Principal Financial Group Inc. lifted its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 7.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,764,876 shares of the real estate investment trust's stock after acquiring an additional 525,317 shares during the period. Principal Financial Group Inc. owned 2.74% of Gaming and Leisure Properties worth $347,012,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of GLPI. Benjamin Edwards Inc. boosted its holdings in shares of Gaming and Leisure Properties by 8.9% in the 4th quarter. Benjamin Edwards Inc. now owns 15,117 shares of the real estate investment trust's stock valued at $676,000 after purchasing an additional 1,233 shares during the last quarter. Horizon Investments LLC purchased a new stake in Gaming and Leisure Properties during the fourth quarter valued at about $167,000. Danske Bank A S raised its holdings in shares of Gaming and Leisure Properties by 2.9% in the 4th quarter. Danske Bank A S now owns 279,244 shares of the real estate investment trust's stock worth $12,479,000 after purchasing an additional 7,984 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in shares of Gaming and Leisure Properties in the 4th quarter worth about $342,000. Finally, Certuity LLC acquired a new position in shares of Gaming and Leisure Properties in the 4th quarter valued at about $227,000. 91.14% of the stock is owned by institutional investors and hedge funds.
Gaming and Leisure Properties Stock Performance
Gaming and Leisure Properties stock opened at $47.75 on Wednesday. The firm has a market capitalization of $13.53 billion, a PE ratio of 15.16, a price-to-earnings-growth ratio of 2.05 and a beta of 0.68. Gaming and Leisure Properties, Inc. has a one year low of $41.17 and a one year high of $49.95. The stock's 50 day moving average price is $47.07 and its 200 day moving average price is $45.51. The company has a debt-to-equity ratio of 1.62, a quick ratio of 6.29 and a current ratio of 6.29.
Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.06. Gaming and Leisure Properties had a net margin of 55.56% and a return on equity of 18.06%. The company had revenue of $419.99 million for the quarter, compared to analyst estimates of $417.15 million. During the same quarter last year, the firm posted $0.96 earnings per share. The business's quarterly revenue was up 6.3% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. As a group, sell-side analysts expect that Gaming and Leisure Properties, Inc. will post 3.99 EPS for the current fiscal year.
Gaming and Leisure Properties Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.12 annualized dividend and a yield of 6.5%. Gaming and Leisure Properties's payout ratio is 99.05%.
Insiders Place Their Bets
In other news, CFO Desiree A. Burke sold 9,804 shares of Gaming and Leisure Properties stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $49.02, for a total transaction of $480,592.08. Following the sale, the chief financial officer directly owned 128,352 shares of the company's stock, valued at approximately $6,291,815.04. The trade was a 7.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Brandon John Moore sold 16,884 shares of the business's stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $48.05, for a total value of $811,276.20. Following the completion of the transaction, the chief operating officer owned 257,874 shares in the company, valued at approximately $12,390,845.70. This trade represents a 6.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 32,178 shares of company stock worth $1,552,938 in the last quarter. 4.11% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the company. Mizuho boosted their target price on Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an "outperform" rating in a report on Wednesday, March 11th. Stifel Nicolaus set a $50.00 price objective on shares of Gaming and Leisure Properties in a research note on Friday, April 24th. UBS Group reissued a "buy" rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 8th. Weiss Ratings lowered shares of Gaming and Leisure Properties from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday. Finally, Scotiabank upped 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 analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $52.30.
Check Out Our Latest Research Report on Gaming and Leisure Properties
Gaming and Leisure Properties Profile
(
Free Report)
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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