Swedbank AB Boosts Stock Position in Gaming and Leisure Properties, Inc. $GLPI

Swedbank AB raised its position 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 disclosure with the SEC. The fund 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 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Balyasny Asset Management L.P. bought a new position in Gaming and Leisure Properties in the second quarter valued at approximately $124,785,000. Thrivent Financial for Lutherans increased its position in shares of Gaming and Leisure Properties by 125.9% during the second quarter. Thrivent Financial for Lutherans now owns 145,360 shares of the real estate investment trust’s stock worth $6,785,000 after acquiring an additional 81,026 shares in the last quarter. AGF Management Ltd. raised its holdings 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 worth $3,046,000 after acquiring an additional 9,992 shares during the period. FJ Capital Management LLC bought a new stake in Gaming and Leisure Properties in the 1st quarter valued at $354,000. Finally, Royal Bank of Canada lifted its position in Gaming and Leisure Properties by 1.5% in the 1st quarter. Royal Bank of Canada now owns 466,403 shares of the real estate investment trust’s stock valued at $23,741,000 after acquiring an additional 6,869 shares in the last quarter. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Stock Performance

NASDAQ:GLPI opened at $44.63 on Friday. The stock has a 50 day simple moving average of $44.02 and a 200 day simple moving average of $45.85. The stock has a market cap of $12.63 billion, a P/E ratio of 16.17, a PEG ratio of 9.66 and a beta of 0.68. Gaming and Leisure Properties, Inc. has a 1-year low of $41.17 and a 1-year high of $52.24. The company has a current ratio of 13.23, a quick ratio of 13.23 and a debt-to-equity ratio of 1.47.

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

Gaming and Leisure Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders 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 yield of 7.0%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 113.04%.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 4,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director owned 129,953 shares of the company’s stock, valued at $5,911,561.97. This represents a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 4.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Stifel Nicolaus set a $47.75 target price on Gaming and Leisure Properties in a research note on Monday, December 15th. Mizuho set a $50.00 price objective on shares of Gaming and Leisure Properties and gave the company an “outperform” rating in a report on Wednesday, December 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Wednesday, October 8th. Cantor Fitzgerald reduced their target price on shares of 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. Finally, JPMorgan Chase & Co. upgraded shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $52.00 to $53.00 in a research note on Friday, December 12th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $51.89.

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.