Dimensional Fund Advisors LP Raises Stock Holdings in Gaming and Leisure Properties, Inc. $GLPI

Dimensional Fund Advisors LP boosted its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 3.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,107,048 shares of the real estate investment trust’s stock after purchasing an additional 147,375 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.45% of Gaming and Leisure Properties worth $191,432,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rakuten Investment Management Inc. bought a new position in shares of Gaming and Leisure Properties in the 3rd quarter worth about $1,162,000. Sumitomo Mitsui Trust Group Inc. lifted its position in Gaming and Leisure Properties by 6.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,998,574 shares of the real estate investment trust’s stock valued at $93,154,000 after acquiring an additional 124,745 shares during the period. National Pension Service boosted its stake in Gaming and Leisure Properties by 26.6% during the third quarter. National Pension Service now owns 273,012 shares of the real estate investment trust’s stock worth $12,725,000 after acquiring an additional 57,282 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in Gaming and Leisure Properties during the second quarter worth about $124,785,000. Finally, AGF Management Ltd. grew its holdings in Gaming and Leisure Properties by 18.1% in the second quarter. AGF Management Ltd. now owns 65,248 shares of the real estate investment trust’s stock worth $3,046,000 after purchasing an additional 9,992 shares during the period. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Price Performance

Shares of GLPI opened at $48.91 on Monday. Gaming and Leisure Properties, Inc. has a twelve month low of $41.17 and a twelve month high of $52.24. The company has a market capitalization of $13.85 billion, a P/E ratio of 16.81, a price-to-earnings-growth ratio of 2.70 and a beta of 0.64. The firm has a 50 day moving average of $46.16 and a 200 day moving average of $45.61. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 1.45.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.01. Gaming and Leisure Properties had a return on equity of 17.10% and a net margin of 52.24%.The business had revenue of $407.03 million for the quarter, compared to analysts’ expectations of $406.02 million. During the same period in the prior year, the firm posted $0.95 EPS. The firm’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 anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Friday, March 13th. Gaming and Leisure Properties’s dividend payout ratio is presently 107.22%.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, SVP Steven Ladany sold 18,000 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $44.77, for a total value of $805,860.00. Following the completion of the transaction, the senior vice president owned 65,099 shares of the company’s stock, valued at approximately $2,914,482.23. The trade was a 21.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Brandon John Moore sold 16,884 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $48.05, for a total transaction of $811,276.20. Following the transaction, the chief operating officer owned 257,874 shares in the company, valued at $12,390,845.70. This represents a 6.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 69,042 shares of company stock valued at $3,203,844. Company insiders own 4.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GLPI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 22nd. Barclays upped their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Scotiabank reduced 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 research report on Monday, February 2nd. 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. Finally, Stifel Nicolaus set a $48.50 target price on Gaming and Leisure Properties in a report on Thursday, February 12th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $51.95.

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.