WINTON GROUP Ltd purchased a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 26,600 shares of the real estate investment trust’s stock, valued at approximately $1,240,000.
A number of other institutional investors have also recently made changes to their positions in GLPI. Spire Wealth Management boosted its stake in shares of Gaming and Leisure Properties by 62.3% in the 3rd quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 238 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in Gaming and Leisure Properties by 89.3% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 655 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 309 shares during the last quarter. Quent Capital LLC purchased a new stake in shares of Gaming and Leisure Properties in the 3rd quarter valued at about $31,000. Bayforest Capital Ltd raised its position in Gaming and Leisure Properties by 412.1% in the 3rd quarter. Bayforest Capital Ltd now owns 676 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 544 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Gaming and Leisure Properties in the second quarter valued at about $39,000. Institutional investors and hedge funds own 91.14% of the company’s stock.
Analyst Ratings Changes
Several analysts recently commented on the stock. Scotiabank raised their price objective on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Tuesday. Barclays upped 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 research note on Thursday, February 12th. Morgan Stanley lifted their target price on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday, December 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 22nd. Finally, Stifel Nicolaus set a $48.50 price target on shares of Gaming and Leisure Properties in a research report on Thursday, February 12th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $52.41.
Gaming and Leisure Properties Stock Down 1.1%
GLPI opened at $47.85 on Thursday. Gaming and Leisure Properties, Inc. has a 1-year low of $41.17 and a 1-year high of $51.44. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 1.45. The business has a 50 day moving average of $46.38 and a 200-day moving average of $45.64. The stock has a market capitalization of $13.55 billion, a price-to-earnings ratio of 16.44, a P/E/G ratio of 2.16 and a beta of 0.64.
Gaming and Leisure Properties (NASDAQ:GLPI – Get Free Report) last posted its earnings results on Thursday, February 19th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. The company had revenue of $407.03 million during the quarter, compared to analysts’ expectations of $406.02 million. Gaming and Leisure Properties had a net margin of 52.24% and a return on equity of 17.10%. Gaming and Leisure Properties’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. As a group, sell-side analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.
Gaming and Leisure Properties Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Friday, March 13th. Gaming and Leisure Properties’s payout ratio is 107.22%.
Insider Buying and Selling at Gaming and Leisure Properties
In other news, SVP Steven Ladany sold 13,409 shares of the stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $45.04, for a total transaction of $603,941.36. Following the completion of the transaction, the senior vice president directly owned 57,886 shares in the company, valued at $2,607,185.44. This represents a 18.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Brandon John Moore sold 16,884 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $48.05, for a total value of $811,276.20. Following the completion of the sale, the chief operating officer owned 257,874 shares in the company, valued at $12,390,845.70. This represents a 6.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 69,042 shares of company stock valued at $3,203,844 over the last quarter. 4.26% of the stock is currently owned by corporate insiders.
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.
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