Lasalle Investment Management Securities LLC grew its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Free Report) by 6.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,053,320 shares of the real estate investment trust’s stock after acquiring an additional 132,474 shares during the quarter. Gaming and Leisure Properties comprises approximately 3.7% of Lasalle Investment Management Securities LLC’s investment portfolio, making the stock its 9th biggest position. Lasalle Investment Management Securities LLC’s holdings in Gaming and Leisure Properties were worth $91,763,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of GLPI. First Trust Advisors LP increased its stake in shares of Gaming and Leisure Properties by 78.7% in the 2nd quarter. First Trust Advisors LP now owns 283,963 shares of the real estate investment trust’s stock worth $13,255,000 after acquiring an additional 125,098 shares during the last quarter. Cerity Partners LLC increased its position in shares of Gaming and Leisure Properties by 18.6% during the 2nd quarter. Cerity Partners LLC now owns 10,233 shares of the real estate investment trust’s stock worth $478,000 after purchasing an additional 1,608 shares during the last quarter. Bank of Nova Scotia increased its position in shares of Gaming and Leisure Properties by 16.6% during the 2nd quarter. Bank of Nova Scotia now owns 18,603 shares of the real estate investment trust’s stock worth $868,000 after purchasing an additional 2,646 shares during the last quarter. AXA S.A. increased its position in shares of Gaming and Leisure Properties by 478.5% during the 2nd quarter. AXA S.A. now owns 39,543 shares of the real estate investment trust’s stock worth $1,846,000 after purchasing an additional 32,708 shares during the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of Gaming and Leisure Properties by 276.2% during the 2nd quarter. Squarepoint Ops LLC now owns 70,459 shares of the real estate investment trust’s stock worth $3,289,000 after purchasing an additional 51,731 shares during the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
GLPI has been the subject of a number of recent analyst reports. Stifel Nicolaus set a $50.00 price objective on Gaming and Leisure Properties in a research report on Friday, April 24th. Mizuho raised their price objective on Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. Royal Bank Of Canada raised their price objective on Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Weiss Ratings raised Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 15th. Finally, Scotiabank raised their price objective on Gaming and Leisure Properties from $50.00 to $52.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 12th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.50.
Gaming and Leisure Properties Stock Performance
NASDAQ GLPI opened at $46.97 on Monday. The company has a market cap of $13.31 billion, a P/E ratio of 14.91, a P/E/G ratio of 2.03 and a beta of 0.66. The company has a debt-to-equity ratio of 1.62, a current ratio of 6.29 and a quick ratio of 6.29. The stock has a 50-day moving average of $46.72 and a two-hundred day moving average of $45.87. Gaming and Leisure Properties, Inc. has a 1-year low of $41.17 and a 1-year high of $49.95.
Gaming and Leisure Properties (NASDAQ:GLPI – Get Free Report) last released its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.06. The company had revenue of $419.99 million during the quarter, compared to the consensus estimate of $417.15 million. Gaming and Leisure Properties had a return on equity of 18.06% and a net margin of 55.56%.Gaming and Leisure Properties’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.96 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. As a group, analysts anticipate that Gaming and Leisure Properties, Inc. will post 4 EPS for the current year.
Gaming and Leisure Properties Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be given a $0.82 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $3.28 annualized dividend and a yield of 7.0%. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. Gaming and Leisure Properties’s dividend payout ratio is presently 99.05%.
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.
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