Cbre Investment Management Listed Real Assets LLC Invests $2.96 Million in Gaming and Leisure Properties, Inc. $GLPI

Cbre Investment Management Listed Real Assets LLC bought a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 66,279 shares of the real estate investment trust’s stock, valued at approximately $2,962,000.

A number of other institutional investors have also modified their holdings of the stock. Colonial River Investments LLC increased its position in shares of Gaming and Leisure Properties by 2.1% during the fourth quarter. Colonial River Investments LLC now owns 10,893 shares of the real estate investment trust’s stock worth $487,000 after acquiring an additional 227 shares during the period. Northwestern Mutual Investment Management Company LLC increased its position in shares of Gaming and Leisure Properties by 0.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 63,319 shares of the real estate investment trust’s stock worth $2,830,000 after acquiring an additional 237 shares during the period. Kestra Private Wealth Services LLC increased its position in shares of Gaming and Leisure Properties by 0.9% during the third quarter. Kestra Private Wealth Services LLC now owns 27,307 shares of the real estate investment trust’s stock worth $1,273,000 after acquiring an additional 245 shares during the period. Gabelli Funds LLC increased its position in shares of Gaming and Leisure Properties by 0.4% during the fourth quarter. Gabelli Funds LLC now owns 64,782 shares of the real estate investment trust’s stock worth $2,895,000 after acquiring an additional 250 shares during the period. Finally, Pure Financial Advisors LLC increased its position in shares of Gaming and Leisure Properties by 2.9% during the fourth quarter. Pure Financial Advisors LLC now owns 8,943 shares of the real estate investment trust’s stock worth $400,000 after acquiring an additional 255 shares during the period. 91.14% of the stock is owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Price Performance

NASDAQ GLPI opened at $46.80 on Tuesday. The firm’s fifty day simple moving average is $46.72 and its two-hundred day simple moving average is $45.88. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties, Inc. has a 12-month low of $41.17 and a 12-month high of $49.95. The firm has a market capitalization of $13.26 billion, a P/E ratio of 14.86, a P/E/G ratio of 2.03 and a beta of 0.66.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, topping 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 business had revenue of $419.99 million for the quarter, compared to analyst estimates of $417.15 million. During the same period in the previous year, the company earned $0.96 earnings per share. The business’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. Analysts forecast that Gaming and Leisure Properties, Inc. will post 4 EPS for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be 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 annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend is Friday, June 12th. Gaming and Leisure Properties’s dividend payout ratio is presently 99.05%.

Analyst Upgrades and Downgrades

GLPI has been the topic of a number of research reports. Stifel Nicolaus set a $50.00 target price on shares of Gaming and Leisure Properties in a research report on Friday, April 24th. Royal Bank Of Canada lifted their price objective on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Weiss Ratings raised shares of Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 15th. Barclays lifted their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, Mizuho lifted their price objective on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a report on Wednesday, March 11th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Gaming and Leisure Properties presently has an average rating of “Moderate Buy” and a consensus price target of $52.89.

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.