Gaming and Leisure Properties, Inc. $GLPI Stake Lifted by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 6.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,998,574 shares of the real estate investment trust’s stock after purchasing an additional 124,745 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.71% of Gaming and Leisure Properties worth $93,154,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GLPI. Bayforest Capital Ltd raised its stake in shares of Gaming and Leisure Properties by 412.1% in the 3rd quarter. Bayforest Capital Ltd now owns 676 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 544 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Gaming and Leisure Properties by 3.2% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 85,527 shares of the real estate investment trust’s stock worth $3,986,000 after acquiring an additional 2,657 shares during the period. Oregon Public Employees Retirement Fund raised its position in Gaming and Leisure Properties by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 57,028 shares of the real estate investment trust’s stock worth $2,658,000 after acquiring an additional 1,100 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in Gaming and Leisure Properties by 1.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 312,175 shares of the real estate investment trust’s stock valued at $14,548,000 after acquiring an additional 3,367 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its position in shares of Gaming and Leisure Properties by 156.8% during the 3rd quarter. Benjamin Edwards Inc. now owns 13,884 shares of the real estate investment trust’s stock valued at $647,000 after purchasing an additional 8,478 shares in the last quarter. 91.14% of the stock is owned by institutional investors.

Gaming and Leisure Properties Price Performance

GLPI opened at $45.07 on Wednesday. The firm has a market capitalization of $12.76 billion, a P/E ratio of 16.33, a PEG ratio of 2.49 and a beta of 0.67. The stock has a fifty day moving average of $44.05 and a 200-day moving average of $45.69. The company has a quick ratio of 13.23, a current ratio of 13.23 and a debt-to-equity ratio of 1.47. Gaming and Leisure Properties, Inc. has a 12-month low of $41.17 and a 12-month high of $52.24.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.01. Gaming and Leisure Properties had a return on equity of 16.34% and a net margin of 49.54%.The firm had revenue of $397.61 million for the quarter, compared to analyst estimates of $399.66 million. During the same period in the previous year, the firm earned $0.95 earnings per share. Gaming and Leisure Properties’s quarterly revenue was up 3.2% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. Equities analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 6.9%. The ex-dividend date was Friday, December 5th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 113.04%.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $45.49, for a total value of $181,960.00. Following the transaction, the director owned 129,953 shares in the company, valued at approximately $5,911,561.97. This represents a 2.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Steven Ladany sold 13,409 shares of the stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $45.04, for a total transaction of $603,941.36. Following the completion of the sale, the senior vice president owned 57,886 shares of the company’s stock, valued at approximately $2,607,185.44. The trade was a 18.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 40,864 shares of company stock valued at $1,832,866. 4.26% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on GLPI. UBS Group reissued a “buy” rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 8th. Morgan Stanley increased their price objective on 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. Cantor Fitzgerald decreased their target price on Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $52.00 to $53.00 in a research report on Friday, December 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Wednesday, October 8th. 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.com, the company presently has an average rating of “Moderate Buy” and an average price target of $51.89.

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.