Andra AP fonden Sells 150,000 Shares of Gaming and Leisure Properties, Inc. $GLPI

Andra AP fonden decreased its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 38.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 236,200 shares of the real estate investment trust’s stock after selling 150,000 shares during the period. Andra AP fonden’s holdings in Gaming and Leisure Properties were worth $11,009,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Teacher Retirement System of Texas boosted its stake in shares of Gaming and Leisure Properties by 4.0% during the second quarter. Teacher Retirement System of Texas now owns 41,735 shares of the real estate investment trust’s stock valued at $1,948,000 after purchasing an additional 1,621 shares in the last quarter. Assetmark Inc. raised its holdings in Gaming and Leisure Properties by 2,423.7% in the 2nd quarter. Assetmark Inc. now owns 24,959 shares of the real estate investment trust’s stock valued at $1,165,000 after buying an additional 23,970 shares during the last quarter. Retirement Systems of Alabama boosted its position in Gaming and Leisure Properties by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 743,708 shares of the real estate investment trust’s stock worth $34,716,000 after buying an additional 1,940 shares during the period. Amalgamated Bank grew its holdings in Gaming and Leisure Properties by 0.9% during the 2nd quarter. Amalgamated Bank now owns 126,236 shares of the real estate investment trust’s stock worth $5,893,000 after acquiring an additional 1,123 shares during the last quarter. Finally, Versor Investments LP increased its position in Gaming and Leisure Properties by 52.9% in the 2nd quarter. Versor Investments LP now owns 32,627 shares of the real estate investment trust’s stock valued at $1,523,000 after acquiring an additional 11,295 shares during the period. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Performance

Shares of Gaming and Leisure Properties stock opened at $48.91 on Friday. The business has a 50-day simple moving average of $45.69 and a 200 day simple moving average of $45.51. Gaming and Leisure Properties, Inc. has a one year low of $41.17 and a one year high of $52.24. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.84 and a quick ratio of 3.84. The firm has a market capitalization of $13.85 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 2.69 and a beta of 0.67.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, February 19th. The real estate investment trust reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. Gaming and Leisure Properties had a return on equity of 17.10% and a net margin of 52.24%.The company had revenue of $407.03 million for the quarter, compared to analyst estimates of $406.02 million. During the same period in the prior year, the firm earned $0.95 earnings per share. Gaming and Leisure Properties’s revenue for the quarter was up 4.5% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. On average, research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Friday, March 13th. Gaming and Leisure Properties’s dividend payout ratio is currently 107.22%.

Analysts Set New Price Targets

A number of brokerages have recently commented on GLPI. Scotiabank cut their price target on shares of Gaming and Leisure Properties from $50.00 to $48.00 and set a “sector perform” rating on the stock in a report on Monday, February 2nd. Mizuho set a $50.00 target price on Gaming and Leisure Properties and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and upped their price target for the company from $52.00 to $53.00 in a research report on Friday, December 12th. UBS Group reissued a “buy” rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Thursday, January 22nd. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $51.95.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, COO Brandon John Moore sold 16,884 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $48.05, for a total transaction of $811,276.20. Following the transaction, the chief operating officer directly owned 257,874 shares in the company, valued at approximately $12,390,845.70. This trade represents a 6.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Steven Ladany sold 18,000 shares of the company’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $44.77, for a total transaction of $805,860.00. Following the completion of the sale, the senior vice president owned 65,099 shares of the company’s stock, valued at approximately $2,914,482.23. The trade was a 21.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 69,042 shares of company stock worth $3,203,844 in the last quarter. 4.26% of the stock is owned by insiders.

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.