Munich Reinsurance Co Stock Corp in Munich Buys New Shares in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Munich Re purchased 1,382,706 shares of Gaming and Leisure Properties (NASDAQ:GLPI) in Q3 — about $64.45 million — making GLPI roughly 1.6% of its portfolio and its 19th largest holding.
• Institutional interest is high: Barclays PLC notably increased its stake to 4,033,903 shares (a 1,525% rise), and overall institutional investors own about 91.14% of GLPI.
• GLPI recently beat quarterly EPS expectations ($0.99 vs. $0.98), set FY 2026 guidance of $4.06–$4.11, and declared a $0.78 quarterly dividend (annualized $3.12, ~6.4% yield); analysts have a consensus rating of “Moderate Buy” with a $51.95 price target.

Munich Reinsurance Co Stock Corp in Munich purchased a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,382,706 shares of the real estate investment trust's stock, valued at approximately $64,448,000. Gaming and Leisure Properties comprises about 1.6% of Munich Reinsurance Co Stock Corp in Munich's investment portfolio, making the stock its 19th largest holding. Munich Reinsurance Co Stock Corp in Munich owned 0.49% of Gaming and Leisure Properties as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Neo Ivy Capital Management increased its holdings in shares of Gaming and Leisure Properties by 217.2% during the 3rd quarter. Neo Ivy Capital Management now owns 21,174 shares of the real estate investment trust's stock worth $987,000 after acquiring an additional 14,498 shares during the last quarter. Barclays PLC boosted its stake in Gaming and Leisure Properties by 1,525.0% in the 3rd quarter. Barclays PLC now owns 4,033,903 shares of the real estate investment trust's stock valued at $188,020,000 after purchasing an additional 3,785,669 shares during the period. Dimensional Fund Advisors LP grew its holdings in Gaming and Leisure Properties by 3.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,107,048 shares of the real estate investment trust's stock valued at $191,432,000 after buying an additional 147,375 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Gaming and Leisure Properties by 2.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,182,228 shares of the real estate investment trust's stock valued at $55,104,000 after buying an additional 28,843 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC bought a new position in Gaming and Leisure Properties during the 3rd quarter worth $223,000. 91.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GLPI. JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $52.00 to $53.00 in a research report on Friday, December 12th. Weiss Ratings restated a "hold (c)" rating on shares of Gaming and Leisure Properties in a research report on Thursday, January 22nd. Stifel Nicolaus set a $48.50 price target on shares of Gaming and Leisure Properties in a research report on Thursday, February 12th. Royal Bank Of Canada increased their price target on Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an "outperform" rating in a research report on Monday, February 23rd. Finally, Barclays raised their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an "overweight" rating in a research note on Thursday, February 12th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, Gaming and Leisure Properties presently has an average rating of "Moderate Buy" and a consensus price target of $51.95.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, SVP Steven Ladany sold 18,000 shares of the business's stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $44.77, for a total transaction of $805,860.00. Following the completion of the transaction, the senior vice president owned 65,099 shares of the company's stock, valued at approximately $2,914,482.23. The trade was a 21.66% 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 the SEC website. Also, COO Brandon John Moore sold 16,884 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $48.05, for a total transaction of $811,276.20. Following the completion of the transaction, the chief operating officer directly owned 257,874 shares of the company's stock, valued at $12,390,845.70. This trade represents a 6.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 69,042 shares of company stock worth $3,203,844 over the last 90 days. Corporate insiders own 4.26% of the company's stock.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI opened at $48.91 on Friday. The firm has a 50 day moving average of $46.16 and a 200-day moving average of $45.63. Gaming and Leisure Properties, Inc. has a 12 month low of $41.17 and a 12 month high of $52.24. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $13.85 billion, a PE ratio of 16.81, a PEG ratio of 2.72 and a beta of 0.64.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.01. Gaming and Leisure Properties had a net margin of 52.24% and a return on equity of 17.10%. The business had revenue of $407.03 million for the quarter, compared to analyst estimates of $406.02 million. During the same quarter last year, the business posted $0.95 EPS. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. On average, equities research analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a $0.78 dividend. The ex-dividend date is Friday, March 13th. This represents a $3.12 annualized dividend and a dividend yield of 6.4%. Gaming and Leisure Properties's dividend payout ratio (DPR) is presently 107.22%.

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.