TD Asset Management Inc Boosts Position in Gaming and Leisure Properties, Inc. $GLPI

TD Asset Management Inc increased its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 11.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 115,545 shares of the real estate investment trust’s stock after buying an additional 11,878 shares during the quarter. TD Asset Management Inc’s holdings in Gaming and Leisure Properties were worth $5,386,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Gaming and Leisure Properties by 2.4% in the third quarter. Vanguard Group Inc. now owns 37,905,759 shares of the real estate investment trust’s stock valued at $1,766,787,000 after purchasing an additional 899,273 shares during the period. Dodge & Cox grew its holdings in shares of Gaming and Leisure Properties by 0.8% in the second quarter. Dodge & Cox now owns 13,618,357 shares of the real estate investment trust’s stock valued at $635,705,000 after purchasing an additional 108,748 shares in the last quarter. Geode Capital Management LLC increased its stake in Gaming and Leisure Properties by 7.5% during the 2nd quarter. Geode Capital Management LLC now owns 6,948,979 shares of the real estate investment trust’s stock worth $323,683,000 after buying an additional 483,174 shares during the period. Invesco Ltd. increased its stake in Gaming and Leisure Properties by 3.2% during the 2nd quarter. Invesco Ltd. now owns 4,657,406 shares of the real estate investment trust’s stock worth $217,408,000 after buying an additional 145,172 shares during the period. Finally, Norges Bank acquired a new stake in Gaming and Leisure Properties during the 2nd quarter worth approximately $175,169,000. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Trading Down 0.5%

NASDAQ GLPI opened at $49.59 on Wednesday. The firm’s fifty day moving average price is $45.88 and its 200 day moving average price is $45.56. Gaming and Leisure Properties, Inc. has a 12 month low of $41.17 and a 12 month high of $52.24. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.84 and a quick ratio of 3.84. The company has a market capitalization of $14.04 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 2.75 and a beta of 0.64.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.01. The company had revenue of $407.03 million during the quarter, compared to the consensus estimate of $406.02 million. Gaming and Leisure Properties had a net margin of 52.24% and a return on equity of 17.10%. Gaming and Leisure Properties’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.95 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. On average, sell-side analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.12 annualized dividend and a yield of 6.3%. Gaming and Leisure Properties’s payout ratio is 107.22%.

Insider Transactions at Gaming and Leisure Properties

In other news, COO Brandon John Moore sold 16,884 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $48.05, for a total value of $811,276.20. Following the completion of the sale, the chief operating officer directly owned 257,874 shares of the company’s stock, valued at approximately $12,390,845.70. This represents a 6.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Desiree A. Burke sold 9,804 shares of Gaming and Leisure Properties stock in a transaction on Friday, February 27th. The shares were sold at an average price of $49.02, for a total transaction of $480,592.08. Following the completion of the transaction, the chief financial officer directly owned 128,352 shares in the company, valued at $6,291,815.04. The trade was a 7.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 69,042 shares of company stock worth $3,203,844 in the last three months. Corporate insiders own 4.26% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on GLPI shares. Barclays increased their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Mizuho set a $50.00 price target on Gaming and Leisure Properties and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Royal Bank Of Canada lifted their price objective on Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. UBS Group restated a “buy” rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 8th. Finally, JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and raised their target price for the company from $52.00 to $53.00 in a report on Friday, December 12th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and an average target price of $51.95.

About Gaming and Leisure Properties

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.