California Public Employees Retirement System Lowers Stake in Gaming and Leisure Properties, Inc. $GLPI

California Public Employees Retirement System trimmed its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 15.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 709,969 shares of the real estate investment trust’s stock after selling 132,912 shares during the quarter. California Public Employees Retirement System owned 0.25% of Gaming and Leisure Properties worth $33,141,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in Gaming and Leisure Properties during the 2nd quarter worth approximately $30,000. REAP Financial Group LLC grew its stake in Gaming and Leisure Properties by 66.0% during 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 period. Ameritas Advisory Services LLC acquired a new stake in shares of Gaming and Leisure Properties in the second quarter worth $33,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Gaming and Leisure Properties in the 2nd quarter valued at $39,000. Finally, Brooklyn Investment Group lifted its holdings in shares of Gaming and Leisure Properties by 38.8% during the 1st quarter. Brooklyn Investment Group now owns 1,059 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 296 shares in the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Gaming and Leisure Properties Stock Performance

Shares of GLPI opened at $41.89 on Thursday. The firm has a market cap of $11.86 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 8.94 and a beta of 0.68. The company has a quick ratio of 13.23, a current ratio of 13.23 and a debt-to-equity ratio of 1.47. The business’s 50 day moving average is $44.24 and its two-hundred day moving average is $46.02. Gaming and Leisure Properties, Inc. has a 52-week low of $41.17 and a 52-week high of $52.24.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. The business had revenue of $397.61 million during the quarter, compared to analyst estimates of $399.66 million. Gaming and Leisure Properties had a net margin of 49.54% and a return on equity of 16.34%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.95 earnings per share. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. Analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date is Friday, December 5th. Gaming and Leisure Properties’s dividend payout ratio is 113.04%.

Analyst Ratings Changes

Several research firms have commented on GLPI. Stifel Nicolaus cut their price objective on Gaming and Leisure Properties from $49.50 to $47.50 and set a “hold” rating on the stock in a research report on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research note on Wednesday, October 8th. Barclays reduced their price target on Gaming and Leisure Properties from $54.00 to $52.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 3rd. Mizuho upped their price target on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Finally, Scotiabank lifted their price objective on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Thursday, August 28th. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Gaming and Leisure Properties has a consensus rating of “Hold” and an average price target of $52.21.

Insider Activity

In other news, Director E Scott Urdang sold 4,000 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $45.49, for a total transaction of $181,960.00. Following the transaction, the director owned 129,953 shares of the company’s stock, valued at approximately $5,911,561.97. This trade represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.26% of the company’s stock.

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.