Intech Investment Management LLC Acquires 35,087 Shares of Gaming and Leisure Properties, Inc. $GLPI

Intech Investment Management LLC raised its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 108.2% in the fourth quarter, HoldingsChannel reports. The firm owned 67,511 shares of the real estate investment trust’s stock after buying an additional 35,087 shares during the quarter. Intech Investment Management LLC’s holdings in Gaming and Leisure Properties were worth $3,017,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in shares of Gaming and Leisure Properties during the 4th quarter valued at about $29,000. International Assets Investment Management LLC bought a new stake in shares of Gaming and Leisure Properties during the 4th quarter valued at about $31,000. True Wealth Design LLC grew its stake in shares of Gaming and Leisure Properties by 238.3% during the 4th quarter. True Wealth Design LLC now owns 866 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 610 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Gaming and Leisure Properties by 107.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 887 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 460 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in shares of Gaming and Leisure Properties by 48.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,212 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 394 shares during the period. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Stock Down 0.9%

NASDAQ GLPI opened at $46.39 on Wednesday. The stock’s 50 day moving average is $46.72 and its 200 day moving average is $45.88. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties, Inc. has a 12 month low of $41.17 and a 12 month high of $49.95. The stock has a market cap of $13.15 billion, a PE ratio of 14.73, a P/E/G ratio of 2.02 and a beta of 0.66.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 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 company had revenue of $419.99 million for the quarter, compared to analysts’ expectations of $417.15 million. During the same period in the previous year, the firm earned $0.96 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. Research analysts predict that Gaming and Leisure Properties, Inc. will post 4 EPS for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $3.28 dividend on an annualized basis and a yield of 7.1%. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. Gaming and Leisure Properties’s payout ratio is presently 99.05%.

Analysts Set New Price Targets

A number of research firms have issued reports on GLPI. Scotiabank boosted their price target on Gaming and Leisure Properties from $50.00 to $52.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 12th. Barclays boosted their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Mizuho boosted their price objective on Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. Stifel Nicolaus set a $50.00 price objective on Gaming and Leisure Properties in a research note on Friday, April 24th. Finally, Royal Bank Of Canada boosted their price objective on Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average 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.