Van ECK Associates Corp Decreases Stake in Gaming and Leisure Properties, Inc. $GLPI

Van ECK Associates Corp decreased its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 23.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,540 shares of the real estate investment trust’s stock after selling 24,411 shares during the quarter. Van ECK Associates Corp’s holdings in Gaming and Leisure Properties were worth $3,453,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of GLPI. BlackRock Inc. purchased a new position in shares of Gaming and Leisure Properties in the second quarter worth about $1,596,811,000. State Street Corp grew its stake in Gaming and Leisure Properties by 1.2% during the 4th quarter. State Street Corp now owns 12,893,098 shares of the real estate investment trust’s stock valued at $576,193,000 after acquiring an additional 147,683 shares in the last quarter. Wellington Management Group LLP raised its holdings in Gaming and Leisure Properties by 1.7% in the 4th quarter. Wellington Management Group LLP now owns 11,592,034 shares of the real estate investment trust’s stock valued at $518,048,000 after acquiring an additional 198,582 shares during the last quarter. Geode Capital Management LLC raised its holdings in 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 acquiring an additional 258,596 shares during the last quarter. Finally, Cohen & Steers Inc. purchased a new position in Gaming and Leisure Properties in the 4th quarter worth approximately $313,242,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Analyst Upgrades and Downgrades

GLPI has been the topic of several recent research reports. Morgan Stanley boosted their target price on Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Stifel Nicolaus reduced their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set a “hold” rating on the stock in a research report on Friday, July 31st. Weiss Ratings cut Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. UBS Group set a $49.00 target price on Gaming and Leisure Properties in a report on Thursday, June 18th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $47.00 target price on shares of Gaming and Leisure Properties in a research note on Thursday, August 13th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $49.27.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director Earl C. Shanks purchased 10,000 shares of the stock in a transaction dated Tuesday, August 18th. The stock was acquired at an average cost of $42.24 per share, for a total transaction of $422,400.00. Following the acquisition, the director owned 107,259 shares in the company, valued at $4,530,620.16. This trade represents a 10.28% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director E. Urdang sold 3,000 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total value of $144,960.00. Following the transaction, 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 SEC filing for this sale provides additional information. Corporate insiders own 4.11% of the company’s stock.

Gaming and Leisure Properties Stock Up 0.0%

Shares of NASDAQ GLPI opened at $42.36 on Friday. The company has a 50 day simple moving average of $43.82 and a 200-day simple moving average of $45.86. The company has a market capitalization of $12.32 billion, a P/E ratio of 12.42, a P/E/G ratio of 1.77 and a beta of 0.65. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.74 and a quick ratio of 4.74. Gaming and Leisure Properties, Inc. has a 1 year low of $41.17 and a 1 year high of $49.95.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. The firm had revenue of $430.52 million for 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 firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. On average, equities research analysts predict that Gaming and Leisure Properties, Inc. will post 4.03 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Friday, September 11th. Gaming and Leisure Properties’s dividend payout ratio is 96.19%.

Gaming and Leisure Properties Company 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.