PensionDanmark Pensionsforsikringsaktieselskab Increases Stock Position in Gaming and Leisure Properties, Inc. $GLPI

PensionDanmark Pensionsforsikringsaktieselskab grew its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 35.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 92,922 shares of the real estate investment trust’s stock after buying an additional 24,453 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Gaming and Leisure Properties were worth $4,138,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of GLPI. V Square Quantitative Management LLC acquired a new stake in shares of Gaming and Leisure Properties in the 4th quarter valued at approximately $29,000. SHP Wealth Management acquired a new position in Gaming and Leisure Properties during the fourth quarter worth $30,000. International Assets Investment Management LLC acquired a new position in Gaming and Leisure Properties during the fourth quarter worth $31,000. Essential Partners LLC raised its position in Gaming and Leisure Properties by 38.2% in the first quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 240 shares in the last quarter. Finally, Blue Trust Inc. purchased a new position in Gaming and Leisure Properties in the first quarter worth $40,000. 91.14% of the stock is owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI opened at $44.14 on Monday. The business’s fifty day moving average price is $45.11 and its two-hundred day moving average price is $46.21. The stock has a market cap of $12.84 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 1.85 and a beta of 0.66. 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, Inc. has a one year low of $41.17 and a one year high of $49.95.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.80. Gaming and Leisure Properties had a return on equity of 19.17% and a net margin of 59.01%.The company had revenue of $430.52 million during the quarter, compared to analysts’ expectations of $428.51 million. During the same period in the previous year, the firm posted $0.96 earnings per share. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. On average, analysts forecast that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend was Friday, June 12th. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. Gaming and Leisure Properties’s dividend payout ratio is presently 96.19%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating for the company in a research report on Tuesday, June 30th. Barclays decreased their price objective on shares of Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Scotiabank lowered 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 research note on Thursday, June 18th. Weiss Ratings upgraded shares of Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 29th. Finally, Wells Fargo & Company cut their target price on shares of Gaming and Leisure Properties from $48.00 to $45.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 15th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Gaming and Leisure Properties presently has a consensus rating of “Hold” and an average target price of $50.20.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the company’s stock in a transaction dated 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 directly owned 127,429 shares in the company, valued at approximately $6,157,369.28. This represents a 2.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.11% 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.