Andra AP fonden Grows Stock Holdings in Gaming and Leisure Properties, Inc. $GLPI

Andra AP fonden lifted its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 69.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 160,800 shares of the real estate investment trust's stock after purchasing an additional 66,100 shares during the period. Andra AP fonden owned 0.06% of Gaming and Leisure Properties worth $7,160,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in GLPI. BlackRock Inc. purchased a new stake in Gaming and Leisure Properties in the second quarter valued at $1,596,811,000. State Street Corp increased its position in shares of Gaming and Leisure Properties by 2.3% during the 2nd quarter. State Street Corp now owns 13,477,304 shares of the real estate investment trust's stock worth $600,144,000 after purchasing an additional 305,154 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Gaming and Leisure Properties by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 7,682,453 shares of the real estate investment trust's stock worth $342,677,000 after purchasing an additional 258,596 shares during the last quarter. Cohen & Steers Inc. purchased a new stake in Gaming and Leisure Properties in the 4th quarter valued at about $313,242,000. Finally, Jennison Associates LLC raised its holdings in Gaming and Leisure Properties by 21.7% in the 1st quarter. Jennison Associates LLC now owns 4,378,409 shares of the real estate investment trust's stock valued at $194,270,000 after buying an additional 781,198 shares during the period. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI opened at $39.25 on Thursday. The stock's 50-day moving average is $42.86 and its two-hundred day moving average is $45.11. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.74 and a quick ratio of 4.74. Gaming and Leisure Properties, Inc. has a 1-year low of $39.21 and a 1-year high of $49.95. The company has a market cap of $11.42 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 1.67 and a beta of 0.65.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, meeting analysts' consensus estimates of $0.80. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The company had revenue of $430.52 million for the quarter, compared to the consensus estimate of $428.51 million. During the same period in the prior year, the firm posted $0.96 EPS. The company's quarterly revenue was up 9.0% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. Analysts forecast that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 8.4%. The ex-dividend date is Friday, September 11th. Gaming and Leisure Properties's dividend payout ratio (DPR) is currently 96.19%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on GLPI shares. Morgan Stanley lowered their target price on shares of Gaming and Leisure Properties from $55.00 to $50.00 and set an "equal weight" rating for the company in a research note on Thursday, September 17th. Mizuho decreased their price objective on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set an "outperform" rating on the stock in a report on Wednesday, September 2nd. UBS Group set a $49.00 price objective on shares of Gaming and Leisure Properties in a research report on Thursday, June 18th. Wells Fargo & Company dropped their target price on shares of Gaming and Leisure Properties from $45.00 to $43.00 and set an "equal weight" rating for the company in a report on Tuesday, September 1st. Finally, Raymond James Financial reissued an "outperform" rating and issued a $47.00 target price on shares of Gaming and Leisure Properties in a research report on Thursday, August 13th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $48.73.

Insider Buying and Selling

In other news, Director Earl C. Shanks bought 10,000 shares of the business's stock in a transaction dated Tuesday, August 18th. The shares were acquired at an average price of $42.24 per share, for a total transaction of $422,400.00. Following the completion of the transaction, the director owned 107,259 shares of the company's stock, valued at approximately $4,530,620.16. This trade represents a 10.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 4.11% of the stock is owned by corporate insiders.

Gaming and Leisure Properties Profile

Gaming and Leisure Properties, Inc NASDAQ: GLPI is a real estate investment trust that owns, acquires and leases gaming-related properties. Its portfolio primarily consists of casinos and other properties used for gaming, entertainment and hospitality activities.

GLPI generally leases its properties to gaming operators under long-term, triple-net lease agreements. Under these arrangements, tenants typically operate the properties and are responsible for expenses such as maintenance, insurance and property taxes, while GLPI focuses on owning and managing the underlying real estate.

The company was established in 2013 through the spin-off of gaming properties from Penn National Gaming, now known as PENN Entertainment.

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