Rakuten Investment Management Inc. Buys New Stake in Gaming and Leisure Properties, Inc. $GLPI

Rakuten Investment Management Inc. purchased a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 24,934 shares of the real estate investment trust’s stock, valued at approximately $1,162,000.

Other hedge funds also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Gaming and Leisure Properties by 6.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,998,574 shares of the real estate investment trust’s stock valued at $93,154,000 after buying an additional 124,745 shares during the period. Balyasny Asset Management L.P. purchased a new position in Gaming and Leisure Properties in the 2nd quarter worth approximately $124,785,000. Thrivent Financial for Lutherans grew its position in Gaming and Leisure Properties by 125.9% in the second quarter. Thrivent Financial for Lutherans now owns 145,360 shares of the real estate investment trust’s stock valued at $6,785,000 after acquiring an additional 81,026 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Gaming and Leisure Properties by 691,400.0% during the third quarter. Pacer Advisors Inc. now owns 48,405 shares of the real estate investment trust’s stock valued at $2,256,000 after purchasing an additional 48,398 shares during the period. Finally, AGF Management Ltd. raised its stake in shares of Gaming and Leisure Properties by 18.1% during the second quarter. AGF Management Ltd. now owns 65,248 shares of the real estate investment trust’s stock valued at $3,046,000 after purchasing an additional 9,992 shares during the period. 91.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Steven Ladany sold 13,409 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $45.04, for a total value of $603,941.36. Following the completion of the sale, the senior vice president directly owned 57,886 shares in the company, valued at approximately $2,607,185.44. The trade was a 18.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director E Scott Urdang sold 4,000 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $45.49, for a total value of $181,960.00. Following the transaction, the director owned 129,953 shares in the company, valued at $5,911,561.97. This trade represents a 2.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 40,864 shares of company stock valued at $1,832,866 over the last quarter. Company insiders own 4.26% of the company’s stock.

Gaming and Leisure Properties Price Performance

GLPI opened at $45.41 on Friday. The company has a market capitalization of $12.85 billion, a P/E ratio of 16.45, a PEG ratio of 2.51 and a beta of 0.67. The company has a 50-day moving average of $44.18 and a 200-day moving average of $45.59. 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 1-year low of $41.17 and a 1-year high of $52.24.

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

Gaming and Leisure Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were given a $0.78 dividend. The ex-dividend date was Friday, December 5th. This represents a $3.12 annualized dividend and a dividend yield of 6.9%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 113.04%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Barclays decreased their target price on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. UBS Group reissued a “buy” rating on shares of Gaming and Leisure Properties in a research report on Thursday, January 8th. Cantor Fitzgerald lowered their target price on Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Mizuho set a $50.00 price target on Gaming and Leisure Properties and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Finally, JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and increased their price target for the company from $52.00 to $53.00 in a report on Friday, December 12th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.