Sumitomo Mitsui Trust Group Inc. Purchases 46,024 Shares of Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Sumitomo Mitsui Trust Group raised its stake in Gaming and Leisure Properties (NASDAQ:GLPI) by 2.3% in Q4, buying 46,024 shares and now owning 2,044,598 shares (~0.72%) valued at $91.37 million.
• GLPI pays a quarterly dividend of $0.78 (annualized $3.12) for a ~6.7% yield, but the dividend payout ratio is high at 107.22%.
• Insiders have been net sellers recently — including COO and CFO sales — with 32,178 shares sold over the last 90 days worth about $1.55 million, leaving insiders owning 4.26% of the company.

Sumitomo Mitsui Trust Group Inc. increased its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 2.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,044,598 shares of the real estate investment trust's stock after acquiring an additional 46,024 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.72% of Gaming and Leisure Properties worth $91,373,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GLPI. First Trust Advisors LP raised its stake in Gaming and Leisure Properties by 78.7% in the second quarter. First Trust Advisors LP now owns 283,963 shares of the real estate investment trust's stock valued at $13,255,000 after purchasing an additional 125,098 shares in the last quarter. Cerity Partners LLC raised its stake in Gaming and Leisure Properties by 18.6% in the second quarter. Cerity Partners LLC now owns 10,233 shares of the real estate investment trust's stock valued at $478,000 after purchasing an additional 1,608 shares in the last quarter. Bank of Nova Scotia raised its stake in Gaming and Leisure Properties by 16.6% in the second quarter. Bank of Nova Scotia now owns 18,603 shares of the real estate investment trust's stock valued at $868,000 after purchasing an additional 2,646 shares in the last quarter. AXA S.A. raised its stake in Gaming and Leisure Properties by 478.5% in the second quarter. AXA S.A. now owns 39,543 shares of the real estate investment trust's stock valued at $1,846,000 after purchasing an additional 32,708 shares in the last quarter. Finally, Squarepoint Ops LLC raised its stake in Gaming and Leisure Properties by 276.2% in the second quarter. Squarepoint Ops LLC now owns 70,459 shares of the real estate investment trust's stock valued at $3,289,000 after purchasing an additional 51,731 shares in the last quarter. 91.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GLPI. UBS Group reaffirmed a "buy" rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 8th. Weiss Ratings reissued a "hold (c)" rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 22nd. Mizuho lifted their price target on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 11th. Barclays decreased their price target on shares of Gaming and Leisure Properties from $53.00 to $52.00 and set an "overweight" rating on the stock in a research note on Friday, March 13th. Finally, Scotiabank lifted their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a "sector perform" rating in a research note on Tuesday, March 10th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $52.32.

Insider Transactions at Gaming and Leisure Properties

In other news, COO Brandon John Moore sold 16,884 shares of the firm's stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $48.05, for a total value of $811,276.20. Following the transaction, the chief operating officer owned 257,874 shares in the company, valued at approximately $12,390,845.70. This trade represents a 6.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Desiree A. Burke sold 9,804 shares of the firm's stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $49.02, for a total transaction of $480,592.08. Following the completion of the transaction, the chief financial officer owned 128,352 shares in the company, valued at $6,291,815.04. This represents a 7.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 32,178 shares of company stock worth $1,552,938. Insiders own 4.26% of the company's stock.

Gaming and Leisure Properties Trading Up 0.3%

GLPI stock opened at $46.85 on Tuesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 3.84 and a current ratio of 3.84. Gaming and Leisure Properties, Inc. has a one year low of $41.17 and a one year high of $50.31. The company has a market capitalization of $13.27 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 2.08 and a beta of 0.68. The company's 50 day moving average price is $46.75 and its two-hundred day moving average price is $45.37.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its 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 firm had revenue of $407.03 million for the quarter, compared to analysts' expectations of $406.02 million. During the same quarter last year, the business earned $0.95 earnings per share. The business's revenue 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. As a group, analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were issued a $0.78 dividend. The ex-dividend date was Friday, March 13th. This represents a $3.12 annualized dividend and a dividend yield of 6.7%. Gaming and Leisure Properties's dividend payout ratio (DPR) is currently 107.22%.

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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