Teacher Retirement System of Texas Purchases 1,621 Shares of Gaming and Leisure Properties, Inc. $GLPI

Teacher Retirement System of Texas raised its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 4.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,735 shares of the real estate investment trust’s stock after acquiring an additional 1,621 shares during the quarter. Teacher Retirement System of Texas’ holdings in Gaming and Leisure Properties were worth $1,948,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GLPI. TD Private Client Wealth LLC raised its stake in shares of Gaming and Leisure Properties by 64.2% in the first quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 213 shares during the period. Private Trust Co. NA purchased a new position in Gaming and Leisure Properties during the 1st quarter valued at approximately $28,000. V Square Quantitative Management LLC purchased a new position in shares of Gaming and Leisure Properties in the 2nd quarter worth approximately $30,000. REAP Financial Group LLC boosted its holdings in shares of Gaming and Leisure Properties by 66.0% in the 2nd quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 264 shares during the period. Finally, Wayfinding Financial LLC purchased a new position in shares of Gaming and Leisure Properties in the 1st quarter worth approximately $33,000. Institutional investors own 91.14% of the company’s stock.

Analysts Set New Price Targets

GLPI has been the subject of a number of research analyst reports. Scotiabank raised their price target on 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. Cantor Fitzgerald began coverage on Gaming and Leisure Properties in a research note on Wednesday, October 1st. They set a “neutral” rating and a $51.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research note on Wednesday, October 8th. Barclays raised Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $51.00 to $54.00 in a report on Monday, October 20th. Finally, Mizuho boosted their price target on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $52.65.

Gaming and Leisure Properties Stock Up 1.8%

NASDAQ GLPI opened at $45.47 on Tuesday. The business has a fifty day moving average price of $46.30 and a 200 day moving average price of $46.73. Gaming and Leisure Properties, Inc. has a one year low of $42.26 and a one year high of $52.27. The company has a debt-to-equity ratio of 1.47, a quick ratio of 13.23 and a current ratio of 13.23. The company has a market cap of $12.87 billion, a P/E ratio of 16.47, a P/E/G ratio of 9.71 and a beta of 0.74.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.01. The company had revenue of $397.60 million during the quarter, compared to analysts’ expectations of $399.66 million. Gaming and Leisure Properties had a return on equity of 16.34% and a net margin of 49.54%.The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.95 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. Research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a dividend of $0.78 per share. The ex-dividend date was Friday, September 12th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.9%. Gaming and Leisure Properties’s dividend payout ratio is currently 113.04%.

Gaming and Leisure Properties Company 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.