Gaming and Leisure Properties, Inc. $GLPI Shares Sold by Ninety One UK Ltd

Key Points

• Ninety One UK Ltd cut its GLPI stake by 8.4% in the third quarter, selling 164,087 shares and retaining 1.80 million shares worth approximately $68.2 million. Institutional investors and hedge funds collectively own 91.14% of the company.
• GLPI’s shares recently traded at $39.20, near the lower end of their 52-week range. Analysts maintain a “Moderate Buy” consensus, with an average price target of $47.83.
• The REIT paid a quarterly dividend of $0.82 per share, equivalent to a $3.28 annualized dividend and an 8.4% yield; its latest quarterly earnings of $0.80 per share matched analyst estimates.

Ninety One UK Ltd reduced its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 8.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,795,404 shares of the real estate investment trust's stock after selling 164,087 shares during the quarter. Ninety One UK Ltd owned 0.62% of Gaming and Leisure Properties worth $68,171,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in Gaming and Leisure Properties during the second quarter valued at about $1,596,811,000. Deutsche Bank AG acquired a new position in Gaming and Leisure Properties in the 2nd quarter valued at approximately $151,300,000. Bank of New York Mellon Corp acquired a new position in Gaming and Leisure Properties in the 2nd quarter valued at approximately $111,960,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Gaming and Leisure Properties by 146,315.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,443,672 shares of the real estate investment trust's stock worth $108,817,000 after acquiring an additional 2,442,003 shares during the period. Finally, Bamco Inc. NY bought a new stake in shares of Gaming and Leisure Properties in the 2nd quarter worth approximately $82,120,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Gaming and Leisure Properties Price Performance

NASDAQ:GLPI traded up $1.00 during mid-day trading on Thursday, hitting $39.20. The company's stock had a trading volume of 1,311,731 shares, compared to its average volume of 2,620,517. The company has a market capitalization of $11.40 billion, a price-to-earnings ratio of 11.51, a P/E/G ratio of 1.60 and a beta of 0.65. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.51. Gaming and Leisure Properties, Inc. has a fifty-two week low of $37.33 and a fifty-two week high of $49.95. The stock has a fifty day moving average of $40.86 and a 200-day moving average of $44.16.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share for the quarter, meeting analysts' consensus estimates of $0.80. The company had revenue of $430.52 million for the quarter, compared to the consensus estimate of $428.51 million. Gaming and Leisure Properties had a return on equity of 19.17% and a net margin of 59.01%. The company's quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous 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. As a group, equities 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 announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 8.4%. The ex-dividend date was Friday, September 11th. Gaming and Leisure Properties's dividend payout ratio (DPR) is 96.19%.

Insider Activity at Gaming and Leisure Properties

In related news, Director Earl C. Shanks purchased 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The shares were acquired at an average price of $42.24 per share, with a total value of $422,400.00. Following the purchase, the director directly owned 107,259 shares in the company, valued at $4,530,620.16. This represents a 10.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.11% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on GLPI shares. Barclays decreased their price objective 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. UBS Group set a $49.00 price target on shares of Gaming and Leisure Properties in a research note on Thursday, June 18th. Raymond James Financial reiterated an "outperform" rating and set a $47.00 price target on shares of Gaming and Leisure Properties in a research note on Thursday, August 13th. Stifel Nicolaus lowered their price target on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a "hold" rating on the stock in a report on Friday, July 31st. Finally, Weiss Ratings lowered shares of Gaming and Leisure Properties from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, October 8th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $47.83.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc NASDAQ: GLPI is a real estate investment trust that owns and leases gaming and entertainment properties. The company generally leases its properties to casino operators under long-term, triple-net lease agreements, under which tenants are typically responsible for property-level operating expenses, maintenance, insurance and taxes.

GLPI's portfolio primarily consists of casinos, racetracks and related facilities across the United States. Its tenants operate gaming, lodging, food and beverage, entertainment and other hospitality businesses, while GLPI focuses on owning the underlying real estate and managing its relationships with gaming operators.

The company was formed in 2013 through the separation of certain real estate assets from Penn National Gaming, now known as PENN Entertainment.

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