Pictet Asset Management Holding SA Lowers Stock Position in Gaming and Leisure Properties, Inc. $GLPI

Pictet Asset Management Holding SA decreased its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 22.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 109,709 shares of the real estate investment trust’s stock after selling 30,874 shares during the period. Pictet Asset Management Holding SA’s holdings in Gaming and Leisure Properties were worth $4,868,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. V Square Quantitative Management LLC acquired a new stake in shares of Gaming and Leisure Properties in the 4th quarter valued at approximately $29,000. SHP Wealth Management acquired a new position in Gaming and Leisure Properties during the fourth quarter worth $30,000. International Assets Investment Management LLC purchased a new position in Gaming and Leisure Properties in the fourth quarter worth $31,000. True Wealth Design LLC raised its position in Gaming and Leisure Properties by 238.3% in the fourth quarter. True Wealth Design LLC now owns 866 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 610 shares in the last quarter. Finally, Blue Trust Inc. purchased a new position in Gaming and Leisure Properties in the first quarter worth $40,000. 91.14% of the stock is owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Stock Performance

Shares of GLPI stock opened at $43.95 on Friday. The stock has a fifty day moving average price of $46.69 and a 200 day moving average price of $46.30. The company has a debt-to-equity ratio of 1.62, a quick ratio of 6.29 and a current ratio of 6.29. The stock has a market cap of $12.46 billion, a PE ratio of 13.95, a P/E/G ratio of 1.89 and a beta of 0.66. 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 posted its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $419.99 million for the quarter, compared to analyst estimates of $417.15 million. During the same quarter in the prior year, the company earned $0.96 earnings per share. Gaming and Leisure Properties’s revenue was up 6.3% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. Sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 4.01 earnings per share for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date of this dividend was Friday, June 12th. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. Gaming and Leisure Properties’s dividend payout ratio is currently 104.13%.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total transaction of $144,960.00. Following the completion of the transaction, the director directly owned 127,429 shares in the company, valued at approximately $6,157,369.28. This trade represents a 2.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 4.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GLPI. Barclays boosted their target price on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Scotiabank cut their price target on shares of Gaming and Leisure Properties from $52.00 to $49.00 and set a “sector perform” rating for the company in a report on Thursday, June 18th. Stifel Nicolaus set a $50.00 price objective on shares of Gaming and Leisure Properties in a research note on Friday, April 24th. Weiss Ratings downgraded shares of Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 17th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 30th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $52.00.

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.