Swedbank AB Has $2.95 Million Stock Position in Gaming and Leisure Properties, Inc. $GLPI

Swedbank AB lifted its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 133.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 63,265 shares of the real estate investment trust’s stock after buying an additional 36,109 shares during the quarter. Swedbank AB’s holdings in Gaming and Leisure Properties were worth $2,949,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in Gaming and Leisure Properties in the second quarter valued at $30,000. REAP Financial Group LLC grew its stake in shares of Gaming and Leisure Properties by 66.0% in the 2nd quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 264 shares during the period. Ameritas Advisory Services LLC bought a new stake in Gaming and Leisure Properties in the 2nd quarter valued at about $33,000. Elevation Point Wealth Partners LLC acquired a new position in Gaming and Leisure Properties during the 2nd quarter worth approximately $39,000. Finally, Bay Harbor Wealth Management LLC raised its stake in Gaming and Leisure Properties by 45.4% during the 2nd quarter. Bay Harbor Wealth Management LLC now owns 1,207 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 377 shares during the period. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI opened at $44.63 on Friday. The company has a market capitalization of $12.63 billion, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 9.66 and a beta of 0.68. The company’s 50-day moving average is $44.02 and its 200 day moving average is $45.85. The company has a debt-to-equity ratio of 1.47, a quick ratio of 13.23 and a current ratio of 13.23. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.17 and a fifty-two week high of $52.24.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.97 EPS for the quarter, beating the consensus estimate of $0.96 by $0.01. Gaming and Leisure Properties had a return on equity of 16.34% and a net margin of 49.54%.The business had revenue of $397.61 million for the quarter, compared to the consensus estimate of $399.66 million. During the same quarter in the prior year, the business earned $0.95 earnings per share. Gaming and Leisure Properties’s revenue for the quarter was up 3.2% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. On average, equities research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were paid a $0.78 dividend. The ex-dividend date was Friday, December 5th. This represents a $3.12 annualized dividend and a yield of 7.0%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 113.04%.

Insiders Place Their Bets

In other news, Director E Scott Urdang sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $45.49, for a total value of $181,960.00. Following the completion of the transaction, the director directly owned 129,953 shares in the company, valued at approximately $5,911,561.97. This trade represents a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.26% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on GLPI shares. Cantor Fitzgerald decreased their price objective on Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Stifel Nicolaus set a $47.75 price target on shares of Gaming and Leisure Properties in a research note on Monday, December 15th. JPMorgan Chase & Co. upgraded shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $52.00 to $53.00 in a report on Friday, December 12th. Barclays reduced their price objective on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “overweight” rating for the company in a report on Wednesday, December 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $51.89.

Gaming and Leisure Properties 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.