Intech Investment Management LLC Buys 17,803 Shares of Gaming and Leisure Properties, Inc. $GLPI

Intech Investment Management LLC increased its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 121.8% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 32,424 shares of the real estate investment trust’s stock after purchasing an additional 17,803 shares during the period. Intech Investment Management LLC’s holdings in Gaming and Leisure Properties were worth $1,511,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Gaming and Leisure Properties by 2.4% during 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 buying an additional 899,273 shares during the period. Dodge & Cox boosted its position in shares of Gaming and Leisure Properties by 0.8% in the second quarter. Dodge & Cox now owns 13,618,357 shares of the real estate investment trust’s stock valued at $635,705,000 after acquiring an additional 108,748 shares during the period. Geode Capital Management LLC grew its stake in Gaming and Leisure Properties by 7.5% during the second 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 acquiring an additional 483,174 shares in the last quarter. Invesco Ltd. increased its holdings in Gaming and Leisure Properties by 3.2% during the 2nd quarter. Invesco Ltd. now owns 4,657,406 shares of the real estate investment trust’s stock worth $217,408,000 after acquiring an additional 145,172 shares during the period. Finally, Norges Bank bought a new stake in Gaming and Leisure Properties during the 2nd quarter worth approximately $175,169,000. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Price Performance

GLPI opened at $49.36 on Friday. The stock has a 50-day moving average price of $46.08 and a 200-day moving average price of $45.61. Gaming and Leisure Properties, Inc. has a 12-month low of $41.17 and a 12-month high of $52.24. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $13.98 billion, a P/E ratio of 16.96, a PEG ratio of 2.75 and a beta of 0.64.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. The company had revenue of $407.03 million for the quarter, compared to analysts’ expectations of $406.02 million. Gaming and Leisure Properties had a return on equity of 17.10% and a net margin of 52.24%.Gaming and Leisure Properties’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $0.95 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. Equities 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Friday, March 13th. Gaming and Leisure Properties’s payout ratio is presently 107.22%.

Analyst Ratings Changes

GLPI has been the subject of several analyst reports. Morgan Stanley raised their price target on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday, December 24th. Barclays increased their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Thursday, January 22nd. Cantor Fitzgerald lowered their price target 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. Finally, Stifel Nicolaus set a $48.50 price target on Gaming and Leisure Properties in a research report on Thursday, February 12th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.95.

Insider Buying and Selling at Gaming and Leisure Properties

In related news, CFO Desiree A. Burke sold 9,804 shares of the stock in a transaction 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 transaction, the chief financial officer owned 128,352 shares of the company’s stock, valued at approximately $6,291,815.04. This trade represents a 7.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director E Scott Urdang sold 4,000 shares of Gaming and Leisure Properties stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $47.37, for a total transaction of $189,480.00. Following the completion of the transaction, the director owned 130,429 shares in the company, valued at approximately $6,178,421.73. The trade was a 2.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 69,042 shares of company stock worth $3,203,844 over the last 90 days. Company 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.