Gaming and Leisure Properties, Inc. $GLPI Stock: Sumitomo Mitsui DS Asset Management Company Ltd Cuts Stake

Key Points

• Sumitomo Mitsui DS Asset Management cut its GLPI stake by 26.5% in the third quarter, selling 27,661 shares and retaining 76,714 shares valued at approximately $2.9 million. Institutional investors collectively own 91.14% of the company.
• Analysts maintain a generally positive view, with nine Buy ratings and seven Holds producing a consensus “Moderate Buy” rating and a $47.69 price target, despite several firms lowering their targets.
• GLPI reported quarterly revenue of $430.52 million and adjusted earnings of $0.80 per share, while paying a $0.82 quarterly dividend—an annualized $3.28 payout and an 8.2% yield.

Sumitomo Mitsui DS Asset Management Company Ltd trimmed its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 26.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,714 shares of the real estate investment trust's stock after selling 27,661 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Gaming and Leisure Properties were worth $2,913,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Novem Group grew its stake in shares of Gaming and Leisure Properties by 6.5% during the third quarter. Novem Group now owns 24,853 shares of the real estate investment trust's stock valued at $944,000 after buying an additional 1,514 shares during the last quarter. RKL Wealth Management LLC raised its holdings in shares of Gaming and Leisure Properties by 7.7% in the third quarter. RKL Wealth Management LLC now owns 6,362 shares of the real estate investment trust's stock worth $242,000 after buying an additional 453 shares during the period. Pension & Wealth Management Advisors Inc. purchased a new stake in shares of Gaming and Leisure Properties in the third quarter worth approximately $29,000. State of Alaska Department of Revenue lifted its stake in shares of Gaming and Leisure Properties by 1.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 300,911 shares of the real estate investment trust's stock worth $11,423,000 after acquiring an additional 4,266 shares during the last quarter. Finally, Mather Group LLC. lifted its stake in shares of Gaming and Leisure Properties by 54.2% during the 3rd quarter. Mather Group LLC. now owns 799 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 281 shares during the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on GLPI. Raymond James Financial restated an "outperform" rating and set a $47.00 price objective on shares of Gaming and Leisure Properties in a report on Thursday, August 13th. Wells Fargo & Company reduced their target price on Gaming and Leisure Properties from $43.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Monday. Citigroup reiterated a "market outperform" rating on shares of Gaming and Leisure Properties in a research note on Friday, October 2nd. Truist Financial decreased their target price on Gaming and Leisure Properties from $60.00 to $55.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Mizuho decreased their target price on Gaming and Leisure Properties from $53.00 to $48.00 and set an "outperform" rating for the company in a research report on Wednesday, September 2nd. Nine investment analysts have rated the stock with a Buy rating and seven have issued 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 a consensus price target of $47.69.

Gaming and Leisure Properties Price Performance

Shares of GLPI stock opened at $40.02 on Friday. The company has a market capitalization of $11.64 billion, a P/E ratio of 11.74, a P/E/G ratio of 1.60 and a beta of 0.65. The company's 50-day simple moving average is $40.34 and its two-hundred day simple moving average is $43.94. Gaming and Leisure Properties, Inc. has a one year low of $37.33 and a one year high of $49.95. 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 (NASDAQ:GLPI - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. The firm 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 company's revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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 anticipate that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 8.2%. The ex-dividend date was Friday, September 11th. Gaming and Leisure Properties's dividend payout ratio (DPR) is presently 96.19%.

Insider Buying and Selling

In other news, Director Earl C. Shanks bought 10,000 shares of the firm's stock in a transaction on Tuesday, August 18th. The stock was acquired at an average cost of $42.24 per share, with a total value of $422,400.00. Following the transaction, the director directly owned 107,259 shares in the company, valued at approximately $4,530,620.16. This trade represents a 10.28% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.11% of the stock is owned by insiders.

Gaming and Leisure Properties Company Profile

Gaming and Leisure Properties, Inc NASDAQ: GLPI is a real estate investment trust that owns and leases gaming and entertainment properties. The company primarily operates as a landlord, generating rental income through long-term agreements with casino operators rather than directly managing most of the gaming facilities located on its properties.

GLPI's portfolio includes casinos, resorts, racetracks and related entertainment facilities across the United States. Its leases are generally structured as triple-net agreements, under which tenants are typically responsible for property-level expenses such as maintenance, insurance and real estate taxes.

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