Achmea Investment Management B.V. Sells 193,668 Shares of Gaming and Leisure Properties, Inc. $GLPI

Achmea Investment Management B.V. cut its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 72.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,485 shares of the real estate investment trust’s stock after selling 193,668 shares during the quarter. Achmea Investment Management B.V.’s holdings in Gaming and Leisure Properties were worth $3,425,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Rakuten Investment Management Inc. purchased a new position in shares of Gaming and Leisure Properties during the 3rd quarter worth $1,162,000. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Gaming and Leisure Properties by 6.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,998,574 shares of the real estate investment trust’s stock worth $93,154,000 after purchasing an additional 124,745 shares in the last quarter. National Pension Service lifted its holdings in shares of Gaming and Leisure Properties by 26.6% in the third quarter. National Pension Service now owns 273,012 shares of the real estate investment trust’s stock worth $12,725,000 after buying an additional 57,282 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in Gaming and Leisure Properties in the 2nd quarter worth $124,785,000. Finally, Raiffeisen Bank International AG purchased a new stake in shares of Gaming and Leisure Properties in the third quarter worth about $703,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Trading Down 1.3%

Gaming and Leisure Properties stock opened at $46.98 on Thursday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 3.84 and a current ratio of 3.84. The stock has a market cap of $13.31 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.64. The stock has a 50-day moving average of $46.66 and a two-hundred day moving average of $45.63. Gaming and Leisure Properties, Inc. has a one year low of $41.17 and a one year high of $51.44.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly 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. The business had revenue of $407.03 million for the quarter, compared to analyst estimates of $406.02 million. Gaming and Leisure Properties had a return on equity of 17.10% and a net margin of 52.24%.The company’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.95 earnings per share. 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 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, March 13th. This represents a $3.12 dividend on an annualized basis and a yield of 6.6%. Gaming and Leisure Properties’s dividend payout ratio is presently 107.22%.

Wall Street Analysts Forecast Growth

Several research firms have commented on GLPI. Scotiabank increased their price objective on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 10th. Barclays decreased their target price on Gaming and Leisure Properties from $53.00 to $52.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 22nd. Stifel Nicolaus set a $48.50 target price on shares of Gaming and Leisure Properties in a research report on Thursday, February 12th. Finally, Mizuho boosted their price target on Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Gaming and Leisure Properties presently has an average rating of “Moderate Buy” and an average price target of $52.32.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, CFO Desiree A. Burke sold 9,804 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $49.02, for a total value of $480,592.08. Following the completion of the transaction, the chief financial officer owned 128,352 shares of the company’s stock, valued at approximately $6,291,815.04. This trade represents a 7.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Steven Ladany sold 18,000 shares of Gaming and Leisure Properties 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 sale, the senior vice president owned 65,099 shares of the company’s stock, valued at $2,914,482.23. The trade was a 21.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 69,042 shares of company stock worth $3,203,844. Corporate insiders own 4.26% of the company’s stock.

Gaming and Leisure Properties Company 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.