AustralianSuper Pty Ltd Sells 129,059 Shares of Gaming and Leisure Properties, Inc. $GLPI

AustralianSuper Pty Ltd trimmed its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 34.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 241,252 shares of the real estate investment trust’s stock after selling 129,059 shares during the period. AustralianSuper Pty Ltd owned about 0.09% of Gaming and Leisure Properties worth $11,245,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of GLPI. Spire Wealth Management lifted its stake in shares of Gaming and Leisure Properties by 62.3% in the 3rd quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 238 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Gaming and Leisure Properties by 89.3% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 655 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 309 shares during the period. Quent Capital LLC bought a new stake in shares of Gaming and Leisure Properties in the third quarter valued at about $31,000. Bayforest Capital Ltd raised its position in shares of Gaming and Leisure Properties by 412.1% in the third quarter. Bayforest Capital Ltd now owns 676 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 544 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in Gaming and Leisure Properties in the 2nd quarter valued at about $39,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and increased their price target for the company from $52.00 to $53.00 in a research note on Friday, December 12th. Morgan Stanley boosted their price target on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 24th. Scotiabank cut their price objective on Gaming and Leisure Properties from $50.00 to $48.00 and set a “sector perform” rating for the company in a report on Monday, February 2nd. Mizuho set a $50.00 price target on shares of Gaming and Leisure Properties and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Finally, Barclays boosted their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $51.95.

Gaming and Leisure Properties Stock Performance

Shares of GLPI stock opened at $49.59 on Wednesday. The firm has a market capitalization of $14.04 billion, a PE ratio of 17.04, a P/E/G ratio of 2.75 and a beta of 0.64. Gaming and Leisure Properties, Inc. has a 52 week low of $41.17 and a 52 week high of $52.24. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 1.45. The company has a 50 day moving average price of $45.88 and a 200-day moving average price of $45.56.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.01. Gaming and Leisure Properties had a net margin of 52.24% and a return on equity of 17.10%. The business had revenue of $407.03 million for the quarter, compared to the consensus estimate of $406.02 million. During the same period last year, the firm earned $0.95 earnings per share. The company’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. As a group, equities research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Friday, March 13th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 107.22%.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, CFO Desiree A. Burke sold 9,804 shares of Gaming and Leisure Properties stock in a transaction on Friday, February 27th. The stock was sold at an average price of $49.02, for a total transaction 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director E Scott Urdang sold 4,000 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $47.37, for a total transaction of $189,480.00. Following the transaction, the director owned 130,429 shares in the company, valued at approximately $6,178,421.73. This represents a 2.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 69,042 shares of company stock worth $3,203,844. Corporate insiders own 4.26% of the company’s stock.

About Gaming and Leisure Properties

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.