Gaming and Leisure Properties, Inc. $GLPI Stake Lowered by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd trimmed its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 22.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,012 shares of the real estate investment trust’s stock after selling 13,698 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Gaming and Leisure Properties were worth $2,238,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Spire Wealth Management boosted its position in Gaming and Leisure Properties by 62.3% during the 3rd quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 238 shares during the period. Kestra Private Wealth Services LLC lifted its stake in Gaming and Leisure Properties by 0.9% in the third quarter. Kestra Private Wealth Services LLC now owns 27,307 shares of the real estate investment trust’s stock valued at $1,273,000 after buying an additional 245 shares during the last quarter. Securian Asset Management Inc. lifted its stake in Gaming and Leisure Properties by 1.3% in the third quarter. Securian Asset Management Inc. now owns 21,195 shares of the real estate investment trust’s stock valued at $988,000 after buying an additional 265 shares during the last quarter. Apella Capital LLC boosted its holdings in shares of Gaming and Leisure Properties by 4.8% during the third quarter. Apella Capital LLC now owns 5,904 shares of the real estate investment trust’s stock valued at $263,000 after acquiring an additional 273 shares during the period. Finally, Norinchukin Bank The boosted its holdings in shares of Gaming and Leisure Properties by 2.2% during the third quarter. Norinchukin Bank The now owns 13,508 shares of the real estate investment trust’s stock valued at $630,000 after acquiring an additional 294 shares during the period. Institutional investors own 91.14% of the company’s stock.

Insider Transactions at Gaming and Leisure Properties

In related news, COO Brandon John Moore sold 16,884 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $48.05, for a total transaction of $811,276.20. Following the completion of the transaction, the chief operating officer owned 257,874 shares of the company’s stock, valued at $12,390,845.70. This trade represents a 6.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Desiree A. Burke sold 9,804 shares of Gaming and Leisure Properties stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $49.02, for a total value of $480,592.08. Following the transaction, the chief financial officer directly owned 128,352 shares in the company, valued at approximately $6,291,815.04. The trade was a 7.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 69,042 shares of company stock valued at $3,203,844. Company insiders own 4.26% of the company’s stock.

Gaming and Leisure Properties Stock Performance

Shares of GLPI opened at $46.23 on Tuesday. The firm has a market capitalization of $13.09 billion, a PE ratio of 15.89, a P/E/G ratio of 2.05 and a beta of 0.64. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 1.45. The firm has a 50-day moving average price of $46.76 and a 200 day moving average price of $45.58. Gaming and Leisure Properties, Inc. has a 52-week low of $41.17 and a 52-week high of $51.44.

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

Gaming and Leisure Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date is Friday, March 13th. Gaming and Leisure Properties’s dividend payout ratio is 107.22%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GLPI. Mizuho lifted their price objective on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a research report on Wednesday, March 11th. Royal Bank Of Canada upped their target price on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an “outperform” rating in a research report 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. Morgan Stanley lifted their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday, December 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 22nd. Six research 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 stock has an average rating of “Moderate Buy” and an average target price of $52.32.

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.