Jennison Associates LLC Grows Position in Gaming and Leisure Properties, Inc. $GLPI

Jennison Associates LLC raised its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 21.7% in the first quarter, Holdings Channel.com reports. The fund owned 4,378,409 shares of the real estate investment trust’s stock after buying an additional 781,198 shares during the quarter. Jennison Associates LLC’s holdings in Gaming and Leisure Properties were worth $194,270,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. LDR Capital Management LLC purchased a new stake in Gaming and Leisure Properties during the fourth quarter worth about $2,392,000. Sound Income Strategies LLC grew its position in Gaming and Leisure Properties by 11.7% during the fourth quarter. Sound Income Strategies LLC now owns 415,085 shares of the real estate investment trust’s stock worth $19,235,000 after buying an additional 43,501 shares during the period. GSA Capital Partners LLP increased its holdings in Gaming and Leisure Properties by 233.4% in the fourth quarter. GSA Capital Partners LLP now owns 35,715 shares of the real estate investment trust’s stock valued at $1,596,000 after buying an additional 25,002 shares in the last quarter. Bayhunt Capital LLC purchased a new position in Gaming and Leisure Properties in the fourth quarter valued at about $14,811,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Gaming and Leisure Properties by 36.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 193,123 shares of the real estate investment trust’s stock valued at $8,616,000 after acquiring an additional 51,663 shares during the period. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Stock Performance

Shares of GLPI opened at $45.08 on Friday. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 1.62. The stock has a market cap of $12.78 billion, a P/E ratio of 14.31, a PEG ratio of 1.94 and a beta of 0.66. The company has a 50-day moving average of $45.92 and a two-hundred day moving average of $46.24. Gaming and Leisure Properties, Inc. has a 12-month low of $41.17 and a 12-month high of $49.95.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.06. The company had revenue of $419.99 million for the quarter, compared to the consensus estimate of $417.15 million. Gaming and Leisure Properties had a net margin of 55.56% and a return on equity of 18.06%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. As a group, research analysts predict that Gaming and Leisure Properties, Inc. will post 4.01 EPS for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend was Friday, June 12th. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. Gaming and Leisure Properties’s dividend payout ratio is currently 104.13%.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total transaction of $144,960.00. Following the sale, the director owned 127,429 shares in the company, valued at approximately $6,157,369.28. This represents a 2.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on GLPI shares. Stifel Nicolaus set a $50.00 price target on Gaming and Leisure Properties in a report on Friday, April 24th. Barclays raised their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Wells Fargo & Company decreased their target price on Gaming and Leisure Properties from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Morgan Stanley boosted their target price on Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Finally, UBS Group set a $49.00 target price on Gaming and Leisure Properties in a report on Thursday, June 18th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $51.55.

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.