Legal & General Group Plc Raises Position in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Legal & General Group Plc boosted its stake in Gaming and Leisure Properties by 11.2% in the fourth quarter, buying 219,933 additional shares and bringing its total holding to 2.19 million shares worth about $97.7 million.
• GLPI reported better-than-expected quarterly earnings of $0.82 per share on revenue of $419.99 million, while also raising its quarterly dividend to $0.82 per share, or $3.28 annually, yielding about 6.9%.
• Analysts remain generally constructive on the stock, with a Moderate Buy consensus and an average price target of $52.50, though opinions are split between Buy and Hold ratings.

Legal & General Group Plc lifted its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,186,483 shares of the real estate investment trust's stock after buying an additional 219,933 shares during the period. Legal & General Group Plc owned approximately 0.77% of Gaming and Leisure Properties worth $97,714,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Colonial River Investments LLC boosted its holdings in Gaming and Leisure Properties by 2.1% in the fourth quarter. Colonial River Investments LLC now owns 10,893 shares of the real estate investment trust's stock valued at $487,000 after purchasing an additional 227 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its holdings in Gaming and Leisure Properties by 0.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 63,319 shares of the real estate investment trust's stock valued at $2,830,000 after purchasing an additional 237 shares during the last quarter. Kestra Private Wealth Services LLC boosted its holdings in Gaming and Leisure Properties by 0.9% in the third quarter. Kestra Private Wealth Services LLC now owns 27,307 shares of the real estate investment trust's stock valued at $1,273,000 after purchasing an additional 245 shares during the last quarter. Gabelli Funds LLC boosted its holdings in Gaming and Leisure Properties by 0.4% in the fourth quarter. Gabelli Funds LLC now owns 64,782 shares of the real estate investment trust's stock valued at $2,895,000 after purchasing an additional 250 shares during the last quarter. Finally, Pure Financial Advisors LLC boosted its holdings in Gaming and Leisure Properties by 2.9% in the fourth quarter. Pure Financial Advisors LLC now owns 8,943 shares of the real estate investment trust's stock valued at $400,000 after purchasing an additional 255 shares during the last quarter. Hedge funds and other institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Trading Down 0.7%

Shares of NASDAQ GLPI opened at $47.43 on Friday. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 1.62. The stock's 50 day moving average price is $46.73 and its two-hundred day moving average price is $45.85. The stock has a market capitalization of $13.44 billion, a P/E ratio of 15.06, a PEG ratio of 2.06 and a beta of 0.68. Gaming and Leisure Properties, Inc. has a 52-week low of $41.17 and a 52-week high of $49.95.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.06. Gaming and Leisure Properties had a return on equity of 18.06% and a net margin of 55.56%.The business had revenue of $419.99 million for the quarter, compared to the consensus estimate of $417.15 million. During the same quarter last year, the business posted $0.96 EPS. The business's 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. On average, analysts anticipate that Gaming and Leisure Properties, Inc. will post 4 earnings per share for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be given a $0.82 dividend. The ex-dividend date is Friday, June 12th. This represents a $3.28 annualized dividend and a yield of 6.9%. This is an increase from Gaming and Leisure Properties's previous quarterly dividend of $0.78. Gaming and Leisure Properties's payout ratio is 99.05%.

Analyst Upgrades and Downgrades

GLPI has been the subject of a number of analyst reports. Weiss Ratings raised Gaming and Leisure Properties from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, May 15th. Scotiabank increased their price target on Gaming and Leisure Properties from $50.00 to $52.00 and gave the company a "sector perform" rating in a report on Tuesday, May 12th. Stifel Nicolaus set a $50.00 price target on Gaming and Leisure Properties in a report on Friday, April 24th. Mizuho increased their price target on Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an "outperform" rating in a report on Wednesday, March 11th. Finally, Barclays increased their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an "overweight" rating in a report on Tuesday, April 21st. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $52.50.

Gaming and Leisure Properties Profile

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.

Want to see what other hedge funds are holding GLPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.