The Manufacturers Life Insurance Company Has $21.04 Million Stock Position in Gaming and Leisure Properties, Inc. $GLPI

The Manufacturers Life Insurance Company increased its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 29.9% in the 2nd quarter, Holdings Channel reports. The fund owned 472,446 shares of the real estate investment trust’s stock after purchasing an additional 108,741 shares during the period. The Manufacturers Life Insurance Company’s holdings in Gaming and Leisure Properties were worth $21,038,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Gaming and Leisure Properties during the 2nd quarter worth about $1,596,811,000. California State Teachers Retirement System increased its holdings in shares of Gaming and Leisure Properties by 2,755.7% in the 2nd quarter. California State Teachers Retirement System now owns 18,121,617 shares of the real estate investment trust’s stock valued at $806,956,000 after purchasing an additional 17,487,046 shares during the period. Cohen & Steers Inc. purchased a new stake in shares of Gaming and Leisure Properties in the fourth quarter worth approximately $313,242,000. Norges Bank purchased a new stake in shares of Gaming and Leisure Properties in the fourth quarter worth approximately $167,743,000. Finally, Deutsche Bank AG acquired a new stake in shares of Gaming and Leisure Properties during the second quarter worth approximately $151,300,000. 91.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director Earl C. Shanks acquired 10,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Tuesday, August 18th. The stock was acquired at an average price of $42.24 per share, with a total value of $422,400.00. Following the purchase, the director owned 107,259 shares in the company, valued at approximately $4,530,620.16. This trade represents a 10.28% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.11% of the company’s stock.

Gaming and Leisure Properties Trading Down 1.8%

Shares of NASDAQ GLPI opened at $40.24 on Friday. The business has a 50 day simple moving average of $43.42 and a 200 day simple moving average of $45.63. Gaming and Leisure Properties, Inc. has a 52 week low of $40.01 and a 52 week high of $49.95. The stock has a market cap of $11.71 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 1.68 and a beta of 0.65. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.74 and a current ratio of 4.74.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. The firm had revenue of $430.52 million for the quarter, compared to analyst estimates of $428.51 million. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. On average, research analysts predict that Gaming and Leisure Properties, Inc. will post 4.03 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, September 25th. Stockholders of record on Friday, September 11th will be issued a dividend of $0.82 per share. The ex-dividend date is Friday, September 11th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 8.2%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 96.19%.

Analyst Ratings Changes

A number of research analysts recently commented on GLPI shares. Raymond James Financial reaffirmed an “outperform” rating and set a $47.00 price objective on shares of Gaming and Leisure Properties in a research report on Thursday, August 13th. Morgan Stanley increased their target price on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. JPMorgan Chase & Co. decreased their target price on shares of Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating for the company in a research note on Tuesday, June 30th. Royal Bank Of Canada lowered their price target on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “outperform” rating on the stock in a report on Monday, August 3rd. Finally, Barclays dropped their price target on shares of Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.27.

Gaming and Leisure Properties Company Profile

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust that owns, acquires and leases gaming-related properties. Its portfolio primarily consists of casinos and other properties used for gaming, entertainment and hospitality activities.

GLPI generally leases its properties to gaming operators under long-term, triple-net lease agreements. Under these arrangements, tenants typically operate the properties and are responsible for expenses such as maintenance, insurance and property taxes, while GLPI focuses on owning and managing the underlying real estate.

The company was established in 2013 through the spin-off of gaming properties from Penn National Gaming, now known as PENN Entertainment.