Public Employees Retirement System of Ohio Purchases New Stake in Gaming and Leisure Properties, Inc. $GLPI

Public Employees Retirement System of Ohio purchased a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the second quarter, Holdings Channel reports. The firm purchased 403,876 shares of the real estate investment trust’s stock, valued at approximately $17,985,000.

A number of other large investors have also recently made changes to their positions in the business. SHP Wealth Management acquired a new position in shares of Gaming and Leisure Properties during the fourth quarter valued at about $30,000. International Assets Investment Management LLC acquired a new stake in shares of Gaming and Leisure Properties in the 4th quarter worth about $31,000. Essential Partners LLC lifted its position in Gaming and Leisure Properties by 38.2% in the 1st quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 240 shares in the last quarter. Blue Trust Inc. bought a new position in Gaming and Leisure Properties in the 1st quarter valued at about $40,000. Finally, Persistent Asset Partners Ltd acquired a new position in Gaming and Leisure Properties during the 2nd quarter valued at about $40,000. 91.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on GLPI. JPMorgan Chase & Co. lowered their price objective on Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating for the company in a research note on Tuesday, June 30th. Scotiabank lifted their target price on Gaming and Leisure Properties from $49.00 to $50.00 and gave the company a “sector perform” rating in a research report on Thursday, August 13th. Cantor Fitzgerald decreased their price target on Gaming and Leisure Properties from $52.00 to $48.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Weiss Ratings lowered Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Finally, UBS Group set a $49.00 price objective on Gaming and Leisure Properties in a research note on Thursday, June 18th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $49.91.

Gaming and Leisure Properties Stock Performance

NASDAQ GLPI opened at $42.56 on Friday. The company has a market capitalization of $12.38 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 1.78 and a beta of 0.66. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.74 and a current ratio of 4.74. Gaming and Leisure Properties, Inc. has a 52-week low of $41.17 and a 52-week high of $49.95. The company has a 50-day simple moving average of $44.03 and a 200 day simple moving average of $45.98.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The firm had revenue of $430.52 million for the quarter, compared to analysts’ expectations of $428.51 million. During the same period in the previous year, the company earned $0.96 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. On average, research analysts predict that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current year.

Insider Buying and Selling at Gaming and Leisure Properties

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

Gaming and Leisure Properties Company 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.