.32% stake. Institutional investors collectively own 91.14% of the REIT.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $49.27, compared with the stock’s recent price near $41.92.
• GLPI reported quarterly revenue of $430.5 million and EPS of $0.80, while declaring a quarterly dividend of $0.82, equivalent to a 7.8% annualized yield.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 937,714 shares of the real estate investment trust's stock, valued at approximately $41,756,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.32% of Gaming and Leisure Properties as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of GLPI. California State Teachers Retirement System increased its holdings in Gaming and Leisure Properties by 2,755.7% in the second quarter. California State Teachers Retirement System now owns 18,121,617 shares of the real estate investment trust's stock valued at $806,956,000 after purchasing an additional 17,487,046 shares during the period. HB Wealth Management LLC lifted its holdings in Gaming and Leisure Properties by 3.3% during the 2nd quarter. HB Wealth Management LLC now owns 17,209 shares of the real estate investment trust's stock worth $766,000 after buying an additional 553 shares during the period. Compass Financial Management LLC acquired a new position in Gaming and Leisure Properties during the 2nd quarter worth about $61,000. AlphaGrep UK Ltd grew its position in shares of Gaming and Leisure Properties by 24.9% in the 2nd quarter. AlphaGrep UK Ltd now owns 15,554 shares of the real estate investment trust's stock valued at $693,000 after buying an additional 3,101 shares during the last quarter. Finally, Markowski Investments bought a new stake in shares of Gaming and Leisure Properties in the 2nd quarter valued at about $35,000. Institutional investors and hedge funds own 91.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GLPI shares. Barclays decreased their price target on Gaming and Leisure Properties from $53.00 to $50.00 and set an "overweight" rating for the company in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. reduced their target price on Gaming and Leisure Properties from $53.00 to $51.00 and set an "overweight" rating on the stock in a report on Tuesday, June 30th. Raymond James Financial reissued an "outperform" rating and set a $47.00 target price on shares of Gaming and Leisure Properties in a research report on Thursday, August 13th. Morgan Stanley raised their price target on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock an "equal weight" rating in a report on Monday, July 6th. Finally, Royal Bank Of Canada dropped their price target on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an "outperform" rating on the stock in a research report on Monday, August 3rd. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.27.

Gaming and Leisure Properties Stock Performance

Shares of Gaming and Leisure Properties stock opened at $41.92 on Monday. The business has a 50-day moving average price of $43.74 and a two-hundred day moving average price of $45.83. Gaming and Leisure Properties, Inc. has a 1-year low of $41.17 and a 1-year high of $49.95. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.51. The company has a market cap of $12.20 billion, a P/E ratio of 12.29, a PEG ratio of 1.75 and a beta of 0.65.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.80. Gaming and Leisure Properties had a return on equity of 19.17% and a net margin of 59.01%.The company had revenue of $430.52 million for the quarter, compared to the consensus estimate of $428.51 million. During the same period in the previous year, the business earned $0.96 EPS. The firm's revenue was up 9.0% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. As a group, analysts anticipate that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $3.28 annualized dividend and a yield of 7.8%. Gaming and Leisure Properties's payout ratio is 96.19%.

Insider Activity at Gaming and Leisure Properties

In other news, Director E. Urdang sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total transaction of $144,960.00. Following the completion of the sale, the director owned 127,429 shares of the company's stock, valued at $6,157,369.28. This trade represents a 2.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Earl C. Shanks acquired 10,000 shares of the stock in a transaction dated Tuesday, August 18th. The stock was bought at an average price of $42.24 per share, with a total value of $422,400.00. Following the purchase, the director directly owned 107,259 shares in the company, valued at $4,530,620.16. This represents a 10.28% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 4.11% of the stock is currently owned by insiders.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc NASDAQ: GLPI is a real estate investment trust (REIT) specializing in the ownership and management of gaming and entertainment properties. Established in 2013 as a spin-off from Penn National Gaming, the company was designed to acquire and hold real estate assets associated with casinos, racetracks and other gaming facilities, while leasing those assets back to operating partners under long-term, triple-net lease agreements.

The company's core activities involve identifying attractive gaming real estate, structuring lease agreements that align tenant incentives with property performance, and actively managing its portfolio to enhance asset value.

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