Gaming and Leisure Properties, Inc. $GLPI is Lasalle Investment Management Securities LLC’s 10th Largest Position

Lasalle Investment Management Securities LLC boosted its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 13.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,920,846 shares of the real estate investment trust’s stock after purchasing an additional 234,216 shares during the period. Gaming and Leisure Properties makes up 3.5% of Lasalle Investment Management Securities LLC’s portfolio, making the stock its 10th largest position. Lasalle Investment Management Securities LLC’s holdings in Gaming and Leisure Properties were worth $89,531,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Gaming and Leisure Properties by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 37,905,759 shares of the real estate investment trust’s stock worth $1,766,787,000 after purchasing an additional 899,273 shares during the last quarter. Dodge & Cox grew its holdings in Gaming and Leisure Properties by 0.8% during the second quarter. Dodge & Cox now owns 13,618,357 shares of the real estate investment trust’s stock valued at $635,705,000 after purchasing an additional 108,748 shares during the period. Geode Capital Management LLC increased its position in Gaming and Leisure Properties by 7.5% in the second quarter. Geode Capital Management LLC now owns 6,948,979 shares of the real estate investment trust’s stock worth $323,683,000 after buying an additional 483,174 shares during the last quarter. Invesco Ltd. increased its position in Gaming and Leisure Properties by 3.2% in the second quarter. Invesco Ltd. now owns 4,657,406 shares of the real estate investment trust’s stock worth $217,408,000 after buying an additional 145,172 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Gaming and Leisure Properties in the second quarter valued at $175,169,000. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Stock Performance

NASDAQ GLPI opened at $48.91 on Friday. Gaming and Leisure Properties, Inc. has a 1 year low of $41.17 and a 1 year high of $52.24. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.84 and a quick ratio of 3.84. The stock has a market capitalization of $13.85 billion, a PE ratio of 16.81, a P/E/G ratio of 2.70 and a beta of 0.67. The company’s 50 day simple moving average is $45.69 and its two-hundred day simple moving average is $45.51.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. The firm had revenue of $407.03 million during the quarter, compared to analyst estimates of $406.02 million. Gaming and Leisure Properties had a net margin of 52.24% and a return on equity of 17.10%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.95 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. Analysts predict 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 firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date is Friday, March 13th. Gaming and Leisure Properties’s dividend payout ratio is currently 107.22%.

Insiders Place Their Bets

In other news, CFO Desiree A. Burke sold 9,804 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $49.02, for a total transaction of $480,592.08. Following the completion of the transaction, the chief financial officer owned 128,352 shares of the company’s stock, valued at approximately $6,291,815.04. The trade was a 7.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Brandon John Moore sold 16,884 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $48.05, for a total transaction of $811,276.20. Following the completion of the transaction, the chief operating officer owned 257,874 shares in the company, valued at approximately $12,390,845.70. This trade represents a 6.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 69,042 shares of company stock valued at $3,203,844 over the last 90 days. 4.26% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on GLPI shares. Stifel Nicolaus set a $48.50 price target on Gaming and Leisure Properties in a research note on Thursday, February 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 22nd. Morgan Stanley increased their target price on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 24th. Cantor Fitzgerald lowered their price target on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Finally, UBS Group restated a “buy” rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 8th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.95.

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.