PensionDanmark Pensionsforsikringsaktieselskab Increases Position in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• PensionDanmark increased its GLPI position by 35.7% in the second quarter, owning 92,922 shares valued at approximately $4.14 million. Institutional investors collectively own 91.14% of the REIT.
• Analysts maintain a generally cautious outlook, with five Buy ratings and six Hold ratings. GLPI has an average price target of $50.20 versus a reported share price of $44.14.
• GLPI reported second-quarter EPS of $0.80, in line with estimates, while revenue rose 9% year over year to $430.52 million. The company also raised its quarterly dividend to $0.82, representing a 7.4% annualized yield.

PensionDanmark Pensionsforsikringsaktieselskab grew its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 35.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 92,922 shares of the real estate investment trust's stock after purchasing an additional 24,453 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab's holdings in Gaming and Leisure Properties were worth $4,138,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Cohen & Steers Inc. purchased a new position in Gaming and Leisure Properties in the fourth quarter valued at $313,242,000. Norges Bank acquired a new position in shares of Gaming and Leisure Properties during the 4th quarter worth about $167,743,000. Goldman Sachs Group Inc. boosted its position in shares of Gaming and Leisure Properties by 629.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,483,123 shares of the real estate investment trust's stock worth $110,971,000 after acquiring an additional 2,142,511 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Gaming and Leisure Properties by 711.8% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,369,851 shares of the real estate investment trust's stock valued at $110,459,000 after acquiring an additional 2,077,937 shares during the last quarter. Finally, 140 Summer Partners LP purchased a new position in shares of Gaming and Leisure Properties in the 4th quarter valued at about $81,272,000. 91.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 3,000 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total transaction of $144,960.00. Following the completion of the sale, the director directly owned 127,429 shares of the company's stock, valued at $6,157,369.28. This trade represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.11% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. UBS Group set a $49.00 target price on Gaming and Leisure Properties in a research note on Thursday, June 18th. Wells Fargo & Company lowered their target price on shares of Gaming and Leisure Properties from $48.00 to $45.00 and set an "equal weight" rating for the company in a report on Wednesday, July 15th. JPMorgan Chase & Co. dropped their target price on shares of Gaming and Leisure Properties from $53.00 to $51.00 and set an "overweight" rating on the stock in a research report on Tuesday, June 30th. Morgan Stanley boosted their price target on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the company an "equal weight" rating in a research report on Monday, July 6th. Finally, Scotiabank decreased their price objective on shares of Gaming and Leisure Properties from $52.00 to $49.00 and set a "sector perform" rating for the company in a research note on Thursday, June 18th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $50.20.

Gaming and Leisure Properties Stock Performance

Shares of Gaming and Leisure Properties stock opened at $44.14 on Monday. The firm's fifty day simple moving average is $45.11 and its 200-day simple moving average is $46.21. Gaming and Leisure Properties, Inc. has a 12 month low of $41.17 and a 12 month high of $49.95. The stock has a market capitalization of $12.84 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 1.85 and a beta of 0.66. 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 issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share for the quarter, hitting analysts' consensus estimates of $0.80. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The firm had revenue of $430.52 million during the quarter, compared to analysts' expectations of $428.51 million. During the same quarter in the prior year, the business earned $0.96 EPS. Gaming and Leisure Properties's quarterly revenue was up 9.0% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. As a group, equities analysts forecast that Gaming and Leisure Properties, Inc. will post 4.03 earnings per share for the current year.

Gaming and Leisure Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were issued a $0.82 dividend. The ex-dividend date of this dividend was Friday, June 12th. This is an increase from Gaming and Leisure Properties's previous quarterly dividend of $0.78. This represents a $3.28 dividend on an annualized basis and a dividend yield of 7.4%. Gaming and Leisure Properties's dividend payout ratio is presently 96.19%.

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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