SEB Asset Management AB Makes New $27.86 Million Investment in Gaming and Leisure Properties, Inc. $GLPI

SEB Asset Management AB bought a new position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the first quarter, Holdings Channel reports. The fund bought 627,940 shares of the real estate investment trust’s stock, valued at approximately $27,862,000.

Other institutional investors have also made changes to their positions in the company. Swiss National Bank raised its position in Gaming and Leisure Properties by 10.2% during the first quarter. Swiss National Bank now owns 830,545 shares of the real estate investment trust’s stock valued at $36,851,000 after buying an additional 76,700 shares during the period. Mediolanum International Funds Ltd increased its holdings in Gaming and Leisure Properties by 247.1% in the first quarter. Mediolanum International Funds Ltd now owns 229,355 shares of the real estate investment trust’s stock worth $10,080,000 after buying an additional 163,283 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Gaming and Leisure Properties by 21.7% during the 1st quarter. Jennison Associates LLC now owns 4,378,409 shares of the real estate investment trust’s stock worth $194,270,000 after purchasing an additional 781,198 shares during the last quarter. Kera Capital Partners Inc. raised its holdings in Gaming and Leisure Properties by 13.0% during the first quarter. Kera Capital Partners Inc. now owns 15,258 shares of the real estate investment trust’s stock valued at $677,000 after buying an additional 1,755 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of Gaming and Leisure Properties by 3.0% in the 1st quarter. Assetmark Inc. now owns 28,956 shares of the real estate investment trust’s stock valued at $1,285,000 after acquiring an additional 836 shares in the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 3,000 shares of the business’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 completion of the transaction, the director owned 127,429 shares in the company, valued at $6,157,369.28. The trade was a 2.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 4.11% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on GLPI shares. UBS Group set a $49.00 target price on shares of Gaming and Leisure Properties in a report on Thursday, June 18th. Wells Fargo & Company decreased their price objective on Gaming and Leisure Properties from $48.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. Morgan Stanley upped their target price on Gaming and Leisure Properties from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Barclays lifted their price target on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Finally, Scotiabank decreased their price objective on 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. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $51.55.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI opened at $45.08 on Monday. Gaming and Leisure Properties, Inc. has a 12 month low of $41.17 and a 12 month high of $49.95. The company’s 50-day moving average price is $45.92 and its two-hundred day moving average price is $46.25. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 1.62. The firm has a market cap of $12.78 billion, a P/E ratio of 14.31, a P/E/G ratio of 1.94 and a beta of 0.66.

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

Gaming and Leisure Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a $0.82 dividend. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. This represents a $3.28 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend was Friday, June 12th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 104.13%.

Gaming and Leisure Properties 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.