Forsta AP Fonden Boosts Stock Position in Gaming and Leisure Properties, Inc. $GLPI

Forsta AP Fonden grew its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 18.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 120,800 shares of the real estate investment trust’s stock after purchasing an additional 19,100 shares during the period. Forsta AP Fonden’s holdings in Gaming and Leisure Properties were worth $5,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Colonial River Investments LLC grew its position in Gaming and Leisure Properties by 2.1% in the fourth quarter. Colonial River Investments LLC now owns 10,893 shares of the real estate investment trust’s stock worth $487,000 after acquiring an additional 227 shares during the period. Northwestern Mutual Investment Management Company LLC grew its position in Gaming and Leisure Properties by 0.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 63,319 shares of the real estate investment trust’s stock worth $2,830,000 after acquiring an additional 237 shares during the period. Kestra Private Wealth Services LLC grew its position in Gaming and Leisure Properties by 0.9% in the third quarter. Kestra Private Wealth Services LLC now owns 27,307 shares of the real estate investment trust’s stock worth $1,273,000 after acquiring an additional 245 shares during the period. Gabelli Funds LLC grew its position in Gaming and Leisure Properties by 0.4% in the fourth quarter. Gabelli Funds LLC now owns 64,782 shares of the real estate investment trust’s stock worth $2,895,000 after acquiring an additional 250 shares during the period. Finally, Pure Financial Advisors LLC grew its position in Gaming and Leisure Properties by 2.9% in the fourth quarter. Pure Financial Advisors LLC now owns 8,943 shares of the real estate investment trust’s stock worth $400,000 after acquiring an additional 255 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 stock opened at $46.80 on Tuesday. The stock’s 50-day moving average is $46.72 and its two-hundred day moving average is $45.88. The firm has a market cap of $13.26 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 2.03 and a beta of 0.66. Gaming and Leisure Properties, Inc. has a 1 year low of $41.17 and a 1 year high of $49.95. The company has a debt-to-equity ratio of 1.62, a quick ratio of 6.29 and a current ratio of 6.29.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. Gaming and Leisure Properties had a return on equity of 18.06% and a net margin of 55.56%.The firm had revenue of $419.99 million for the quarter, compared to analyst estimates of $417.15 million. During the same quarter last year, the company posted $0.96 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. Analysts predict that Gaming and Leisure Properties, Inc. will post 4 earnings per share for the current year.

Gaming and Leisure Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date is Friday, June 12th. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. Gaming and Leisure Properties’s payout ratio is 99.05%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Weiss Ratings upgraded Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 15th. Stifel Nicolaus set a $50.00 price target on Gaming and Leisure Properties in a research note on Friday, April 24th. Scotiabank upped their price target on Gaming and Leisure Properties from $50.00 to $52.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 12th. Royal Bank Of Canada upped their price target on Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. Finally, Barclays upped their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $52.89.

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.