Gaming and Leisure Properties, Inc. $GLPI Shares Purchased by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich boosted its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 24.5% in the 1st quarter, Holdings Channel reports. The fund owned 1,813,066 shares of the real estate investment trust’s stock after purchasing an additional 356,476 shares during the period. Gaming and Leisure Properties makes up about 2.0% of Munich Reinsurance Co Stock Corp in Munich’s investment portfolio, making the stock its 12th biggest position. Munich Reinsurance Co Stock Corp in Munich’s holdings in Gaming and Leisure Properties were worth $80,446,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GLPI. V Square Quantitative Management LLC purchased a new position in shares of Gaming and Leisure Properties during the 4th quarter worth $29,000. SHP Wealth Management purchased a new stake in shares of Gaming and Leisure Properties in the fourth quarter valued at $30,000. International Assets Investment Management LLC purchased a new stake in shares of Gaming and Leisure Properties in the fourth quarter valued at $31,000. True Wealth Design LLC increased its stake in Gaming and Leisure Properties by 238.3% in the fourth quarter. True Wealth Design LLC now owns 866 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 610 shares during the last quarter. Finally, Blue Trust Inc. purchased a new position in Gaming and Leisure Properties during the first quarter worth about $40,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Gaming and Leisure Properties Price Performance

Shares of Gaming and Leisure Properties stock opened at $42.91 on Thursday. The business’s fifty day moving average price is $46.48 and its 200 day moving average price is $46.28. Gaming and Leisure Properties, Inc. has a twelve month low of $41.17 and a twelve month high of $49.95. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $12.16 billion, a P/E ratio of 13.62, a PEG ratio of 1.90 and a beta of 0.66.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 EPS for the quarter, topping the consensus estimate of $0.76 by $0.06. The company had revenue of $419.99 million during the quarter, compared to analyst estimates of $417.15 million. Gaming and Leisure Properties had a return on equity of 18.06% and a net margin of 55.56%.The firm’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. As a group, research analysts anticipate that Gaming and Leisure Properties, Inc. will post 4.01 earnings per share for the current year.

Gaming and Leisure Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a dividend of $0.82 per share. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Friday, June 12th. This represents a $3.28 dividend on an annualized basis and a yield of 7.6%. Gaming and Leisure Properties’s dividend payout ratio is currently 104.13%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GLPI. Weiss Ratings lowered Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Stifel Nicolaus set a $50.00 price objective on shares of Gaming and Leisure Properties in a report on Friday, April 24th. Scotiabank cut their price objective on shares of Gaming and Leisure Properties from $52.00 to $49.00 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. Morgan Stanley raised 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. Finally, JPMorgan Chase & Co. lowered 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 report on Tuesday, June 30th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $52.20.

Insider Buying and Selling

In related news, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total value of $144,960.00. Following the transaction, the director owned 127,429 shares in the company, valued at approximately $6,157,369.28. This trade represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.11% of the company’s stock.

About Gaming and Leisure Properties

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.