Gaming and Leisure Properties, Inc. $GLPI Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd lowered its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 8.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,795,404 shares of the real estate investment trust’s stock after selling 164,087 shares during the quarter. Ninety One UK Ltd’s holdings in Gaming and Leisure Properties were worth $68,171,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in GLPI. BlackRock Inc. acquired a new stake in shares of Gaming and Leisure Properties during the second quarter worth approximately $1,596,811,000. State Street Corp boosted its holdings in shares of Gaming and Leisure Properties by 2.3% in the 2nd quarter. State Street Corp now owns 13,477,304 shares of the real estate investment trust’s stock worth $600,144,000 after acquiring an additional 305,154 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Gaming and Leisure Properties by 21.7% in the 1st quarter. Jennison Associates LLC now owns 4,378,409 shares of the real estate investment trust’s stock worth $194,270,000 after acquiring an additional 781,198 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Gaming and Leisure Properties by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,160,855 shares of the real estate investment trust’s stock worth $184,614,000 after acquiring an additional 67,652 shares in the last quarter. Finally, Deutsche Bank AG acquired a new position in shares of Gaming and Leisure Properties in the 2nd quarter worth approximately $151,300,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on GLPI shares. Stifel Nicolaus decreased their price target on Gaming and Leisure Properties from $50.00 to $49.00 and set a “hold” rating on the stock in a research report on Friday, July 31st. UBS Group set a $49.00 price target on Gaming and Leisure Properties in a report on Thursday, June 18th. Scotiabank cut their price objective on Gaming and Leisure Properties from $49.00 to $43.00 and set a “sector perform” rating for the company in a research report on Thursday, September 24th. Wells Fargo & Company reduced their price objective on Gaming and Leisure Properties from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 1st. Finally, Barclays reduced their price objective on Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $47.83.

Gaming and Leisure Properties Price Performance

NASDAQ:GLPI traded up $1.00 during mid-day trading on Thursday, reaching $39.20. 1,311,731 shares of the company were exchanged, compared to its average volume of 2,620,517. Gaming and Leisure Properties, Inc. has a 12 month low of $37.33 and a 12 month high of $49.95. The company has a fifty day moving average of $40.86 and a 200 day moving average of $44.16. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.51. The stock has a market cap of $11.40 billion, a PE ratio of 11.51, 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 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.80. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The company had revenue of $430.52 million during the quarter, compared to the consensus estimate of $428.51 million. During the same period in the previous year, the firm posted $0.96 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. On average, research analysts anticipate that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 8.4%. The ex-dividend date of this dividend was Friday, September 11th. Gaming and Leisure Properties’s dividend payout ratio is 96.19%.

Insider Buying and Selling at Gaming and Leisure Properties

In related news, Director Earl C. Shanks purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was acquired at an average price of $42.24 per share, with a total value of $422,400.00. Following the completion of the acquisition, the director directly owned 107,259 shares in the company, valued at approximately $4,530,620.16. This trade represents a 10.28% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.11% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties Profile

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust that owns and leases gaming and entertainment properties. The company generally leases its properties to casino operators under long-term, triple-net lease agreements, under which tenants are typically responsible for property-level operating expenses, maintenance, insurance and taxes.

GLPI’s portfolio primarily consists of casinos, racetracks and related facilities across the United States. Its tenants operate gaming, lodging, food and beverage, entertainment and other hospitality businesses, while GLPI focuses on owning the underlying real estate and managing its relationships with gaming operators.

The company was formed in 2013 through the separation of certain real estate assets from Penn National Gaming, now known as PENN Entertainment.