Brevan Howard Capital Management LP Has $3.17 Million Position in Gaming and Leisure Properties, Inc. $GLPI

Brevan Howard Capital Management LP grew its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 45.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,961 shares of the real estate investment trust’s stock after acquiring an additional 21,281 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Gaming and Leisure Properties were worth $3,168,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of GLPI. ProShare Advisors LLC boosted its stake in Gaming and Leisure Properties by 4.2% during the 2nd quarter. ProShare Advisors LLC now owns 12,185 shares of the real estate investment trust’s stock worth $569,000 after acquiring an additional 494 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Gaming and Leisure Properties by 9.2% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 160,616 shares of the real estate investment trust’s stock worth $7,498,000 after purchasing an additional 13,490 shares during the period. Foundations Investment Advisors LLC raised its holdings in Gaming and Leisure Properties by 19.0% in the second quarter. Foundations Investment Advisors LLC now owns 8,007 shares of the real estate investment trust’s stock worth $374,000 after purchasing an additional 1,280 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Gaming and Leisure Properties by 3.9% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 156,112 shares of the real estate investment trust’s stock worth $7,287,000 after purchasing an additional 5,795 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Gaming and Leisure Properties by 279.9% during the second quarter. SG Americas Securities LLC now owns 18,028 shares of the real estate investment trust’s stock worth $842,000 after purchasing an additional 13,283 shares in the last quarter. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Desiree A. Burke sold 9,804 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $49.02, for a total value of $480,592.08. Following the completion of the transaction, the chief financial officer directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Steven Ladany sold 13,409 shares of the business’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $45.04, for a total transaction of $603,941.36. Following the transaction, the senior vice president owned 57,886 shares in the company, valued at approximately $2,607,185.44. The trade was a 18.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 69,042 shares of company stock worth $3,203,844. 4.26% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Thursday, January 22nd. Morgan Stanley lifted their target price on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 24th. UBS Group reissued a “buy” rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 8th. Stifel Nicolaus set a $48.50 price target on Gaming and Leisure Properties in a report on Thursday, February 12th. Finally, Barclays dropped their price target on Gaming and Leisure Properties from $53.00 to $52.00 and set an “overweight” rating on the stock in a research report on Friday. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $52.32.

Gaming and Leisure Properties Trading Down 0.1%

Gaming and Leisure Properties stock opened at $47.53 on Tuesday. The company has a market cap of $13.46 billion, a price-to-earnings ratio of 16.33, a P/E/G ratio of 2.12 and a beta of 0.64. The firm has a 50-day moving average of $46.56 and a 200-day moving average of $45.62. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.84 and a quick ratio of 3.84. Gaming and Leisure Properties, Inc. has a one year low of $41.17 and a one year high of $51.44.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, February 19th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. Gaming and Leisure Properties had a return on equity of 17.10% and a net margin of 52.24%.The business had revenue of $407.03 million for the quarter, compared to the consensus estimate of $406.02 million. During the same quarter in the previous year, the business earned $0.95 earnings per share. Gaming and Leisure Properties’s quarterly revenue 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. On average, equities analysts expect 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 business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.12 annualized dividend and a dividend yield of 6.6%. Gaming and Leisure Properties’s payout ratio is 107.22%.

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.