Gaming and Leisure Properties, Inc. $GLPI Stock Holdings Increased by Korea Investment CORP

Korea Investment CORP grew its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 7.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 265,844 shares of the real estate investment trust’s stock after buying an additional 19,439 shares during the period. Korea Investment CORP owned about 0.09% of Gaming and Leisure Properties worth $12,391,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Spire Wealth Management increased its holdings in shares of Gaming and Leisure Properties by 62.3% in the 3rd quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 238 shares during the last quarter. Securian Asset Management Inc. raised its position in shares of Gaming and Leisure Properties by 1.3% during the 3rd quarter. Securian Asset Management Inc. now owns 21,195 shares of the real estate investment trust’s stock valued at $988,000 after acquiring an additional 265 shares in the last quarter. Apella Capital LLC raised its position in shares of Gaming and Leisure Properties by 4.8% during the 3rd 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 in the last quarter. Truist Financial Corp lifted its stake in Gaming and Leisure Properties by 0.4% during the third quarter. Truist Financial Corp now owns 85,547 shares of the real estate investment trust’s stock worth $3,987,000 after purchasing an additional 299 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Gaming and Leisure Properties by 89.3% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 655 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 309 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, COO Brandon John Moore sold 16,884 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $48.05, for a total transaction of $811,276.20. Following the sale, the chief operating officer directly owned 257,874 shares in the company, valued at approximately $12,390,845.70. The trade was a 6.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director E Scott Urdang sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $47.37, for a total value of $189,480.00. Following the sale, the director directly owned 130,429 shares in the company, valued at approximately $6,178,421.73. The trade was a 2.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 69,042 shares of company stock worth $3,203,844 in the last 90 days. Corporate insiders own 4.26% of the company’s stock.

Gaming and Leisure Properties Stock Down 1.1%

Shares of Gaming and Leisure Properties stock opened at $47.85 on Thursday. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.84 and a quick ratio of 3.84. Gaming and Leisure Properties, Inc. has a 1-year low of $41.17 and a 1-year high of $51.44. The business’s fifty day moving average price is $46.38 and its two-hundred day moving average price is $45.64. The company has a market capitalization of $13.55 billion, a P/E ratio of 16.44, a PEG ratio of 2.16 and a beta of 0.64.

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

Gaming and Leisure Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.12 annualized dividend and a yield of 6.5%. Gaming and Leisure Properties’s dividend payout ratio is presently 107.22%.

Analyst Upgrades and Downgrades

GLPI has been the subject of several recent research reports. Stifel Nicolaus set a $48.50 target price on shares of Gaming and Leisure Properties in a research note on Thursday, February 12th. UBS Group restated a “buy” rating on shares of Gaming and Leisure Properties in a research report on Thursday, January 8th. Royal Bank Of Canada lifted their price target on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Mizuho boosted 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. Finally, Scotiabank increased their price objective on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Gaming and Leisure Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.41.

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.