Tredje AP fonden Sells 14,782 Shares of Gaming and Leisure Properties, Inc. $GLPI

Tredje AP fonden cut its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 70.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,119 shares of the real estate investment trust’s stock after selling 14,782 shares during the period. Tredje AP fonden’s holdings in Gaming and Leisure Properties were worth $285,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Norges Bank bought a new position in shares of Gaming and Leisure Properties in the second quarter worth about $175,169,000. Balyasny Asset Management L.P. bought a new stake in Gaming and Leisure Properties during the 2nd quarter worth approximately $124,785,000. Qube Research & Technologies Ltd lifted its holdings in Gaming and Leisure Properties by 375.8% during the second quarter. Qube Research & Technologies Ltd now owns 1,329,251 shares of the real estate investment trust’s stock valued at $62,049,000 after purchasing an additional 1,049,863 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Gaming and Leisure Properties by 2.4% in the third quarter. Vanguard Group Inc. now owns 37,905,759 shares of the real estate investment trust’s stock worth $1,766,787,000 after purchasing an additional 899,273 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Gaming and Leisure Properties in the second quarter worth approximately $31,773,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GLPI. UBS Group restated a “buy” rating on shares of Gaming and Leisure Properties in a research report on Thursday, January 8th. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and raised their price target for the company from $52.00 to $53.00 in a report on Friday, December 12th. Barclays boosted their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Mizuho set a $50.00 target price on Gaming and Leisure Properties and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Finally, Morgan Stanley lifted their target price on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 24th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $51.95.

Gaming and Leisure Properties Stock Up 1.3%

Shares of GLPI stock opened at $47.86 on Tuesday. The company’s fifty day simple moving average is $45.41 and its two-hundred day simple moving average is $45.43. Gaming and Leisure Properties, Inc. has a 52 week low of $41.17 and a 52 week high of $52.24. The stock has a market cap of $13.55 billion, a P/E ratio of 16.45, a PEG ratio of 2.61 and a beta of 0.67. 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 (NASDAQ:GLPI) last issued its 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 firm had revenue of $407.03 million for 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 business’s revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.95 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. Analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 6.5%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 107.22%.

Insider Activity at Gaming and Leisure Properties

In related news, SVP Steven Ladany sold 18,000 shares of Gaming and Leisure Properties stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $44.77, for a total value of $805,860.00. Following the completion of the transaction, the senior vice president owned 65,099 shares in the company, valued at approximately $2,914,482.23. This trade represents a 21.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 36,864 shares of company stock valued at $1,650,906. 4.26% of the stock is currently owned by company insiders.

Gaming and Leisure Properties 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.