Gaming and Leisure Properties, Inc. $GLPI Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 577,049 shares of the real estate investment trust’s stock after purchasing an additional 16,973 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.20% of Gaming and Leisure Properties worth $26,896,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. AE Wealth Management LLC boosted its stake in Gaming and Leisure Properties by 38.0% during the 2nd quarter. AE Wealth Management LLC now owns 10,871 shares of the real estate investment trust’s stock valued at $507,000 after purchasing an additional 2,993 shares in the last quarter. Aviva PLC bought a new position in Gaming and Leisure Properties during the second quarter valued at about $9,085,000. ProShare Advisors LLC boosted its stake in Gaming and Leisure Properties by 4.2% during the second quarter. ProShare Advisors LLC now owns 12,185 shares of the real estate investment trust’s stock valued at $569,000 after buying an additional 494 shares in the last quarter. National Pension Service grew its holdings in Gaming and Leisure Properties by 1.7% during the second quarter. National Pension Service now owns 215,730 shares of the real estate investment trust’s stock worth $10,070,000 after acquiring an additional 3,570 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in Gaming and Leisure Properties by 9.2% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 160,616 shares of the real estate investment trust’s stock worth $7,498,000 after acquiring an additional 13,490 shares in the last quarter. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Performance

Shares of GLPI opened at $48.31 on Friday. The company has a market capitalization of $13.68 billion, a PE ratio of 16.60, a PEG ratio of 2.13 and a beta of 0.64. The company has a debt-to-equity ratio of 1.45, a quick ratio of 3.84 and a current ratio of 3.84. The company’s 50 day moving average price is $46.45 and its 200 day moving average price is $45.66. Gaming and Leisure Properties, Inc. has a 52 week low of $41.17 and a 52 week high of $51.44.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its earnings results on Thursday, February 19th. The real estate investment trust reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. The firm had revenue of $407.03 million for the quarter, compared to the consensus estimate of $406.02 million. Gaming and Leisure Properties had a net margin of 52.24% and a return on equity of 17.10%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.95 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. Research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, March 13th. This represents a $3.12 annualized dividend and a yield of 6.5%. Gaming and Leisure Properties’s dividend payout ratio is presently 107.22%.

Wall Street Analyst Weigh In

A number of research firms recently commented on GLPI. Stifel Nicolaus set a $48.50 target price on shares of Gaming and Leisure Properties in a report on Thursday, February 12th. Mizuho upped their price target on Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a report on Wednesday. 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. Barclays raised their price objective 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Thursday, January 22nd. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $52.41.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, SVP Steven Ladany sold 13,409 shares of Gaming and Leisure Properties stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $45.04, for a total value of $603,941.36. Following the transaction, the senior vice president directly owned 57,886 shares of the company’s stock, valued at $2,607,185.44. The trade was a 18.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director E Scott Urdang sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $47.37, for a total value of $189,480.00. Following the transaction, the director owned 130,429 shares of the company’s stock, valued at approximately $6,178,421.73. This trade represents a 2.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 69,042 shares of company stock worth $3,203,844. Corporate insiders own 4.26% of the company’s stock.

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.