Mitsubishi UFJ Asset Management Co. Ltd. Makes New Investment in Gaming and Leisure Properties, Inc. $GLPI

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 547,573 shares of the real estate investment trust’s stock, valued at approximately $24,383,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cohen & Steers Inc. bought a new position in shares of Gaming and Leisure Properties in the 4th quarter valued at approximately $313,242,000. Norges Bank acquired a new position in Gaming and Leisure Properties during the fourth quarter valued at approximately $167,743,000. Bank of New York Mellon Corp bought a new position in shares of Gaming and Leisure Properties in the second quarter valued at approximately $111,960,000. Goldman Sachs Group Inc. lifted its stake in shares of Gaming and Leisure Properties by 629.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,483,123 shares of the real estate investment trust’s stock worth $110,971,000 after buying an additional 2,142,511 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Gaming and Leisure Properties by 711.8% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,369,851 shares of the real estate investment trust’s stock worth $110,459,000 after buying an additional 2,077,937 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on GLPI. Cantor Fitzgerald dropped their target price on shares of Gaming and Leisure Properties from $52.00 to $48.00 and set a “neutral” rating on the stock in a report on Monday, August 10th. Morgan Stanley raised their price target on Gaming and Leisure Properties from $53.00 to $55.00 and gave the company an “equal weight” rating in a research report on Monday, July 6th. Raymond James Financial restated an “outperform” rating and set a $47.00 target price on shares of Gaming and Leisure Properties in a research note on Thursday, August 13th. UBS Group set a $49.00 target price on Gaming and Leisure Properties in a report on Thursday, June 18th. Finally, Weiss Ratings downgraded Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.91.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director Earl C. Shanks purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were purchased at an average price of $42.24 per share, for a total transaction of $422,400.00. Following the completion of the purchase, the director directly owned 107,259 shares of the company’s stock, valued at approximately $4,530,620.16. This represents a 10.28% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director E Scott Urdang sold 3,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total transaction of $144,960.00. Following the completion of the sale, the director directly owned 127,429 shares in the company, valued at $6,157,369.28. This trade represents a 2.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 4.11% of the company’s stock.

Gaming and Leisure Properties Trading Up 1.9%

Shares of GLPI opened at $43.71 on Friday. Gaming and Leisure Properties, Inc. has a 12-month low of $41.17 and a 12-month high of $49.95. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $12.72 billion, a price-to-earnings ratio of 12.82, a P/E/G ratio of 1.79 and a beta of 0.66. The stock’s 50-day moving average price is $44.38 and its 200 day moving average price is $46.07.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates of $0.80. Gaming and Leisure Properties had a return on equity of 19.17% and a net margin of 59.01%.The company had revenue of $430.52 million during the quarter, compared to the consensus estimate of $428.51 million. During the same quarter last year, the company earned $0.96 EPS. The company’s quarterly revenue was up 9.0% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. As a group, research analysts predict that Gaming and Leisure Properties, Inc. will post 4.03 earnings per share for the current year.

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.