Groupe la Francaise Buys Shares of 12,549 Gaming and Leisure Properties, Inc. $GLPI

Groupe la Francaise purchased a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the second quarter, HoldingsChannel.com reports. The firm purchased 12,549 shares of the real estate investment trust’s stock, valued at approximately $559,000.

Other institutional investors have also made changes to their positions in the company. Colonial River Investments LLC grew its position in shares of Gaming and Leisure Properties by 2.1% during the 4th quarter. Colonial River Investments LLC now owns 10,893 shares of the real estate investment trust’s stock worth $487,000 after buying an additional 227 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its stake in Gaming and Leisure Properties by 0.4% during the 4th 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 last quarter. Essential Partners LLC grew its holdings in Gaming and Leisure Properties by 38.2% during the first quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 240 shares during the period. Kestra Private Wealth Services LLC increased its stake in Gaming and Leisure Properties by 0.9% in the third quarter. Kestra Private Wealth Services LLC now owns 27,307 shares of the real estate investment trust’s stock valued at $1,273,000 after purchasing an additional 245 shares in the last quarter. Finally, Gabelli Funds LLC increased its stake in Gaming and Leisure Properties by 0.4% in the fourth quarter. Gabelli Funds LLC now owns 64,782 shares of the real estate investment trust’s stock valued at $2,895,000 after purchasing an additional 250 shares in the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Mizuho reduced their price target on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 2nd. Barclays lowered their price objective on shares of Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. UBS Group set a $49.00 price objective on Gaming and Leisure Properties in a research note on Thursday, June 18th. Weiss Ratings cut Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Finally, JPMorgan Chase & Co. lowered their price target on Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating for the company in a report on Tuesday, June 30th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $49.27.

Gaming and Leisure Properties Price Performance

NASDAQ GLPI opened at $41.62 on Wednesday. The firm’s 50 day moving average is $43.60 and its 200-day moving average is $45.76. 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 $12.11 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 1.75 and a beta of 0.65. Gaming and Leisure Properties, Inc. has a 12-month low of $41.17 and a 12-month high of $49.95.

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

Gaming and Leisure Properties Dividend Announcement

The business 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 of this dividend is Friday, September 11th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 7.9%. Gaming and Leisure Properties’s payout ratio is currently 96.19%.

Insider Activity

In related news, Director Earl C. Shanks purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was purchased at an average cost of $42.24 per share, for a total transaction of $422,400.00. Following the completion of the purchase, the director directly owned 107,259 shares in the company, valued at $4,530,620.16. This trade represents a 10.28% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.11% of the company’s stock.

Gaming and Leisure Properties 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.