National Pension Service Acquires 36,572 Shares of Gaming and Leisure Properties, Inc. $GLPI

National Pension Service raised its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 13.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 309,584 shares of the real estate investment trust’s stock after buying an additional 36,572 shares during the quarter. National Pension Service’s holdings in Gaming and Leisure Properties were worth $13,835,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Gaming and Leisure Properties by 41.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 11,382 shares of the real estate investment trust’s stock valued at $509,000 after purchasing an additional 3,351 shares during the period. Intech Investment Management LLC lifted its stake in shares of Gaming and Leisure Properties by 108.2% in the 4th quarter. Intech Investment Management LLC now owns 67,511 shares of the real estate investment trust’s stock valued at $3,017,000 after purchasing an additional 35,087 shares during the period. Baker Avenue Asset Management LP purchased a new position in shares of Gaming and Leisure Properties in the 4th quarter valued at approximately $368,000. Geode Capital Management LLC lifted its stake in shares of Gaming and Leisure Properties by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 7,682,453 shares of the real estate investment trust’s stock valued at $342,677,000 after purchasing an additional 258,596 shares during the period. Finally, Allstate Corp lifted its stake in shares of Gaming and Leisure Properties by 381.2% in the 4th quarter. Allstate Corp now owns 84,537 shares of the real estate investment trust’s stock valued at $3,778,000 after purchasing an additional 66,969 shares during the period. 91.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on GLPI. Mizuho raised their target price on Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. Weiss Ratings upgraded Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 15th. Scotiabank lifted their price objective on Gaming and Leisure Properties from $50.00 to $52.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 12th. Barclays lifted their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Finally, Stifel Nicolaus set a $50.00 price objective on Gaming and Leisure Properties in a research note on Friday, April 24th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $52.50.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI opened at $46.97 on Monday. The stock has a fifty day simple moving average of $46.72 and a two-hundred day simple moving average of $45.87. The stock has a market capitalization of $13.31 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 2.03 and a beta of 0.66. Gaming and Leisure Properties, Inc. has a 12-month low of $41.17 and a 12-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.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. The business had revenue of $419.99 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. On average, research analysts anticipate that Gaming and Leisure Properties, Inc. will post 4 earnings per share for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend is 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 99.05%.

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.