Munich Reinsurance Co Stock Corp in Munich Raises Position in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Munich Re increased its stake in Gaming and Leisure Properties (NASDAQ:GLPI) by 5.3% in Q4 to 1,456,590 shares, making GLPI its 23rd-largest holding and representing 1.6% of Munich Re’s portfolio (about 0.51% of GLPI, valued at ~$65.6M).
• Record Q1 and raised guidance: GLPI reported record Q1 results—revenue ~$420M (+6.3% y/y) and GAAP EPS $0.82 beating estimates—and lifted FY‑2026 EPS guidance to $4.08–$4.12, above consensus.
• High dividend yield but thin coverage: GLPI pays $0.78 quarterly ($3.12 annualized) for a ~6.6% yield, while the dividend payout ratio is about 99%, indicating distributions are close to reported earnings.

Munich Reinsurance Co Stock Corp in Munich lifted its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,456,590 shares of the real estate investment trust's stock after buying an additional 73,884 shares during the period. Gaming and Leisure Properties makes up 1.6% of Munich Reinsurance Co Stock Corp in Munich's portfolio, making the stock its 23rd biggest position. Munich Reinsurance Co Stock Corp in Munich owned 0.51% of Gaming and Leisure Properties worth $65,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Spire Wealth Management boosted its position in shares of Gaming and Leisure Properties by 62.3% in the third quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust's stock worth $29,000 after buying an additional 238 shares during the period. Kestra Private Wealth Services LLC boosted its position in shares of 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 worth $1,273,000 after buying an additional 245 shares during the period. Securian Asset Management Inc. boosted its holdings in Gaming and Leisure Properties by 1.3% in the third quarter. Securian Asset Management Inc. now owns 21,195 shares of the real estate investment trust's stock valued at $988,000 after purchasing an additional 265 shares during the last quarter. Apella Capital LLC boosted its holdings in Gaming and Leisure Properties by 4.8% in the third quarter. Apella Capital LLC now owns 5,904 shares of the real estate investment trust's stock valued at $263,000 after purchasing an additional 273 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Gaming and Leisure Properties by 9.2% in the fourth quarter. GAMMA Investing LLC now owns 3,278 shares of the real estate investment trust's stock valued at $146,000 after purchasing an additional 277 shares during the last quarter. Hedge funds and other institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Trading Up 1.4%

Shares of NASDAQ GLPI opened at $47.31 on Friday. The stock's 50 day moving average price is $46.98 and its two-hundred day moving average price is $45.40. Gaming and Leisure Properties, Inc. has a 52-week low of $41.17 and a 52-week high of $49.95. The stock has a market capitalization of $13.40 billion, a P/E ratio of 15.02, a PEG ratio of 2.07 and a beta of 0.68. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 1.45.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.06. Gaming and Leisure Properties had a return on equity of 18.12% and a net margin of 55.56%.The firm had revenue of $419.99 million for the quarter, compared to analysts' expectations of $417.15 million. During the same quarter in the prior year, the firm posted $0.96 earnings per share. Gaming and Leisure Properties's revenue for the quarter was up 6.3% compared to the same quarter last year. 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 3.99 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were paid a dividend of $0.78 per share. The ex-dividend date was Friday, March 13th. This represents a $3.12 annualized dividend and a yield of 6.6%. Gaming and Leisure Properties's dividend payout ratio is presently 99.05%.

More Gaming and Leisure Properties News

Here are the key news stories impacting Gaming and Leisure Properties this week:

• Positive Sentiment: Record Q1 results: GLPI reported revenue of $420.0M (up ~6.3% y/y) and GAAP EPS of $0.82, both topping Street estimates — the company called the quarter a record. Gaming and Leisure Properties Reports Record First Quarter 2026 Results and Increases 2026 Full Year Guidance
• Positive Sentiment: Raised FY‑2026 earnings guidance: Management lifted EPS guidance to $4.080–$4.120, above consensus (~$3.98–3.99), signaling confidence in underlying cash flow and rent coverage. View Press Release
• Positive Sentiment: FFO beat: Funds from operations came in at $1.02/share vs. the Zacks consensus of $1.01 and $0.96 a year ago, supporting the REIT’s distribution coverage and payout outlook. Gaming and Leisure Properties (GLPI) Q1 FFO and Revenues Beat Estimates
• Neutral Sentiment: Earnings call transcript available for detail on drivers and capital allocation — investors should review management comments on portfolio performance, rent escalators, and M&A or capital return plans. Gaming and Leisure Properties, Inc. (GLPI) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Analyst/preview coverage flagged the company’s exposure to Bally’s-related assets (the “Bally’s bet”), which remains a focus for investors evaluating growth vs. concentration risk. Impact depends on operational performance and lease terms. Gaming & Leisure Properties set to report: Bally’s bet in focus
• Negative Sentiment: GAAP EPS declined y/y (from $0.96 to $0.82) despite the beat — some investors may be cautious until growth and margin trends prove sustainable. Gaming and Leisure Properties: Q1 Earnings Snapshot

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GLPI. UBS Group reissued a "buy" rating on shares of Gaming and Leisure Properties in a report on Thursday, January 8th. Weiss Ratings reissued a "hold (c)" rating on shares of Gaming and Leisure Properties in a report on Thursday, January 22nd. 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. 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. Finally, Stifel Nicolaus set a $50.00 price target on Gaming and Leisure Properties in a report on Friday. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $52.55.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the company's stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $47.37, for a total transaction of $189,480.00. Following the sale, the director owned 130,429 shares in the company, valued at $6,178,421.73. This represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Desiree A. Burke sold 9,804 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $49.02, for a total value of $480,592.08. Following the sale, the chief financial officer owned 128,352 shares in the company, valued at $6,291,815.04. The trade was a 7.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 32,178 shares of company stock worth $1,552,938 over the last quarter. 4.26% of the stock is owned by corporate insiders.

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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