Swiss Life Asset Management Ltd Reduces Stock Holdings in Gaming and Leisure Properties, Inc. $GLPI

Swiss Life Asset Management Ltd reduced its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 23.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 36,759 shares of the real estate investment trust’s stock after selling 11,253 shares during the period. Swiss Life Asset Management Ltd’s holdings in Gaming and Leisure Properties were worth $1,643,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of GLPI. V Square Quantitative Management LLC purchased a new stake in shares of Gaming and Leisure Properties during the 4th quarter valued at about $29,000. Quent Capital LLC acquired a new stake in Gaming and Leisure Properties during the 3rd quarter valued at $31,000. International Assets Investment Management LLC acquired a new stake in Gaming and Leisure Properties during the 4th quarter valued at $31,000. Bayforest Capital Ltd grew its holdings in Gaming and Leisure Properties by 412.1% during the 3rd quarter. Bayforest Capital Ltd now owns 676 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 544 shares in the last quarter. Finally, True Wealth Design LLC grew its holdings in 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 in the last quarter. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Trading Down 1.0%

GLPI opened at $46.38 on Friday. The stock has a market capitalization of $13.15 billion, a PE ratio of 14.72, a P/E/G ratio of 2.03 and a beta of 0.68. The firm’s fifty day moving average price is $46.85 and its 200 day moving average price is $45.65. The company has a debt-to-equity ratio of 1.62, a current ratio of 6.29 and a quick ratio of 6.29. Gaming and Leisure Properties, Inc. has a 12-month low of $41.17 and a 12-month high of $49.95.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.06. The firm had revenue of $419.99 million for the quarter, compared to analysts’ expectations of $417.15 million. Gaming and Leisure Properties had a net margin of 55.56% and a return on equity of 18.06%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. As a group, research analysts expect that Gaming and Leisure Properties, Inc. will post 4 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Friday, March 13th. Gaming and Leisure Properties’s payout ratio is currently 99.05%.

Insider Activity at Gaming and Leisure Properties

In related 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 value of $480,592.08. Following the completion of the sale, the chief financial officer directly owned 128,352 shares of the company’s stock, valued at $6,291,815.04. The trade was a 7.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Brandon John Moore sold 16,884 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $48.05, for a total value of $811,276.20. Following the completion of the sale, the chief operating officer directly owned 257,874 shares of the company’s stock, valued at approximately $12,390,845.70. This represents a 6.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 32,178 shares of company stock valued at $1,552,938 over the last three months. 4.11% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GLPI. Barclays raised their price target on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Scotiabank raised their price target on shares of Gaming and Leisure Properties from $50.00 to $52.00 and gave the company a “sector perform” rating in a report on Tuesday. Royal Bank Of Canada increased their price target on Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Stifel Nicolaus set a $50.00 price target on Gaming and Leisure Properties in a report on Friday, April 24th. Finally, Weiss Ratings downgraded Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 1st. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $52.50.

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.