TD Asset Management Inc Raises Stake in Gaming and Leisure Properties, Inc. $GLPI

TD Asset Management Inc increased its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 11.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,545 shares of the real estate investment trust’s stock after purchasing an additional 11,878 shares during the quarter. TD Asset Management Inc’s holdings in Gaming and Leisure Properties were worth $5,386,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Spire Wealth Management boosted its stake 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 worth $29,000 after acquiring an additional 238 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Gaming and Leisure Properties by 89.3% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 655 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 309 shares during the last quarter. Quent Capital LLC purchased a new position in shares of Gaming and Leisure Properties during the third quarter valued at approximately $31,000. Bayforest Capital Ltd boosted its position in Gaming and Leisure Properties by 412.1% during the third quarter. Bayforest Capital Ltd now owns 676 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 544 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in Gaming and Leisure Properties in the 2nd quarter worth approximately $39,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Trading Down 0.5%

Shares of GLPI opened at $49.59 on Wednesday. Gaming and Leisure Properties, Inc. has a 12 month low of $41.17 and a 12 month high of $52.24. The stock’s 50-day moving average is $45.88 and its two-hundred day moving average is $45.56. 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 has a market cap of $14.04 billion, a PE ratio of 17.04, a P/E/G ratio of 2.75 and a beta of 0.64.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, February 19th. The real estate investment trust reported $0.99 EPS for the quarter, beating the consensus estimate of $0.98 by $0.01. The business had revenue of $407.03 million for the quarter, compared to the consensus estimate of $406.02 million. Gaming and Leisure Properties had a return on equity of 17.10% and a net margin of 52.24%.The company’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the business posted $0.95 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. Equities 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 company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a $0.78 dividend. The ex-dividend date is Friday, March 13th. This represents a $3.12 annualized dividend and a dividend yield of 6.3%. Gaming and Leisure Properties’s dividend payout ratio is 107.22%.

Insider Activity

In related news, SVP Steven Ladany sold 13,409 shares of Gaming and Leisure Properties stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $45.04, for a total transaction of $603,941.36. Following the sale, the senior vice president owned 57,886 shares of the company’s stock, valued at $2,607,185.44. The trade was a 18.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director E Scott Urdang sold 4,000 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $47.37, for a total transaction of $189,480.00. Following the completion of the transaction, the director directly owned 130,429 shares of the company’s stock, valued at approximately $6,178,421.73. The trade was a 2.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 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.

Analyst Ratings Changes

A number of research firms have recently commented on GLPI. JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $52.00 to $53.00 in a research note on Friday, December 12th. Stifel Nicolaus set a $48.50 price target on shares of Gaming and Leisure Properties in a research report on Thursday, February 12th. Barclays increased their price target on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Morgan Stanley upped their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 24th. Finally, Cantor Fitzgerald reduced their target price on Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.95.

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.