M&T Bank Corp Increases Holdings in Gaming and Leisure Properties, Inc. $GLPI

M&T Bank Corp grew its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 201.1% in the 4th quarter, HoldingsChannel reports. The firm owned 30,401 shares of the real estate investment trust’s stock after acquiring an additional 20,304 shares during the quarter. M&T Bank Corp’s holdings in Gaming and Leisure Properties were worth $1,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Exencial Wealth Advisors LLC increased its position in shares of Gaming and Leisure Properties by 4.1% during the 4th quarter. Exencial Wealth Advisors LLC now owns 24,393 shares of the real estate investment trust’s stock valued at $1,090,000 after purchasing an additional 956 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of Gaming and Leisure Properties by 16.3% during the 4th quarter. D.A. Davidson & CO. now owns 51,462 shares of the real estate investment trust’s stock valued at $2,300,000 after purchasing an additional 7,198 shares during the last quarter. Pictet Asset Management Holding SA increased its position in shares of Gaming and Leisure Properties by 4.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 140,583 shares of the real estate investment trust’s stock valued at $6,283,000 after purchasing an additional 6,404 shares during the last quarter. State of Michigan Retirement System increased its position in shares of Gaming and Leisure Properties by 2.1% during the 4th quarter. State of Michigan Retirement System now owns 73,500 shares of the real estate investment trust’s stock valued at $3,285,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its position in shares of Gaming and Leisure Properties by 47.3% during the 4th quarter. Sanctuary Advisors LLC now owns 32,114 shares of the real estate investment trust’s stock valued at $1,435,000 after purchasing an additional 10,305 shares during the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $47.37, for a total value of $189,480.00. Following the completion of the transaction, the director owned 130,429 shares in the company, valued at $6,178,421.73. This trade represents a 2.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Brandon John Moore sold 16,884 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $48.05, for a total value of $811,276.20. Following the completion of the transaction, the chief operating officer owned 257,874 shares of the company’s stock, valued at approximately $12,390,845.70. This represents a 6.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 32,178 shares of company stock worth $1,552,938 in the last quarter. 4.11% of the stock is owned by company insiders.

Gaming and Leisure Properties Stock Up 0.6%

GLPI stock opened at $48.22 on Friday. 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 company has a market capitalization of $13.67 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 2.08 and a beta of 0.68. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.17 and a fifty-two week high of $49.95. The stock has a fifty day moving average of $47.06 and a 200-day moving average of $45.56.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $417.15 million. During the same quarter in the prior year, the company earned $0.96 EPS. The firm’s quarterly 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. As a group, equities research analysts predict that Gaming and Leisure Properties, Inc. will post 4 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were paid a $0.78 dividend. The ex-dividend date was Friday, March 13th. This represents a $3.12 annualized dividend and a yield of 6.5%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 99.05%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Mizuho increased their price target on Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. Royal Bank Of Canada increased their price target on Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. Weiss Ratings downgraded Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Barclays increased their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Finally, Stifel Nicolaus set a $50.00 price target on Gaming and Leisure Properties in a research note on Friday, April 24th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $52.30.

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.