Gaming and Leisure Properties, Inc. $GLPI Shares Acquired by Korea Investment CORP

Korea Investment CORP boosted its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 7.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 265,844 shares of the real estate investment trust’s stock after buying an additional 19,439 shares during the quarter. Korea Investment CORP’s holdings in Gaming and Leisure Properties were worth $12,391,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. AE Wealth Management LLC lifted its holdings in Gaming and Leisure Properties by 38.0% in the 2nd quarter. AE Wealth Management LLC now owns 10,871 shares of the real estate investment trust’s stock valued at $507,000 after acquiring an additional 2,993 shares during the last quarter. Aviva PLC acquired a new position in shares of Gaming and Leisure Properties in the 2nd quarter worth approximately $9,085,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Gaming and Leisure Properties by 8.2% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 434,087 shares of the real estate investment trust’s stock worth $20,263,000 after purchasing an additional 33,014 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Gaming and Leisure Properties by 4.2% in the 2nd quarter. ProShare Advisors LLC now owns 12,185 shares of the real estate investment trust’s stock worth $569,000 after purchasing an additional 494 shares in the last quarter. Finally, National Pension Service raised its holdings in shares of Gaming and Leisure Properties by 1.7% in the 2nd quarter. National Pension Service now owns 215,730 shares of the real estate investment trust’s stock worth $10,070,000 after purchasing an additional 3,570 shares in the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on GLPI. Barclays raised their target price on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and upped their price target for the company from $52.00 to $53.00 in a report on Friday, December 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Thursday, January 22nd. Morgan Stanley raised their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 24th. Finally, Stifel Nicolaus set a $48.50 target price on Gaming and Leisure Properties in a report on Thursday, February 12th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $52.41.

Gaming and Leisure Properties Stock Performance

Shares of GLPI opened at $47.85 on Thursday. Gaming and Leisure Properties, Inc. has a one year low of $41.17 and a one year high of $51.44. The company has a 50-day moving average of $46.38 and a two-hundred day moving average of $45.64. The stock has a market cap of $13.55 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 2.16 and a beta of 0.64. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.84 and a quick ratio of 3.84.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, February 19th. The real estate investment trust reported $0.99 earnings per share 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 the consensus estimate of $406.02 million. During the same period last year, the firm posted $0.95 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. On average, equities research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 6.5%. The ex-dividend date is Friday, March 13th. Gaming and Leisure Properties’s payout ratio is presently 107.22%.

Insider Activity

In other news, COO Brandon John Moore sold 16,884 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $48.05, for a total value of $811,276.20. Following the completion of the sale, the chief operating officer owned 257,874 shares of the company’s stock, valued at $12,390,845.70. This trade represents a 6.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director E Scott Urdang sold 4,000 shares of Gaming and Leisure Properties stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $47.37, for a total value of $189,480.00. Following the transaction, the director owned 130,429 shares in the company, valued at $6,178,421.73. This represents a 2.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 69,042 shares of company stock valued at $3,203,844 in the last 90 days. Company insiders own 4.26% of the company’s stock.

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.