Gaming and Leisure Properties, Inc. $GLPI Shares Acquired by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. increased its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 5.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 873,202 shares of the real estate investment trust’s stock after acquiring an additional 44,450 shares during the period. Duff & Phelps Investment Management Co. owned approximately 0.31% of Gaming and Leisure Properties worth $40,700,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Gaming and Leisure Properties by 2.4% in the third quarter. Vanguard Group Inc. now owns 37,905,759 shares of the real estate investment trust’s stock valued at $1,766,787,000 after acquiring an additional 899,273 shares during the period. Dodge & Cox grew its stake in shares of Gaming and Leisure Properties by 0.8% during the 2nd quarter. Dodge & Cox now owns 13,618,357 shares of the real estate investment trust’s stock worth $635,705,000 after purchasing an additional 108,748 shares during the period. Geode Capital Management LLC increased its holdings in shares of Gaming and Leisure Properties by 7.5% in the 2nd quarter. Geode Capital Management LLC now owns 6,948,979 shares of the real estate investment trust’s stock valued at $323,683,000 after purchasing an additional 483,174 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Gaming and Leisure Properties by 3.2% in the 2nd quarter. Invesco Ltd. now owns 4,657,406 shares of the real estate investment trust’s stock valued at $217,408,000 after purchasing an additional 145,172 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Gaming and Leisure Properties by 3.7% in the third quarter. Dimensional Fund Advisors LP now owns 4,107,048 shares of the real estate investment trust’s stock valued at $191,432,000 after purchasing an additional 147,375 shares during the period. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Insider Activity

In related news, CFO Desiree A. Burke sold 9,804 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $49.02, for a total transaction of $480,592.08. Following the sale, the chief financial officer owned 128,352 shares in the company, valued at approximately $6,291,815.04. This trade represents a 7.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Steven Ladany sold 13,409 shares of the firm’s 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 sale, the senior vice president owned 57,886 shares in the company, valued at approximately $2,607,185.44. This trade represents a 18.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 69,042 shares of company stock valued at $3,203,844. 4.26% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Stifel Nicolaus set a $48.50 price objective on shares of Gaming and Leisure Properties in a report on Thursday, February 12th. Mizuho lifted their price target on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a research report on Wednesday. Scotiabank boosted their price target on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Royal Bank Of Canada upped their price target on Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. Finally, Morgan Stanley raised 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 note on Wednesday, December 24th. Six equities 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, Gaming and Leisure Properties currently has a consensus rating of “Moderate Buy” and an average target price of $52.41.

Gaming and Leisure Properties Stock Performance

NASDAQ GLPI opened at $47.85 on Thursday. 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, Inc. has a fifty-two week low of $41.17 and a fifty-two week high of $51.44. The business has a fifty day moving average of $46.38 and a 200-day moving average of $45.64. The stock has a market cap of $13.55 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 2.16 and a beta of 0.64.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $0.99 EPS for the quarter, beating 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 business had revenue of $407.03 million for the quarter, compared to analyst estimates of $406.02 million. During the same quarter last year, the company earned $0.95 earnings per share. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. As a group, analysts predict 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 company 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. The ex-dividend date is Friday, March 13th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.5%. Gaming and Leisure Properties’s payout ratio is 107.22%.

Gaming and Leisure Properties Company 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.