128,807 Shares in Gaming and Leisure Properties, Inc. $GLPI Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC bought a new position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 128,807 shares of the real estate investment trust’s stock, valued at approximately $5,736,000.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Gaming and Leisure Properties in the second quarter worth $1,596,811,000. California State Teachers Retirement System boosted its stake in Gaming and Leisure Properties by 2,755.7% during the second quarter. California State Teachers Retirement System now owns 18,121,617 shares of the real estate investment trust’s stock valued at $806,956,000 after buying an additional 17,487,046 shares during the period. State Street Corp boosted its stake in Gaming and Leisure Properties by 1.2% during the fourth quarter. State Street Corp now owns 12,893,098 shares of the real estate investment trust’s stock valued at $576,193,000 after buying an additional 147,683 shares during the period. Wellington Management Group LLP grew its position in Gaming and Leisure Properties by 1.7% during the fourth quarter. Wellington Management Group LLP now owns 11,592,034 shares of the real estate investment trust’s stock worth $518,048,000 after buying an additional 198,582 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Gaming and Leisure Properties by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 7,682,453 shares of the real estate investment trust’s stock worth $342,677,000 after buying an additional 258,596 shares in the last quarter. 91.14% of the stock is owned by institutional investors.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director Earl C. Shanks purchased 10,000 shares of Gaming and Leisure Properties stock in a transaction on Tuesday, August 18th. The shares were acquired at an average cost of $42.24 per share, for a total transaction of $422,400.00. Following the completion of the transaction, the director directly owned 107,259 shares of the company’s stock, valued at approximately $4,530,620.16. The trade was a 10.28% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 4.11% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

GLPI has been the topic of several recent analyst reports. Morgan Stanley raised their price target on Gaming and Leisure Properties from $53.00 to $55.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Cantor Fitzgerald cut their price objective on Gaming and Leisure Properties from $52.00 to $48.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Weiss Ratings cut shares of Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. UBS Group set a $49.00 target price on shares of Gaming and Leisure Properties in a research note on Thursday, June 18th. Finally, Royal Bank Of Canada dropped their target price on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “outperform” rating for the company in a research report on Monday, August 3rd. 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 price target of $49.27.

Gaming and Leisure Properties Trading Down 1.8%

NASDAQ GLPI opened at $40.24 on Friday. The stock’s 50-day simple moving average is $43.42 and its two-hundred day simple moving average is $45.63. Gaming and Leisure Properties, Inc. has a twelve month low of $40.01 and a twelve month high of $49.95. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $11.71 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 1.71 and a beta of 0.65.

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

Gaming and Leisure Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a $0.82 dividend. The ex-dividend date is Friday, September 11th. This represents a $3.28 dividend on an annualized basis and a yield of 8.2%. Gaming and Leisure Properties’s payout ratio is presently 96.19%.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust that owns, acquires and leases gaming-related properties. Its portfolio primarily consists of casinos and other properties used for gaming, entertainment and hospitality activities.

GLPI generally leases its properties to gaming operators under long-term, triple-net lease agreements. Under these arrangements, tenants typically operate the properties and are responsible for expenses such as maintenance, insurance and property taxes, while GLPI focuses on owning and managing the underlying real estate.

The company was established in 2013 through the spin-off of gaming properties from Penn National Gaming, now known as PENN Entertainment.