Gaming and Leisure Properties, Inc. $GLPI Stock Holdings Lifted by Allianz Asset Management GmbH

Allianz Asset Management GmbH increased its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 103.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 591,143 shares of the real estate investment trust's stock after buying an additional 301,277 shares during the period. Allianz Asset Management GmbH owned 0.20% of Gaming and Leisure Properties worth $26,324,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Amundi increased its holdings in shares of Gaming and Leisure Properties by 0.7% during the 2nd quarter. Amundi now owns 705,319 shares of the real estate investment trust's stock valued at $31,408,000 after acquiring an additional 5,084 shares during the last quarter. Groupe la Francaise bought a new position in Gaming and Leisure Properties during the second quarter worth $559,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Gaming and Leisure Properties during the second quarter valued at about $41,756,000. California State Teachers Retirement System raised its holdings in Gaming and Leisure Properties by 2,755.7% in the 2nd quarter. California State Teachers Retirement System now owns 18,121,617 shares of the real estate investment trust's stock valued at $806,956,000 after acquiring an additional 17,487,046 shares in the last quarter. Finally, HB Wealth Management LLC raised its stake in shares of Gaming and Leisure Properties by 3.3% in the second quarter. HB Wealth Management LLC now owns 17,209 shares of the real estate investment trust's stock valued at $766,000 after purchasing an additional 553 shares in the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on GLPI shares. Wells Fargo & Company dropped their price target on shares of Gaming and Leisure Properties from $45.00 to $43.00 and set an "equal weight" rating for the company in a research report on Tuesday, September 1st. UBS Group set a $49.00 price target on shares of Gaming and Leisure Properties in a research report on Thursday, June 18th. JPMorgan Chase & Co. reduced their price objective on Gaming and Leisure Properties from $53.00 to $51.00 and set an "overweight" rating on the stock in a report on Tuesday, June 30th. Scotiabank raised their target price on shares of Gaming and Leisure Properties from $49.00 to $50.00 and gave the company a "sector perform" rating in a research note on Thursday, August 13th. Finally, Morgan Stanley raised their price target on Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Monday, July 6th. Six investment 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, Gaming and Leisure Properties currently has an average rating of "Moderate Buy" and an average price target of $49.27.

Insider Activity

In other news, Director E. Urdang sold 3,000 shares of the business's stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total value of $144,960.00. Following the sale, the director owned 127,429 shares of the company's stock, valued at $6,157,369.28. The trade was a 2.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Earl C. Shanks acquired 10,000 shares of Gaming and Leisure Properties stock in a transaction dated 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 completion of the purchase, the director owned 107,259 shares in the company, valued at approximately $4,530,620.16. The trade was a 10.28% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 4.11% of the stock is owned by corporate insiders.

Gaming and Leisure Properties Stock Performance

Shares of GLPI opened at $41.92 on Tuesday. The firm has a market cap of $12.20 billion, a P/E ratio of 12.29, a PEG ratio of 1.75 and a beta of 0.65. Gaming and Leisure Properties, Inc. has a twelve month low of $41.17 and a twelve month high of $49.95. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.74 and a current ratio of 4.74. The firm's 50 day moving average price is $43.66 and its two-hundred day moving average price is $45.79.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. The company had revenue of $430.52 million during the quarter, compared to the consensus estimate of $428.51 million. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The firm's revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. On average, 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend is Friday, September 11th. Gaming and Leisure Properties's dividend payout ratio is currently 96.19%.

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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