Sumitomo Mitsui Trust Group Inc. Lowers Stake in Gaming and Leisure Properties, Inc. $GLPI

Sumitomo Mitsui Trust Group Inc. cut its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 3.5% during the first quarter, Holdings Channel.com reports. The fund owned 1,973,015 shares of the real estate investment trust’s stock after selling 71,583 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Gaming and Leisure Properties were worth $87,543,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lighthouse Investment Partners LLC acquired a new position in shares of Gaming and Leisure Properties during the third quarter valued at approximately $10,117,000. LDR Capital Management LLC purchased a new position in shares of Gaming and Leisure Properties in the fourth quarter valued at approximately $2,392,000. Sound Income Strategies LLC boosted its stake in shares of Gaming and Leisure Properties by 11.7% in the fourth quarter. Sound Income Strategies LLC now owns 415,085 shares of the real estate investment trust’s stock worth $19,235,000 after acquiring an additional 43,501 shares during the last quarter. Bayhunt Capital LLC acquired a new stake in shares of Gaming and Leisure Properties in the fourth quarter worth approximately $14,811,000. Finally, GSA Capital Partners LLP increased its position in shares of Gaming and Leisure Properties by 233.4% during the fourth quarter. GSA Capital Partners LLP now owns 35,715 shares of the real estate investment trust’s stock worth $1,596,000 after purchasing an additional 25,002 shares in the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Insider Buying and Selling at Gaming and Leisure Properties

In related 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 completion of the sale, the director owned 127,429 shares of the company’s stock, valued at approximately $6,157,369.28. This represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 4.11% of the company’s stock.

Gaming and Leisure Properties Price Performance

Shares of GLPI stock traded up $0.14 during trading hours on Friday, reaching $43.18. The company had a trading volume of 3,903,652 shares, compared to its average volume of 2,568,148. 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 debt-to-equity ratio of 1.62, a quick ratio of 6.29 and a current ratio of 6.29. The company has a market capitalization of $12.24 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 1.85 and a beta of 0.66. The stock has a fifty day moving average of $46.28 and a 200-day moving average of $46.25.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. The firm had revenue of $419.99 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. On average, equities 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 company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 7.6%. 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 104.13%.

Analyst Ratings Changes

Several research firms recently commented on GLPI. JPMorgan Chase & Co. reduced their price objective on Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating for the company in a research note on Tuesday, June 30th. UBS Group set a $49.00 target price on shares of Gaming and Leisure Properties in a research note on Thursday, June 18th. Stifel Nicolaus set a $50.00 target price on shares of Gaming and Leisure Properties in a report on Friday, April 24th. Scotiabank decreased their price target 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. Finally, Morgan Stanley boosted their price target 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. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Gaming and Leisure Properties currently has an average rating of “Moderate Buy” and a consensus target price of $52.20.

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.