Pensionfund PDN Makes New Investment in Gaming and Leisure Properties, Inc. $GLPI

Pensionfund PDN purchased a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 40,172 shares of the real estate investment trust’s stock, valued at approximately $1,795,000. Gaming and Leisure Properties accounts for approximately 1.2% of Pensionfund PDN’s holdings, making the stock its 25th largest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Spire Wealth Management boosted its stake in Gaming and Leisure Properties by 62.3% during the third quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 238 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings 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 acquiring an additional 309 shares during the period. Quent Capital LLC bought a new stake in Gaming and Leisure Properties in the third quarter worth about $31,000. Bayforest Capital Ltd lifted its holdings in Gaming and Leisure Properties by 412.1% in the 3rd quarter. Bayforest Capital Ltd now owns 676 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 544 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Gaming and Leisure Properties in the 2nd quarter valued at about $39,000. Institutional investors own 91.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Thursday, January 22nd. Stifel Nicolaus set a $48.50 target price on shares of Gaming and Leisure Properties in a report on Thursday, February 12th. UBS Group reissued a “buy” rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 8th. Morgan Stanley raised their target price on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 24th. Finally, Scotiabank lifted their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 10th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.32.

Gaming and Leisure Properties Trading Up 0.4%

NASDAQ:GLPI opened at $46.23 on Tuesday. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 1.45. Gaming and Leisure Properties, Inc. has a 1-year low of $41.17 and a 1-year high of $51.44. The firm has a market capitalization of $13.09 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 2.05 and a beta of 0.64. The stock has a fifty day simple moving average of $46.76 and a 200 day simple moving average of $45.58.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data 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. Gaming and Leisure Properties had a return on equity of 17.10% and a net margin of 52.24%.The firm had revenue of $407.03 million for the quarter, compared to the consensus estimate of $406.02 million. During the same quarter in the previous year, the company earned $0.95 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. Sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

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

Insider Activity

In related news, Director E Scott Urdang sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $47.37, for a total value of $189,480.00. Following the completion of the transaction, the director owned 130,429 shares of the company’s stock, valued at approximately $6,178,421.73. This trade represents a 2.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Desiree A. Burke sold 9,804 shares of Gaming and Leisure Properties stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $49.02, for a total transaction of $480,592.08. Following the transaction, the chief financial officer 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. Insiders have sold 69,042 shares of company stock worth $3,203,844 over the last three months. 4.26% of the stock is owned by insiders.

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.