Swiss National Bank Cuts Stake in Gaming and Leisure Properties, Inc. $GLPI

Swiss National Bank lowered its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 4.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 792,045 shares of the real estate investment trust’s stock after selling 39,800 shares during the period. Swiss National Bank’s holdings in Gaming and Leisure Properties were worth $36,917,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Spire Wealth Management raised its position in Gaming and Leisure Properties by 62.3% in the third quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 238 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of Gaming and Leisure Properties by 89.3% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 655 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 309 shares during the period. Quent Capital LLC purchased a new stake in shares of Gaming and Leisure Properties during the 3rd quarter worth approximately $31,000. Bayforest Capital Ltd raised its holdings in shares of Gaming and Leisure Properties by 412.1% in the 3rd quarter. Bayforest Capital Ltd now owns 676 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 544 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new position in Gaming and Leisure Properties in the second quarter valued at approximately $39,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Analyst Ratings Changes

GLPI has been the subject of a number of recent research reports. Morgan Stanley raised their target price on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 22nd. JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $52.00 to $53.00 in a report on Friday, December 12th. Barclays increased their target price 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. Finally, Royal Bank Of Canada lifted their price target on Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.41.

Gaming and Leisure Properties Price Performance

Shares of Gaming and Leisure Properties stock traded down $0.21 on Friday, reaching $48.15. The stock had a trading volume of 348,037 shares, compared to its average volume of 2,429,499. The business’s 50 day moving average is $46.45 and its two-hundred day moving average is $45.66. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 1.45. Gaming and Leisure Properties, Inc. has a 1 year low of $41.17 and a 1 year high of $51.44. The company has a market cap of $13.64 billion, a P/E ratio of 16.52, a price-to-earnings-growth ratio of 2.13 and a beta of 0.64.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $0.99 EPS for the quarter, beating the consensus estimate of $0.98 by $0.01. The company had revenue of $407.03 million during the quarter, compared to analysts’ expectations of $406.02 million. Gaming and Leisure Properties had a net margin of 52.24% and a return on equity of 17.10%. Gaming and Leisure Properties’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.95 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. As a group, research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

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 given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Friday, March 13th. Gaming and Leisure Properties’s payout ratio is 107.22%.

Insider Activity

In related news, SVP Steven Ladany sold 18,000 shares of the stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $44.77, for a total value of $805,860.00. Following the sale, the senior vice president owned 65,099 shares in the company, valued at approximately $2,914,482.23. This trade represents a 21.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Desiree A. Burke sold 9,804 shares of Gaming and Leisure Properties stock in a transaction on Friday, February 27th. The shares were sold at an average price of $49.02, for a total value of $480,592.08. Following the sale, the chief financial officer directly owned 128,352 shares of the company’s stock, valued at $6,291,815.04. This represents a 7.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 69,042 shares of company stock worth $3,203,844. Company insiders own 4.26% of the company’s stock.

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.