Gaming and Leisure Properties, Inc. $GLPI Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

Key Points

• UBS Asset Management significantly increased its GLPI stake by purchasing about 2.44 million shares in the second quarter, bringing its holdings to 2.44 million shares valued at approximately $108.8 million. Institutional investors collectively own 91.14% of the REIT.
• Analysts maintain a generally positive outlook, with GLPI receiving a “Moderate Buy” consensus rating and an average price target of $49.73, compared with a recent share price of $41.80.
• GLPI reported quarterly EPS of $0.80, matching estimates, while revenue rose 9% year over year to $430.52 million. The company also declared a quarterly dividend of $0.82 per share, implying a 7.8% annualized yield.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 146,315.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,443,672 shares of the real estate investment trust's stock after purchasing an additional 2,442,003 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.84% of Gaming and Leisure Properties worth $108,817,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GLPI. SHP Wealth Management acquired a new stake in shares of Gaming and Leisure Properties during the fourth quarter worth $30,000. International Assets Investment Management LLC acquired a new position in shares of Gaming and Leisure Properties in the 4th quarter valued at about $31,000. Essential Partners LLC grew its position in shares of Gaming and Leisure Properties by 38.2% during the 1st quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 240 shares during the last quarter. Blue Trust Inc. acquired a new stake in Gaming and Leisure Properties during the first quarter worth about $40,000. Finally, Persistent Asset Partners Ltd acquired a new stake in Gaming and Leisure Properties during the second quarter worth about $40,000. Institutional investors own 91.14% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Raymond James Financial restated an "outperform" rating and issued a $47.00 target price on shares of Gaming and Leisure Properties in a research note on Thursday, August 13th. Barclays cut their price target on Gaming and Leisure Properties from $53.00 to $50.00 and set an "overweight" rating on the stock in a report on Wednesday, July 22nd. Cantor Fitzgerald reduced their price objective on Gaming and Leisure Properties from $52.00 to $48.00 and set a "neutral" rating for the company in a research report on Monday, August 10th. Morgan Stanley upped their price objective on Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock an "equal weight" rating in a research note on Monday, July 6th. Finally, UBS Group set a $49.00 target price on Gaming and Leisure Properties in a research report on Thursday, June 18th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $49.73.

Gaming and Leisure Properties Trading Down 0.6%

Gaming and Leisure Properties stock opened at $41.80 on Wednesday. Gaming and Leisure Properties, Inc. has a 52-week low of $41.17 and a 52-week 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 $12.16 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 1.76 and a beta of 0.65. The firm has a 50-day moving average price of $43.93 and a two-hundred day moving average price of $45.92.

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

Gaming and Leisure Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $3.28 annualized dividend and a yield of 7.8%. Gaming and Leisure Properties's payout ratio is presently 96.19%.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director Earl C. Shanks purchased 10,000 shares of the stock in a transaction dated Tuesday, August 18th. The shares were bought at an average cost of $42.24 per share, with a total value of $422,400.00. Following the completion of the acquisition, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total transaction of $144,960.00. Following the sale, the director owned 127,429 shares in the company, valued at approximately $6,157,369.28. This represents a 2.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.11% of the stock is owned by insiders.

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.

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