Syon Capital LLC Takes Position in Gaming and Leisure Properties, Inc. $GLPI

Syon Capital LLC purchased a new position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the fourth quarter, HoldingsChannel reports. The fund purchased 14,385 shares of the real estate investment trust’s stock, valued at approximately $643,000.

Several other institutional investors have also recently added to or reduced their stakes in GLPI. First Trust Advisors LP increased its position in shares of Gaming and Leisure Properties by 78.7% in the 2nd quarter. First Trust Advisors LP now owns 283,963 shares of the real estate investment trust’s stock worth $13,255,000 after purchasing an additional 125,098 shares during the last quarter. Cerity Partners LLC lifted its position in shares of Gaming and Leisure Properties by 18.6% during the second quarter. Cerity Partners LLC now owns 10,233 shares of the real estate investment trust’s stock worth $478,000 after purchasing an additional 1,608 shares during the last quarter. Bank of Nova Scotia lifted its position in shares of Gaming and Leisure Properties by 16.6% during the second quarter. Bank of Nova Scotia now owns 18,603 shares of the real estate investment trust’s stock worth $868,000 after purchasing an additional 2,646 shares during the last quarter. AXA S.A. grew its stake in Gaming and Leisure Properties by 478.5% in the second quarter. AXA S.A. now owns 39,543 shares of the real estate investment trust’s stock worth $1,846,000 after purchasing an additional 32,708 shares in the last quarter. Finally, Squarepoint Ops LLC grew its stake in Gaming and Leisure Properties by 276.2% in the second quarter. Squarepoint Ops LLC now owns 70,459 shares of the real estate investment trust’s stock worth $3,289,000 after purchasing an additional 51,731 shares in the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Gaming and Leisure Properties Price Performance

GLPI opened at $48.41 on Thursday. The firm has a market cap of $13.72 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 2.07 and a beta of 0.66. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.17 and a fifty-two week high of $49.95. The company’s 50-day moving average price is $46.96 and its 200 day moving average price is $46.03. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 1.62.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. The company had revenue of $419.99 million during the quarter, compared to the consensus estimate of $417.15 million. Gaming and Leisure Properties had a return on equity of 18.06% and a net margin of 55.56%.Gaming and Leisure Properties’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. As a group, sell-side analysts expect that Gaming and Leisure Properties, Inc. will post 4 earnings per share for the current year.

Gaming and Leisure Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be given a dividend of $0.82 per share. The ex-dividend date is Friday, June 12th. This represents a $3.28 dividend on an annualized basis and a yield of 6.8%. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. Gaming and Leisure Properties’s payout ratio is presently 99.05%.

Analyst Ratings Changes

GLPI has been the topic of several research reports. Stifel Nicolaus set a $50.00 price objective on Gaming and Leisure Properties in a research note on Friday, April 24th. Royal Bank Of Canada lifted their target price on Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Weiss Ratings upgraded Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 15th. Barclays upped their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Finally, Scotiabank raised their price objective on Gaming and Leisure Properties from $50.00 to $52.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 12th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $52.89.

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.