Prudential PLC decreased its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Free Report) by 72.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,562 shares of the real estate investment trust’s stock after selling 24,546 shares during the quarter. Prudential PLC’s holdings in Gaming and Leisure Properties were worth $427,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GLPI. Barclays PLC grew its holdings in Gaming and Leisure Properties by 1,525.0% in the 3rd quarter. Barclays PLC now owns 4,033,903 shares of the real estate investment trust’s stock valued at $188,020,000 after buying an additional 3,785,669 shares during the period. Norges Bank purchased a new stake in Gaming and Leisure Properties in the 4th quarter valued at about $167,743,000. Goldman Sachs Group Inc. grew its holdings in Gaming and Leisure Properties by 629.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,483,123 shares of the real estate investment trust’s stock valued at $110,971,000 after buying an additional 2,142,511 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Gaming and Leisure Properties by 711.8% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,369,851 shares of the real estate investment trust’s stock valued at $110,459,000 after buying an additional 2,077,937 shares during the period. Finally, Bank of America Corp DE grew its holdings in Gaming and Leisure Properties by 175.7% in the 3rd quarter. Bank of America Corp DE now owns 2,364,746 shares of the real estate investment trust’s stock valued at $110,221,000 after buying an additional 1,507,006 shares during the period. Hedge funds and other institutional investors own 91.14% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have commented on GLPI. Barclays lifted their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Weiss Ratings raised Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 15th. Scotiabank lifted their price objective on Gaming and Leisure Properties from $50.00 to $52.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 12th. Stifel Nicolaus set a $50.00 price objective on Gaming and Leisure Properties in a research note on Friday, April 24th. Finally, Royal Bank Of Canada lifted their price objective on Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.89.
Gaming and Leisure Properties Stock Performance
Gaming and Leisure Properties stock opened at $46.55 on Tuesday. The stock’s 50 day moving average price is $46.79 and its 200 day moving average price is $45.95. The firm has a market capitalization of $13.19 billion, a PE ratio of 14.78, a price-to-earnings-growth ratio of 2.04 and a beta of 0.66. The company has a debt-to-equity ratio of 1.62, a quick ratio of 6.29 and a current ratio of 6.29. Gaming and Leisure Properties, Inc. has a one year low of $41.17 and a one year high of $49.95.
Gaming and Leisure Properties (NASDAQ:GLPI – Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 EPS for the quarter, topping the consensus estimate of $0.76 by $0.06. The firm had revenue of $419.99 million for the quarter, compared to analyst estimates 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 for the quarter was up 6.3% on a year-over-year basis. 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, sell-side analysts expect that Gaming and Leisure Properties, Inc. will post 4 EPS for the current fiscal year.
Gaming and Leisure Properties Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be given a dividend of $0.82 per share. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Friday, June 12th. This represents a $3.28 annualized dividend and a yield of 7.0%. Gaming and Leisure Properties’s dividend payout ratio is presently 99.05%.
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.
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