Swiss Life Asset Management Ltd Lowers Stake in Gaming and Leisure Properties, Inc. $GLPI

Swiss Life Asset Management Ltd decreased its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 23.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,759 shares of the real estate investment trust’s stock after selling 11,253 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Gaming and Leisure Properties were worth $1,643,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in shares of Gaming and Leisure Properties during the fourth quarter worth $29,000. Quent Capital LLC acquired a new stake in shares of Gaming and Leisure Properties during the third quarter worth $31,000. International Assets Investment Management LLC acquired a new stake in shares of Gaming and Leisure Properties during the fourth quarter worth $31,000. Bayforest Capital Ltd boosted its holdings in shares of Gaming and Leisure Properties by 412.1% during the third quarter. Bayforest Capital Ltd now owns 676 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 544 shares during the last quarter. Finally, True Wealth Design LLC boosted its holdings in shares of Gaming and Leisure Properties by 238.3% during the fourth quarter. True Wealth Design LLC now owns 866 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 610 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Trading Down 1.0%

GLPI stock opened at $46.38 on Friday. The company has a market cap of $13.15 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 2.03 and a beta of 0.68. 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 business has a fifty day simple moving average of $46.85 and a 200-day simple moving average of $45.65. Gaming and Leisure Properties, Inc. has a 52 week low of $41.17 and a 52 week high of $49.95.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. Gaming and Leisure Properties had a return on equity of 18.06% and a net margin of 55.56%.The business had revenue of $419.99 million during the quarter, compared to analysts’ expectations of $417.15 million. During the same quarter in the previous year, the business earned $0.96 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. On average, equities research analysts expect that Gaming and Leisure Properties, Inc. will post 4 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were issued a dividend of $0.78 per share. The ex-dividend date was Friday, March 13th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.7%. Gaming and Leisure Properties’s payout ratio is presently 99.05%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Barclays increased their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Stifel Nicolaus set a $50.00 price objective on shares of Gaming and Leisure Properties in a report on Friday, April 24th. Royal Bank Of Canada increased their price objective on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. Mizuho increased their price objective on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. Finally, Weiss Ratings lowered shares of Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 1st. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $52.50.

Insider Transactions at Gaming and Leisure Properties

In related news, COO Brandon John Moore sold 16,884 shares of Gaming and Leisure Properties stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $48.05, for a total transaction of $811,276.20. Following the transaction, the chief operating officer owned 257,874 shares in the company, valued at approximately $12,390,845.70. The trade was a 6.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Desiree A. Burke sold 9,804 shares of Gaming and Leisure Properties stock in a transaction on Friday, February 27th. The shares were sold at an average price of $49.02, for a total transaction of $480,592.08. Following the transaction, the chief financial officer owned 128,352 shares in the company, valued at $6,291,815.04. The trade was a 7.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 32,178 shares of company stock worth $1,552,938. 4.11% of the stock is currently owned by company insiders.

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.