Neo Ivy Capital Management Raises Holdings in Gaming and Leisure Properties, Inc. $GLPI

Neo Ivy Capital Management grew its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 217.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,174 shares of the real estate investment trust’s stock after purchasing an additional 14,498 shares during the period. Neo Ivy Capital Management’s holdings in Gaming and Leisure Properties were worth $987,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of GLPI. Barclays PLC lifted its holdings in shares of Gaming and Leisure Properties by 1,525.0% during the third quarter. Barclays PLC now owns 4,033,903 shares of the real estate investment trust’s stock valued at $188,020,000 after purchasing an additional 3,785,669 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Gaming and Leisure Properties by 3.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,107,048 shares of the real estate investment trust’s stock worth $191,432,000 after buying an additional 147,375 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Gaming and Leisure Properties by 2.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,182,228 shares of the real estate investment trust’s stock worth $55,104,000 after buying an additional 28,843 shares in the last quarter. Focus Partners Advisor Solutions LLC purchased a new position in Gaming and Leisure Properties in the 3rd quarter worth about $223,000. Finally, 111 Capital raised its position in Gaming and Leisure Properties by 51.7% in the 3rd quarter. 111 Capital now owns 21,864 shares of the real estate investment trust’s stock worth $1,019,000 after buying an additional 7,456 shares during the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, CFO Desiree A. Burke sold 9,804 shares of Gaming and Leisure Properties stock in a transaction on Friday, February 27th. The shares were sold at an average price of $49.02, for a total transaction of $480,592.08. Following the transaction, the chief financial officer owned 128,352 shares in the company, valued at $6,291,815.04. This trade represents a 7.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Steven Ladany sold 13,409 shares of Gaming and Leisure Properties stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $45.04, for a total transaction of $603,941.36. Following the transaction, the senior vice president owned 57,886 shares in the company, valued at $2,607,185.44. This represents a 18.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 69,042 shares of company stock valued at $3,203,844 in the last ninety days. Corporate insiders own 4.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on GLPI. Stifel Nicolaus set a $48.50 target price on shares of Gaming and Leisure Properties in a research note on Thursday, February 12th. Mizuho set a $50.00 price target on shares of Gaming and Leisure Properties and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 22nd. Scotiabank lowered their price objective on shares of Gaming and Leisure Properties from $50.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, February 2nd. Finally, UBS Group restated a “buy” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 8th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $51.95.

Gaming and Leisure Properties Stock Down 0.9%

GLPI stock opened at $48.91 on Friday. The company has a market cap of $13.85 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 2.70 and a beta of 0.64. The company has a debt-to-equity ratio of 1.45, a quick ratio of 3.84 and a current ratio of 3.84. The business’s 50-day moving average is $46.16 and its two-hundred day moving average is $45.62. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.17 and a fifty-two week high of $52.24.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly 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. Gaming and Leisure Properties had a return on equity of 17.10% and a net margin of 52.24%.The business had revenue of $407.03 million during the quarter, compared to the consensus estimate of $406.02 million. During the same period in the previous year, the company posted $0.95 EPS. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. As a group, analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 6.4%. The ex-dividend date is Friday, March 13th. Gaming and Leisure Properties’s payout ratio is 107.22%.

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.