Gaming and Leisure Properties, Inc. $GLPI Stake Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 4.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,431,606 shares of the real estate investment trust’s stock after buying an additional 138,055 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Gaming and Leisure Properties were worth $160,187,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Cbre Investment Management Listed Real Assets LLC boosted its stake in shares of Gaming and Leisure Properties by 407.7% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 110,654 shares of the real estate investment trust’s stock valued at $5,632,000 after buying an additional 88,858 shares during the period. Assetmark Inc. increased its stake in shares of Gaming and Leisure Properties by 49.6% in the first quarter. Assetmark Inc. now owns 989 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 328 shares during the last quarter. AGF Management Ltd. raised its holdings in shares of Gaming and Leisure Properties by 18.1% during the second quarter. AGF Management Ltd. now owns 65,248 shares of the real estate investment trust’s stock worth $3,046,000 after acquiring an additional 9,992 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its position in Gaming and Leisure Properties by 6.0% during the first quarter. Resona Asset Management Co. Ltd. now owns 160,151 shares of the real estate investment trust’s stock valued at $8,092,000 after purchasing an additional 9,130 shares during the last quarter. Finally, FJ Capital Management LLC purchased a new position in Gaming and Leisure Properties in the first quarter valued at about $354,000. 91.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on GLPI shares. Mizuho raised their price target on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, September 11th. Scotiabank increased their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Barclays upgraded shares of Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $51.00 to $54.00 in a research note on Monday, October 20th. Cantor Fitzgerald dropped their price target on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Finally, Stifel Nicolaus cut their price target on shares of Gaming and Leisure Properties from $49.50 to $47.50 and set a “hold” rating on the stock in a report on Friday, October 31st. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Gaming and Leisure Properties currently has a consensus rating of “Hold” and an average target price of $52.38.

Gaming and Leisure Properties Stock Performance

Shares of GLPI stock opened at $43.30 on Thursday. Gaming and Leisure Properties, Inc. has a 12 month low of $42.26 and a 12 month high of $52.27. The company has a market cap of $12.25 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 9.40 and a beta of 0.74. The company has a quick ratio of 13.23, a current ratio of 13.23 and a debt-to-equity ratio of 1.47. The business’s 50 day moving average is $44.99 and its two-hundred day moving average is $46.30.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. The company had revenue of $397.61 million during the quarter, compared to analysts’ expectations of $399.66 million. Gaming and Leisure Properties had a net margin of 49.54% and a return on equity of 16.34%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.95 earnings per share. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. Equities analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.12 dividend on an annualized basis and a yield of 7.2%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 113.04%.

Insider Buying and Selling

In other news, Director E Scott Urdang sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $45.49, for a total transaction of $181,960.00. Following the completion of the transaction, the director directly owned 129,953 shares in the company, valued at $5,911,561.97. The trade was a 2.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.26% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in the provision of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.