Louisiana State Employees Retirement System Takes $3.64 Million Position in Gaming and Leisure Properties, Inc. $GLPI

Louisiana State Employees Retirement System purchased a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 82,100 shares of the real estate investment trust’s stock, valued at approximately $3,643,000.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. purchased a new position in Gaming and Leisure Properties during the 1st quarter valued at about $40,000. OP Asset Management Ltd purchased a new stake in Gaming and Leisure Properties in the 1st quarter worth approximately $1,395,000. CENTRAL TRUST Co lifted its holdings in Gaming and Leisure Properties by 23,566.7% in the 1st quarter. CENTRAL TRUST Co now owns 1,420 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 1,414 shares during the period. SG Americas Securities LLC grew its position in shares of Gaming and Leisure Properties by 30.1% in the 1st quarter. SG Americas Securities LLC now owns 472,013 shares of the real estate investment trust’s stock worth $20,943,000 after buying an additional 109,103 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in shares of Gaming and Leisure Properties by 7.9% in the 4th quarter. Hsbc Holdings PLC now owns 710,101 shares of the real estate investment trust’s stock worth $31,770,000 after buying an additional 51,987 shares during the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Analyst Ratings Changes

GLPI has been the subject of a number of recent analyst reports. UBS Group set a $49.00 target price on Gaming and Leisure Properties in a report on Thursday, June 18th. Mizuho lifted their price target on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a report on Wednesday, March 11th. Stifel Nicolaus set a $50.00 price objective on shares of Gaming and Leisure Properties in a research report on Friday, April 24th. Weiss Ratings lowered shares of Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 17th. Finally, Barclays lifted their target price on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $52.20.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total value of $144,960.00. Following the sale, the director directly owned 127,429 shares of the company’s stock, valued at approximately $6,157,369.28. The trade was a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 4.11% of the company’s stock.

Gaming and Leisure Properties Stock Performance

Shares of GLPI stock opened at $45.88 on Friday. Gaming and Leisure Properties, Inc. has a 12 month low of $41.17 and a 12 month high of $49.95. The stock has a market cap of $13.00 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 1.98 and a beta of 0.66. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 1.62. The company’s fifty day moving average price is $46.96 and its 200-day moving average price is $46.22.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.06. Gaming and Leisure Properties had a net margin of 55.56% and a return on equity of 18.06%. The company had revenue of $419.99 million during the quarter, compared to analyst estimates of $417.15 million. During the same period last year, the business earned $0.96 EPS. Gaming and Leisure Properties’s quarterly revenue was up 6.3% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. On average, equities analysts expect that Gaming and Leisure Properties, Inc. will post 4 EPS for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were paid a dividend of $0.82 per share. The ex-dividend date was Friday, June 12th. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. This represents a $3.28 dividend on an annualized basis and a yield of 7.1%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 104.13%.

Gaming and Leisure Properties Profile

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.