Texas Permanent School Fund Corp Buys 3,057 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Texas Permanent School Fund Corp boosted its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 1.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 233,690 shares of the real estate investment trust’s stock after purchasing an additional 3,057 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Gaming and Leisure Properties were worth $10,766,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new stake in shares of Gaming and Leisure Properties in the 4th quarter valued at about $30,000. EdgeRock Capital LLC purchased a new stake in shares of Gaming and Leisure Properties in the 4th quarter valued at about $33,000. MCF Advisors LLC raised its holdings in shares of Gaming and Leisure Properties by 416.7% during the 1st quarter. MCF Advisors LLC now owns 744 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 600 shares in the last quarter. Mather Group LLC. purchased a new position in shares of Gaming and Leisure Properties during the 1st quarter valued at about $42,000. Finally, Larson Financial Group LLC raised its holdings in shares of Gaming and Leisure Properties by 1,587.3% during the 1st quarter. Larson Financial Group LLC now owns 1,063 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Up 1.3 %

Shares of GLPI stock traded up $0.61 during mid-day trading on Friday, hitting $47.41. The company’s stock had a trading volume of 83,558 shares, compared to its average volume of 1,297,761. Gaming and Leisure Properties, Inc. has a 52-week low of $41.80 and a 52-week high of $50.06. The business has a 50-day moving average price of $44.52 and a 200 day moving average price of $45.24. The company has a debt-to-equity ratio of 1.49, a quick ratio of 6.47 and a current ratio of 6.47. The stock has a market cap of $12.87 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 5.31 and a beta of 0.98.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.26). The firm had revenue of $376.00 million for the quarter, compared to analysts’ expectations of $368.44 million. Gaming and Leisure Properties had a net margin of 50.05% and a return on equity of 16.79%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.92 EPS. Research analysts predict that Gaming and Leisure Properties, Inc. will post 3.65 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 6.41%. The ex-dividend date was Friday, June 7th. Gaming and Leisure Properties’s dividend payout ratio is presently 112.18%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on GLPI shares. Stifel Nicolaus raised their price target on Gaming and Leisure Properties from $50.75 to $51.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Wedbush restated an “outperform” rating and set a $51.00 price target on shares of Gaming and Leisure Properties in a research report on Friday, May 17th. Morgan Stanley restated an “overweight” rating and set a $53.00 price target on shares of Gaming and Leisure Properties in a research report on Friday, June 21st. JMP Securities restated a “market outperform” rating and set a $53.00 price target on shares of Gaming and Leisure Properties in a research report on Monday, June 17th. Finally, Scotiabank raised their price target on Gaming and Leisure Properties from $47.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Gaming and Leisure Properties has an average rating of “Moderate Buy” and a consensus target price of $50.18.

About Gaming and Leisure Properties

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.