Nykredit A S Invests $1.12 Million in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Nykredit A S acquired 25,258 GLPI shares worth approximately $1.12 million during the second quarter. Institutional investors collectively own 91.14% of Gaming and Leisure Properties.
• Analysts maintain a consensus rating of “Moderate Buy”, with an average price target of $48.73, despite several recent target-price reductions.
• GLPI declared a quarterly dividend of $0.82 per share, equivalent to an annualized $3.28 payout and an 8.2% yield; the company also reported quarterly revenue growth of 9% year over year.

Nykredit A S acquired a new position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 25,258 shares of the real estate investment trust's stock, valued at approximately $1,125,000.

Several other hedge funds have also recently added to or reduced their stakes in GLPI. Parkside Financial Bank & Trust increased its stake in shares of Gaming and Leisure Properties by 115.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 794 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 425 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in Gaming and Leisure Properties by 103.9% during the 2nd quarter. Allianz Asset Management GmbH now owns 591,143 shares of the real estate investment trust's stock valued at $26,324,000 after buying an additional 301,277 shares during the last quarter. Amundi grew its holdings in 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 buying an additional 5,084 shares during the last quarter. Groupe la Francaise purchased a new position in Gaming and Leisure Properties during the second quarter worth $559,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Gaming and Leisure Properties during the second quarter worth $41,756,000. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Earl C. Shanks acquired 10,000 shares of the company's stock in a transaction dated Tuesday, August 18th. The stock was bought at an average price of $42.24 per share, with a total value of $422,400.00. Following the purchase, the director directly owned 107,259 shares in the company, valued at $4,530,620.16. The trade was a 10.28% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.11% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on GLPI shares. Mizuho reduced their price objective on Gaming and Leisure Properties from $53.00 to $48.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 2nd. Royal Bank Of Canada dropped their price objective on Gaming and Leisure Properties from $54.00 to $52.00 and set an "outperform" rating for the company in a research report on Monday, August 3rd. Cantor Fitzgerald cut their target price on shares of Gaming and Leisure Properties from $52.00 to $48.00 and set a "neutral" rating for the company in a research note on Monday, August 10th. Raymond James Financial restated an "outperform" rating and issued a $47.00 target price on shares of Gaming and Leisure Properties in a report on Thursday, August 13th. Finally, Morgan Stanley decreased their price target on shares of Gaming and Leisure Properties from $55.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 17th. Six investment 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.com, Gaming and Leisure Properties has a consensus rating of "Moderate Buy" and an average price target of $48.73.

Gaming and Leisure Properties Trading Up 0.6%

Shares of GLPI opened at $39.92 on Wednesday. Gaming and Leisure Properties, Inc. has a fifty-two week low of $39.47 and a fifty-two week high of $49.95. The company has a market capitalization of $11.61 billion, a PE ratio of 11.71, a price-to-earnings-growth ratio of 1.66 and a beta of 0.65. The stock has a fifty day moving average of $42.96 and a two-hundred day moving average of $45.18. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.74 and a current ratio of 4.74.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted 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 business had revenue of $430.52 million for the quarter, compared to analysts' expectations of $428.51 million. Gaming and Leisure Properties had a return on equity of 19.17% and a net margin of 59.01%.The business's revenue was up 9.0% on a year-over-year basis. During the same quarter last 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. As a group, analysts forecast that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a $0.82 dividend. The ex-dividend date is Friday, September 11th. This represents a $3.28 annualized dividend and a yield of 8.2%. Gaming and Leisure Properties's payout ratio is 96.19%.

Gaming and Leisure Properties Company Profile

Gaming and Leisure Properties, Inc NASDAQ: GLPI is a real estate investment trust that owns, acquires and leases gaming-related properties. Its portfolio primarily consists of casinos and other properties used for gaming, entertainment and hospitality activities.

GLPI generally leases its properties to gaming operators under long-term, triple-net lease agreements. Under these arrangements, tenants typically operate the properties and are responsible for expenses such as maintenance, insurance and property taxes, while GLPI focuses on owning and managing the underlying real estate.

The company was established in 2013 through the spin-off of gaming properties from Penn National Gaming, now known as PENN Entertainment.

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