Gaming and Leisure Properties, Inc. $GLPI Shares Purchased by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 0.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,264,391 shares of the real estate investment trust’s stock after acquiring an additional 3,932 shares during the period. Gaming and Leisure Properties accounts for about 1.7% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings, making the stock its 21st biggest position. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned approximately 0.46% of Gaming and Leisure Properties worth $59,022,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Nuveen LLC acquired a new position in Gaming and Leisure Properties during the 1st quarter worth approximately $151,723,000. Invesco Ltd. increased its position in Gaming and Leisure Properties by 127.7% during the 1st quarter. Invesco Ltd. now owns 4,512,234 shares of the real estate investment trust’s stock worth $229,673,000 after purchasing an additional 2,530,463 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Gaming and Leisure Properties by 731.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,212,612 shares of the real estate investment trust’s stock worth $112,622,000 after purchasing an additional 1,946,575 shares during the period. Millennium Management LLC increased its position in Gaming and Leisure Properties by 294.6% during the 1st quarter. Millennium Management LLC now owns 966,925 shares of the real estate investment trust’s stock worth $49,216,000 after purchasing an additional 721,861 shares during the period. Finally, Wellington Management Group LLP increased its position in Gaming and Leisure Properties by 3.1% during the 1st quarter. Wellington Management Group LLP now owns 11,556,825 shares of the real estate investment trust’s stock worth $588,242,000 after purchasing an additional 349,065 shares during the period. Institutional investors and hedge funds own 91.14% of the company’s stock.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total transaction of $139,620.00. Following the sale, the director owned 133,953 shares in the company, valued at approximately $6,234,172.62. This represents a 2.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Scotiabank boosted their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 28th. Macquarie lowered their price target on Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating on the stock in a report on Monday, July 28th. Barclays lowered their price target on Gaming and Leisure Properties from $55.00 to $51.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 20th. Royal Bank Of Canada lowered their price target on Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating on the stock in a report on Monday, July 28th. Finally, Wells Fargo & Company lowered their price target on Gaming and Leisure Properties from $51.00 to $49.00 and set an “equal weight” rating on the stock in a report on Monday, June 2nd. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $52.85.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI opened at $45.74 on Thursday. The business’s fifty day moving average price is $47.03 and its two-hundred day moving average price is $47.57. The stock has a market cap of $12.94 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 10.08 and a beta of 0.73. The company has a debt-to-equity ratio of 1.41, a quick ratio of 7.39 and a current ratio of 7.39. Gaming and Leisure Properties, Inc. has a one year low of $44.48 and a one year high of $52.27.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.01). The company had revenue of $394.90 million for the quarter, compared to analyst estimates of $397.27 million. Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. Gaming and Leisure Properties’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.94 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. On average, analysts forecast 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 announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date is Friday, September 12th. Gaming and Leisure Properties’s dividend payout ratio is 120.93%.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in the provision of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.