Lighthouse Investment Partners LLC Acquires Shares of 217,046 Gaming and Leisure Properties, Inc. $GLPI

Lighthouse Investment Partners LLC acquired a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 217,046 shares of the real estate investment trust’s stock, valued at approximately $10,117,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Integrated Wealth Concepts LLC lifted its position in Gaming and Leisure Properties by 27.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,969 shares of the real estate investment trust’s stock valued at $325,000 after acquiring an additional 1,502 shares in the last quarter. Gotham Asset Management LLC increased its holdings in Gaming and Leisure Properties by 138.6% during the 3rd quarter. Gotham Asset Management LLC now owns 260,817 shares of the real estate investment trust’s stock worth $12,157,000 after purchasing an additional 151,521 shares in the last quarter. DoubleLine ETF Adviser LP increased its holdings in Gaming and Leisure Properties by 6.2% during the 3rd quarter. DoubleLine ETF Adviser LP now owns 17,173 shares of the real estate investment trust’s stock worth $800,000 after purchasing an additional 1,008 shares in the last quarter. Brevan Howard Capital Management LP raised its stake in shares of Gaming and Leisure Properties by 45.6% in the third quarter. Brevan Howard Capital Management LP now owns 67,961 shares of the real estate investment trust’s stock worth $3,168,000 after purchasing an additional 21,281 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Gaming and Leisure Properties by 175.7% in the third quarter. Bank of America Corp DE now owns 2,364,746 shares of the real estate investment trust’s stock worth $110,221,000 after purchasing an additional 1,507,006 shares during the last quarter. 91.14% of the stock is owned by institutional investors.

Gaming and Leisure Properties Stock Performance

Shares of GLPI opened at $47.58 on Monday. The stock has a 50 day moving average of $46.51 and a 200 day moving average of $45.62. The company has a market capitalization of $13.48 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 2.12 and a beta of 0.64. Gaming and Leisure Properties, Inc. has a 12 month low of $41.17 and a 12 month 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.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.01. The business had revenue of $407.03 million for the quarter, compared to analysts’ expectations of $406.02 million. Gaming and Leisure Properties had a return on equity of 17.10% and a net margin of 52.24%.The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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 forecast that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors 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 6.6%. The ex-dividend date of this dividend is Friday, March 13th. Gaming and Leisure Properties’s payout ratio is 107.22%.

Insider Activity at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 4,000 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $47.37, for a total transaction of $189,480.00. Following the completion of the transaction, the director owned 130,429 shares in the company, valued at approximately $6,178,421.73. This represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Desiree A. Burke sold 9,804 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $49.02, for a total transaction of $480,592.08. Following the sale, the chief financial officer owned 128,352 shares of the company’s stock, valued at $6,291,815.04. This trade represents a 7.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 69,042 shares of company stock valued at $3,203,844 over the last quarter. Corporate insiders own 4.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GLPI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Thursday, January 22nd. Morgan Stanley increased their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 24th. UBS Group restated a “buy” rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 8th. Barclays cut their price objective on shares of Gaming and Leisure Properties from $53.00 to $52.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Royal Bank Of Canada increased their target price on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $52.32.

About Gaming and Leisure Properties

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.