Gaming and Leisure Properties, Inc. $GLPI Shares Sold by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd trimmed its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 22.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 48,012 shares of the real estate investment trust’s stock after selling 13,698 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Gaming and Leisure Properties were worth $2,238,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Spire Wealth Management lifted its position in shares of Gaming and Leisure Properties by 62.3% during the 3rd quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 238 shares during the last quarter. Kestra Private Wealth Services LLC lifted its holdings in shares of Gaming and Leisure Properties by 0.9% during the third quarter. Kestra Private Wealth Services LLC now owns 27,307 shares of the real estate investment trust’s stock valued at $1,273,000 after purchasing an additional 245 shares during the last quarter. Securian Asset Management Inc. lifted its holdings in shares of Gaming and Leisure Properties by 1.3% during 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 position in shares of Gaming and Leisure Properties by 4.8% in the 3rd 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 period. Finally, Norinchukin Bank The increased its stake in Gaming and Leisure Properties by 2.2% in the 3rd quarter. Norinchukin Bank The now owns 13,508 shares of the real estate investment trust’s stock worth $630,000 after purchasing an additional 294 shares in the last quarter. Institutional investors own 91.14% of the company’s stock.

Analysts Set New Price Targets

GLPI has been the subject of a number of analyst reports. UBS Group reaffirmed a “buy” rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 8th. Barclays reduced their price target on shares of Gaming and Leisure Properties from $53.00 to $52.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Mizuho raised their price objective 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. Morgan Stanley lifted their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 22nd. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Gaming and Leisure Properties currently has an average rating of “Moderate Buy” and an average price target of $52.32.

Gaming and Leisure Properties Trading Up 0.4%

NASDAQ:GLPI opened at $46.23 on Tuesday. The stock has a market cap of $13.09 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 2.05 and a beta of 0.64. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.17 and a fifty-two week high of $51.44. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.84 and a quick ratio of 3.84. The stock’s 50-day moving average is $46.76 and its two-hundred day moving average is $45.58.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The business had revenue of $407.03 million during the quarter, compared to analyst estimates of $406.02 million. Gaming and Leisure Properties had a net margin of 52.24% and a return on equity of 17.10%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. As a group, equities research analysts forecast 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 business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a $0.78 dividend. The ex-dividend date is Friday, March 13th. This represents a $3.12 dividend on an annualized basis and a yield of 6.7%. Gaming and Leisure Properties’s dividend payout ratio is presently 107.22%.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 4,000 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $47.37, for a total transaction of $189,480.00. Following the transaction, the director directly owned 130,429 shares in the company, valued at $6,178,421.73. The trade was a 2.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Desiree A. Burke sold 9,804 shares of the company’s stock in a transaction 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 directly owned 128,352 shares in the company, valued at $6,291,815.04. This trade represents a 7.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 69,042 shares of company stock worth $3,203,844. Corporate insiders own 4.26% of the company’s stock.

Gaming and Leisure Properties Company Profile

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.