Rakuten Investment Management Inc. Acquires New Position in Gaming and Leisure Properties, Inc. $GLPI

Rakuten Investment Management Inc. bought a new position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the third quarter, Holdings Channel reports. The institutional investor bought 24,934 shares of the real estate investment trust’s stock, valued at approximately $1,162,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Gaming and Leisure Properties during the second quarter valued at approximately $175,169,000. Balyasny Asset Management L.P. acquired a new position in Gaming and Leisure Properties during the 2nd quarter valued at approximately $124,785,000. Qube Research & Technologies Ltd grew its stake in Gaming and Leisure Properties by 375.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,329,251 shares of the real estate investment trust’s stock worth $62,049,000 after buying an additional 1,049,863 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Gaming and Leisure Properties during the 2nd quarter worth $39,689,000. Finally, Marshall Wace LLP acquired a new stake in Gaming and Leisure Properties in the second quarter worth $31,773,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Steven Ladany sold 13,409 shares of the business’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $45.04, for a total value of $603,941.36. Following the sale, the senior vice president owned 57,886 shares of the company’s stock, valued at approximately $2,607,185.44. The trade was a 18.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director E Scott Urdang sold 4,000 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $45.49, for a total value of $181,960.00. Following the completion of the sale, the director owned 129,953 shares of the company’s stock, valued at approximately $5,911,561.97. This trade represents a 2.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 40,864 shares of company stock valued at $1,832,866 over the last 90 days. 4.26% of the stock is currently owned by insiders.

Gaming and Leisure Properties Stock Performance

Shares of GLPI opened at $45.41 on Friday. The firm has a market capitalization of $12.85 billion, a PE ratio of 16.45, a P/E/G ratio of 2.51 and a beta of 0.67. 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 firm has a 50-day moving average price of $44.18 and a 200 day moving average price of $45.59. Gaming and Leisure Properties, Inc. has a 52-week low of $41.17 and a 52-week high of $52.24.

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

Gaming and Leisure Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date was Friday, December 5th. Gaming and Leisure Properties’s dividend payout ratio is 113.04%.

Analyst Upgrades and Downgrades

GLPI has been the subject of several analyst reports. JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $52.00 to $53.00 in a report on Friday, December 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Gaming and Leisure Properties in a research note on Thursday. Barclays decreased their target price on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “overweight” rating for the company in a research report on Wednesday, December 3rd. Cantor Fitzgerald cut their price target on Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Finally, Stifel Nicolaus set a $47.75 price objective on Gaming and Leisure Properties in a research report on Monday, December 15th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $51.89.

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.