Lighthouse Investment Partners LLC Makes New $10.12 Million Investment in Gaming and Leisure Properties, Inc. $GLPI

Lighthouse Investment Partners LLC purchased a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 217,046 shares of the real estate investment trust’s stock, valued at approximately $10,117,000. Lighthouse Investment Partners LLC owned 0.08% of Gaming and Leisure Properties as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Rakuten Investment Management Inc. acquired a new position in Gaming and Leisure Properties during the 3rd quarter worth about $1,162,000. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Gaming and Leisure Properties by 6.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,998,574 shares of the real estate investment trust’s stock valued at $93,154,000 after buying an additional 124,745 shares during the last quarter. National Pension Service increased its stake in shares of Gaming and Leisure Properties by 26.6% in the third quarter. National Pension Service now owns 273,012 shares of the real estate investment trust’s stock valued at $12,725,000 after buying an additional 57,282 shares during the period. Balyasny Asset Management L.P. bought a new position in shares of Gaming and Leisure Properties during the second quarter worth about $124,785,000. Finally, Raiffeisen Bank International AG bought a new position in shares of Gaming and Leisure Properties during the third quarter worth about $703,000. Institutional investors own 91.14% of the company’s stock.

Analyst Upgrades and Downgrades

GLPI has been the topic of a number of recent analyst reports. Barclays cut their price objective on Gaming and Leisure Properties from $53.00 to $52.00 and set an “overweight” rating on the stock in a research note on Friday. JPMorgan Chase & Co. upgraded shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $52.00 to $53.00 in a report on Friday, December 12th. Royal Bank Of Canada boosted their price target 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. Scotiabank upped their price objective on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 10th. Finally, Stifel Nicolaus set a $48.50 price objective on shares of Gaming and Leisure Properties in a research report on Thursday, February 12th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Gaming and Leisure Properties currently has a consensus rating of “Moderate Buy” and an average target price of $52.32.

Gaming and Leisure Properties Trading Down 1.6%

NASDAQ:GLPI opened at $47.58 on Monday. Gaming and Leisure Properties, Inc. has a 12 month low of $41.17 and a 12 month high of $51.44. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $13.48 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 2.12 and a beta of 0.64. The firm has a fifty day simple moving average of $46.51 and a two-hundred day simple moving average of $45.62.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. The firm had revenue of $407.03 million for 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 quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. Analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS 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. Investors of record on Friday, March 13th will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Friday, March 13th. Gaming and Leisure Properties’s dividend payout ratio is 107.22%.

Insider Transactions at Gaming and Leisure Properties

In other news, 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 transaction of $189,480.00. Following the completion of the sale, the director owned 130,429 shares in the company, valued at $6,178,421.73. The trade was a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Desiree A. Burke sold 9,804 shares of the company’s stock in a transaction that occurred on 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 $6,291,815.04. The trade was a 7.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 69,042 shares of company stock worth $3,203,844 in the last three months. Insiders own 4.26% of the company’s stock.

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.