Gaming and Leisure Properties, Inc. $GLPI Shares Acquired by Legal & General Group Plc

Legal & General Group Plc increased its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 10.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,088,249 shares of the real estate investment trust’s stock after purchasing an additional 199,620 shares during the period. Legal & General Group Plc owned 0.74% of Gaming and Leisure Properties worth $97,479,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC bought a new stake in Gaming and Leisure Properties in the first quarter valued at $151,723,000. Invesco Ltd. grew its position in shares of Gaming and Leisure Properties by 127.7% during the first quarter. Invesco Ltd. now owns 4,512,234 shares of the real estate investment trust’s stock worth $229,673,000 after acquiring an additional 2,530,463 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Gaming and Leisure Properties by 731.7% in 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 acquiring an additional 1,946,575 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Gaming and Leisure Properties in the 2nd quarter valued at about $39,689,000. Finally, Millennium Management LLC lifted its position in Gaming and Leisure Properties by 294.6% in the 1st quarter. Millennium Management LLC now owns 966,925 shares of the real estate investment trust’s stock valued at $49,216,000 after purchasing an additional 721,861 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI opened at $43.02 on Tuesday. Gaming and Leisure Properties, Inc. has a 12 month low of $42.26 and a 12 month high of $52.27. The stock has a market cap of $12.18 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 9.34 and a beta of 0.74. The stock’s 50 day moving average price is $45.15 and its 200 day moving average price is $46.34. The company has a debt-to-equity ratio of 1.47, a current ratio of 13.23 and a quick ratio of 13.23.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results 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. Gaming and Leisure Properties had a return on equity of 16.34% and a net margin of 49.54%.The firm had revenue of $397.61 million during the quarter, compared to analyst estimates of $399.66 million. During the same period last year, the company posted $0.95 EPS. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. Equities 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 company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Friday, December 5th. Gaming and Leisure Properties’s payout ratio is presently 113.04%.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $45.49, for a total value of $181,960.00. Following the completion of the sale, the director directly owned 129,953 shares of the company’s stock, valued at approximately $5,911,561.97. This represents a 2.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.26% of the company’s stock.

Wall Street Analyst Weigh In

GLPI has been the topic of several analyst reports. Royal Bank Of Canada dropped their price target on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating on the stock in a research note on Monday, July 28th. Barclays raised Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $51.00 to $54.00 in a report on Monday, October 20th. Scotiabank lifted their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Thursday, August 28th. Stifel Nicolaus reduced their price target on Gaming and Leisure Properties from $49.50 to $47.50 and set a “hold” rating for the company in a research report on Friday, October 31st. Finally, 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. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Gaming and Leisure Properties presently has a consensus rating of “Hold” and an average target price of $52.38.

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.