Gaming and Leisure Properties, Inc. $GLPI Stock Holdings Increased by Swiss National Bank

Swiss National Bank boosted its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 10.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 830,545 shares of the real estate investment trust’s stock after purchasing an additional 76,700 shares during the period. Swiss National Bank’s holdings in Gaming and Leisure Properties were worth $36,851,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in shares of Gaming and Leisure Properties in the fourth quarter valued at $29,000. SHP Wealth Management acquired a new stake in shares of Gaming and Leisure Properties during the 4th quarter valued at $30,000. International Assets Investment Management LLC bought a new stake in shares of Gaming and Leisure Properties during the 4th quarter worth $31,000. True Wealth Design LLC grew its holdings in shares of Gaming and Leisure Properties by 238.3% in the 4th quarter. True Wealth Design LLC now owns 866 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 610 shares during the last quarter. Finally, Blue Trust Inc. acquired a new position in shares of Gaming and Leisure Properties in the 1st quarter worth $40,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total transaction of $144,960.00. Following the transaction, the director owned 127,429 shares of the company’s stock, valued at $6,157,369.28. The trade was a 2.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 4.11% of the company’s stock.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI opened at $44.71 on Thursday. The company’s fifty day moving average is $45.74 and its two-hundred day moving average is $46.25. The company has a market cap of $12.67 billion, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 1.97 and a beta of 0.66. Gaming and Leisure Properties, Inc. has a 12-month low of $41.17 and a 12-month high of $49.95. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 1.62.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 EPS for the quarter, topping the consensus estimate 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 business had revenue of $419.99 million during the quarter, compared to analysts’ expectations of $417.15 million. During the same quarter last year, the firm posted $0.96 earnings per share. Gaming and Leisure Properties’s revenue was up 6.3% compared to the same quarter last year. Equities analysts expect that Gaming and Leisure Properties, Inc. will post 4.01 earnings per share for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a $0.82 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $3.28 annualized dividend and a yield of 7.3%. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 104.13%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GLPI. Barclays reduced their target price on Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday. Wells Fargo & Company dropped their price target on Gaming and Leisure Properties from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 15th. UBS Group set a $49.00 price objective on Gaming and Leisure Properties in a report on Thursday, June 18th. Morgan Stanley upped their price objective on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Finally, Weiss Ratings cut shares of Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 17th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Gaming and Leisure Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.27.

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.