Mitsubishi UFJ Asset Management Co. Ltd. Raises Stock Holdings in Gaming and Leisure Properties, Inc. $GLPI

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 4.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 452,095 shares of the real estate investment trust’s stock after purchasing an additional 18,008 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.16% of Gaming and Leisure Properties worth $21,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of GLPI. Teacher Retirement System of Texas increased its holdings in shares of Gaming and Leisure Properties by 4.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 41,735 shares of the real estate investment trust’s stock worth $1,948,000 after buying an additional 1,621 shares during the last quarter. Assetmark Inc. grew its position in Gaming and Leisure Properties by 2,423.7% in the second quarter. Assetmark Inc. now owns 24,959 shares of the real estate investment trust’s stock worth $1,165,000 after acquiring an additional 23,970 shares in the last quarter. Amalgamated Bank increased its stake in Gaming and Leisure Properties by 0.9% in the second quarter. Amalgamated Bank now owns 126,236 shares of the real estate investment trust’s stock valued at $5,893,000 after acquiring an additional 1,123 shares during the last quarter. Versor Investments LP increased its stake in Gaming and Leisure Properties by 52.9% in the second quarter. Versor Investments LP now owns 32,627 shares of the real estate investment trust’s stock valued at $1,523,000 after acquiring an additional 11,295 shares during the last quarter. Finally, State of Michigan Retirement System raised its position in Gaming and Leisure Properties by 7.6% during the second quarter. State of Michigan Retirement System now owns 70,700 shares of the real estate investment trust’s stock valued at $3,300,000 after purchasing an additional 5,000 shares in the last quarter. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Stock Performance

NASDAQ:GLPI opened at $48.91 on Monday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 3.84 and a current ratio of 3.84. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.17 and a fifty-two week high of $52.24. The firm has a market cap of $13.85 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 2.70 and a beta of 0.64. The business has a 50 day moving average price of $45.69 and a 200-day moving average price of $45.51.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, February 19th. The real estate investment trust reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. Gaming and Leisure Properties had a net margin of 52.24% and a return on equity of 17.10%. The company had revenue of $407.03 million for the quarter, compared to the consensus estimate of $406.02 million. During the same period in the previous year, the firm earned $0.95 earnings per share. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. Equities research analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Friday, March 13th. Gaming and Leisure Properties’s dividend payout ratio is 107.22%.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $52.00 to $53.00 in a research report on Friday, December 12th. Mizuho set a $50.00 price target on shares of Gaming and Leisure Properties and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Weiss Ratings restated 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 company an “equal weight” rating in a report on Wednesday, December 24th. Finally, Barclays lifted their target price on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.95.

Insider Activity

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $47.37, for a total transaction of $189,480.00. Following the completion of the transaction, the director owned 130,429 shares of the company’s stock, valued at $6,178,421.73. This represents a 2.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Desiree A. Burke sold 9,804 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $49.02, for a total value of $480,592.08. Following the completion of the sale, the chief financial officer owned 128,352 shares of the company’s stock, valued at approximately $6,291,815.04. This trade represents a 7.10% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 69,042 shares of company stock valued at $3,203,844. 4.26% of the stock is currently owned by insiders.

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.