Gaming and Leisure Properties, Inc. $GLPI Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lessened its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 32.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 234,484 shares of the real estate investment trust’s stock after selling 114,384 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.08% of Gaming and Leisure Properties worth $8,903,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GLPI. BlackRock Inc. acquired a new stake in Gaming and Leisure Properties in the 2nd quarter worth $1,596,811,000. State Street Corp raised its position in shares of Gaming and Leisure Properties by 2.3% during the second quarter. State Street Corp now owns 13,477,304 shares of the real estate investment trust’s stock valued at $600,144,000 after buying an additional 305,154 shares during the last quarter. Jennison Associates LLC raised its position in shares of Gaming and Leisure Properties by 21.7% during the first quarter. Jennison Associates LLC now owns 4,378,409 shares of the real estate investment trust’s stock valued at $194,270,000 after buying an additional 781,198 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Gaming and Leisure Properties by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 4,160,855 shares of the real estate investment trust’s stock valued at $184,614,000 after buying an additional 67,652 shares during the last quarter. Finally, Deutsche Bank AG bought a new stake in shares of Gaming and Leisure Properties in the second quarter valued at about $151,300,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Analyst Upgrades and Downgrades

GLPI has been the topic of several research reports. Truist Financial lowered their price target on Gaming and Leisure Properties from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday. Citigroup reiterated a “market outperform” rating on shares of Gaming and Leisure Properties in a research report on Friday, October 2nd. Morgan Stanley decreased their price objective on Gaming and Leisure Properties from $55.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, September 17th. JPMorgan Chase & Co. cut Gaming and Leisure Properties from an “overweight” rating to a “neutral” rating and set a $46.00 price objective on the stock. in a research report on Thursday, September 24th. Finally, Mizuho cut their target price on Gaming and Leisure Properties from $53.00 to $48.00 and set an “outperform” rating for the company in a research note on Wednesday, September 2nd. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Gaming and Leisure Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.69.

Gaming and Leisure Properties Stock Down 1.2%

Shares of GLPI opened at $39.55 on Friday. The company has a market capitalization of $11.51 billion, a P/E ratio of 11.60, a PEG ratio of 1.65 and a beta of 0.65. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.74 and a quick ratio of 4.74. Gaming and Leisure Properties, Inc. has a one year low of $37.33 and a one year high of $49.95. The business’s 50 day simple moving average is $40.26 and its 200-day simple moving average is $43.91.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates of $0.80. Gaming and Leisure Properties had a return on equity of 19.17% and a net margin of 59.01%. The business had revenue of $430.52 million for the quarter, compared to analyst estimates of $428.51 million. During the same period in the prior year, the company earned $0.96 EPS. Gaming and Leisure Properties’s revenue for the quarter was up 9.0% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. As a group, sell-side analysts predict that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 8.3%. The ex-dividend date was Friday, September 11th. Gaming and Leisure Properties’s dividend payout ratio is presently 96.19%.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director Earl C. Shanks bought 10,000 shares of the stock in a transaction dated Tuesday, August 18th. The stock was bought at an average cost of $42.24 per share, for a total transaction of $422,400.00. Following the completion of the purchase, the director owned 107,259 shares in the company, valued at $4,530,620.16. This represents a 10.28% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.11% of the company’s stock.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust that owns and leases gaming and entertainment properties. The company primarily operates as a landlord, generating rental income through long-term agreements with casino operators rather than directly managing most of the gaming facilities located on its properties.

GLPI’s portfolio includes casinos, resorts, racetracks and related entertainment facilities across the United States. Its leases are generally structured as triple-net agreements, under which tenants are typically responsible for property-level expenses such as maintenance, insurance and real estate taxes.