Gaming and Leisure Properties, Inc. $GLPI Stake Cut by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd trimmed its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 26.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,714 shares of the real estate investment trust’s stock after selling 27,661 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Gaming and Leisure Properties were worth $2,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in GLPI. SHP Wealth Management bought a new stake in shares of Gaming and Leisure Properties in the 4th quarter valued at about $30,000. Pension & Wealth Management Advisors Inc. purchased a new stake in shares of Gaming and Leisure Properties in the 3rd quarter worth approximately $29,000. Markowski Investments purchased a new stake in shares of Gaming and Leisure Properties in the 2nd quarter worth approximately $35,000. Parkside Financial Bank & Trust lifted its position in shares of Gaming and Leisure Properties by 115.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 794 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 425 shares during the period. Finally, Mather Group LLC. boosted its stake in shares of Gaming and Leisure Properties by 54.2% during the third quarter. Mather Group LLC. now owns 799 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 281 shares in the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GLPI. Piper Sandler upgraded shares of Gaming and Leisure Properties to a “buy” rating in a research note on Friday, October 2nd. Stifel Nicolaus reduced their price objective on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “hold” rating for the company in a research note on Friday, July 31st. Wells Fargo & Company lowered their target price on Gaming and Leisure Properties from $43.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday. Morgan Stanley dropped their target price on Gaming and Leisure Properties from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 17th. Finally, Citizens Jmp dropped their target price on Gaming and Leisure Properties from $55.00 to $49.00 and set a “market outperform” rating on the stock in a research report on Friday, October 2nd. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.69.

Insider Activity

In other news, Director Earl C. Shanks acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were purchased at an average price of $42.24 per share, with a total value of $422,400.00. Following the transaction, the director directly owned 107,259 shares in the company, valued at approximately $4,530,620.16. This represents a 10.28% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.11% of the stock is currently owned by insiders.

Gaming and Leisure Properties Price Performance

Shares of GLPI stock opened at $40.02 on Friday. The stock’s 50-day moving average is $40.34 and its 200 day moving average is $43.94. Gaming and Leisure Properties, Inc. has a 1-year low of $37.33 and a 1-year high of $49.95. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.74 and a quick ratio of 4.74. The company has a market cap of $11.64 billion, a P/E ratio of 11.74, a PEG ratio of 1.60 and a beta of 0.65.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates of $0.80. The business had revenue of $430.52 million during the quarter, compared to the consensus estimate of $428.51 million. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. Research analysts predict that Gaming and Leisure Properties, Inc. will post 4.03 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date was Friday, September 11th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 96.19%.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust that owns and leases gaming and entertainment properties. The company primarily operates as a landlord, generating rental income through long-term agreements with casino operators rather than directly managing most of the gaming facilities located on its properties.

GLPI’s portfolio includes casinos, resorts, racetracks and related entertainment facilities across the United States. Its leases are generally structured as triple-net agreements, under which tenants are typically responsible for property-level expenses such as maintenance, insurance and real estate taxes.