National Pension Service Increases Stock Holdings in Gaming and Leisure Properties, Inc. $GLPI
by Scott Moore · The Cerbat GemNational Pension Service raised its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Free Report) by 75.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,812 shares of the real estate investment trust’s stock after purchasing an additional 17,097 shares during the quarter. National Pension Service’s holdings in Gaming and Leisure Properties were worth $1,773,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of GLPI. Lasalle Investment Management Securities LLC increased its stake in shares of Gaming and Leisure Properties by 17.0% during the second quarter. Lasalle Investment Management Securities LLC now owns 2,309,247 shares of the real estate investment trust’s stock worth $102,831,000 after acquiring an additional 334,933 shares during the period. Empowered Funds LLC acquired a new stake in Gaming and Leisure Properties in the first quarter valued at about $1,219,000. GSA Capital Partners LLP lifted its position in Gaming and Leisure Properties by 233.4% in the fourth quarter. GSA Capital Partners LLP now owns 35,715 shares of the real estate investment trust’s stock valued at $1,596,000 after purchasing an additional 25,002 shares during the period. New Age Alpha Advisors LLC boosted its holdings in Gaming and Leisure Properties by 178.0% in the 4th quarter. New Age Alpha Advisors LLC now owns 71,844 shares of the real estate investment trust’s stock valued at $3,211,000 after purchasing an additional 46,005 shares in the last quarter. Finally, OneDigital Investment Advisors LLC purchased a new stake in Gaming and Leisure Properties in the 2nd quarter valued at approximately $4,684,000. Institutional investors and hedge funds own 91.14% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on GLPI. Barclays dropped their target price on Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Cantor Fitzgerald decreased their price target on Gaming and Leisure Properties from $52.00 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. JPMorgan Chase & Co. dropped their price objective on Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating on the stock in a report on Tuesday, June 30th. Morgan Stanley increased their price objective on Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Finally, Mizuho reduced their target price on Gaming and Leisure Properties from $53.00 to $48.00 and set an “outperform” rating for the company in a report on Wednesday, September 2nd. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and an average target price of $49.27.
Get Our Latest Report on Gaming and Leisure Properties
Gaming and Leisure Properties Stock Performance
Shares of GLPI opened at $40.24 on Monday. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.51. The firm’s 50-day moving average is $43.42 and its two-hundred day moving average is $45.62. Gaming and Leisure Properties, Inc. has a twelve month low of $40.01 and a twelve month high of $49.95. The firm has a market capitalization of $11.71 billion, a P/E ratio of 11.80, a PEG ratio of 1.68 and a beta of 0.65.
Gaming and Leisure Properties (NASDAQ:GLPI – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.80. The company had revenue of $430.52 million during the quarter, compared to the consensus estimate of $428.51 million. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the firm earned $0.96 EPS. 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 earnings per share for the current fiscal year.
Gaming and Leisure Properties Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend is Friday, September 11th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 96.19%.
Insider Transactions at Gaming and Leisure Properties
In other news, Director Earl C. Shanks acquired 10,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Tuesday, August 18th. The stock was purchased at an average cost of $42.24 per share, with a total value of $422,400.00. Following the completion of the acquisition, the director owned 107,259 shares in the company, valued at $4,530,620.16. This trade represents a 10.28% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 4.11% of the company’s stock.
Gaming and Leisure Properties Profile
Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust that owns, acquires and leases gaming-related properties. Its portfolio primarily consists of casinos and other properties used for gaming, entertainment and hospitality activities.
GLPI generally leases its properties to gaming operators under long-term, triple-net lease agreements. Under these arrangements, tenants typically operate the properties and are responsible for expenses such as maintenance, insurance and property taxes, while GLPI focuses on owning and managing the underlying real estate.
The company was established in 2013 through the spin-off of gaming properties from Penn National Gaming, now known as PENN Entertainment.
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