Intech Investment Management LLC Increases Holdings in Gaming and Leisure Properties, Inc. $GLPI

Intech Investment Management LLC grew its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 121.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 32,424 shares of the real estate investment trust’s stock after buying an additional 17,803 shares during the quarter. Intech Investment Management LLC’s holdings in Gaming and Leisure Properties were worth $1,511,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Rakuten Investment Management Inc. purchased a new position in Gaming and Leisure Properties during the 3rd quarter valued at $1,162,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Gaming and Leisure Properties by 6.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,998,574 shares of the real estate investment trust’s stock worth $93,154,000 after purchasing an additional 124,745 shares during the period. National Pension Service boosted its stake in shares of Gaming and Leisure Properties by 26.6% during the 3rd quarter. National Pension Service now owns 273,012 shares of the real estate investment trust’s stock valued at $12,725,000 after purchasing an additional 57,282 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Gaming and Leisure Properties during the 2nd quarter valued at about $124,785,000. Finally, AGF Management Ltd. increased its position in shares of Gaming and Leisure Properties by 18.1% during the second quarter. AGF Management Ltd. now owns 65,248 shares of the real estate investment trust’s stock valued at $3,046,000 after buying an additional 9,992 shares during the period. 91.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on GLPI. Morgan Stanley raised their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 24th. Barclays raised their target price on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 22nd. Scotiabank decreased 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. Finally, JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $52.00 to $53.00 in a research report on Friday, December 12th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Gaming and Leisure Properties has an average rating of “Moderate Buy” and a consensus target price of $51.95.

Insider Activity

In other Gaming and Leisure Properties news, SVP Steven Ladany sold 13,409 shares of Gaming and Leisure Properties stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $45.04, for a total value of $603,941.36. Following the completion of the transaction, the senior vice president directly 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Brandon John Moore sold 16,884 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $48.05, for a total transaction of $811,276.20. Following the completion of the transaction, the chief operating officer owned 257,874 shares in the company, valued at approximately $12,390,845.70. This represents a 6.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 69,042 shares of company stock valued at $3,203,844 in the last quarter. 4.26% of the stock is owned by company insiders.

Gaming and Leisure Properties Stock Down 0.8%

GLPI stock opened at $49.36 on Friday. The business has a 50 day moving average of $46.08 and a 200 day moving average of $45.61. The firm has a market cap of $13.98 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 2.75 and a beta of 0.64. 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 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 earnings results on Thursday, February 19th. The real estate investment trust reported $0.99 EPS for the quarter, topping analysts’ consensus estimates 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 firm 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 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. On average, research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors 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 yield of 6.3%. The ex-dividend date of this dividend is Friday, March 13th. Gaming and Leisure Properties’s dividend payout ratio is 107.22%.

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.