Gaming and Leisure Properties, Inc. $GLPI Shares Sold by Engineers Gate Manager LP

Engineers Gate Manager LP trimmed its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 78.7% during the second quarter, Holdings Channel.com reports. The firm owned 98,027 shares of the real estate investment trust’s stock after selling 361,860 shares during the period. Engineers Gate Manager LP’s holdings in Gaming and Leisure Properties were worth $4,365,000 at the end of the most recent quarter.

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

Gaming and Leisure Properties Stock Performance

NASDAQ:GLPI opened at $40.24 on Friday. The company has a market cap of $11.71 billion, a P/E ratio of 11.80, a P/E/G ratio of 1.68 and a beta of 0.65. The firm’s 50 day moving average is $43.42 and its two-hundred day moving average is $45.63. Gaming and Leisure Properties, Inc. has a fifty-two week low of $40.01 and a fifty-two week high of $49.95. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.51.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. The company had revenue of $430.52 million during the quarter, compared to analysts’ expectations of $428.51 million. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.96 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. Analysts expect that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend is Friday, September 11th. Gaming and Leisure Properties’s payout ratio is 96.19%.

Insider Buying and Selling

In other news, Director Earl C. Shanks purchased 10,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was bought at an average cost of $42.24 per share, for a total transaction of $422,400.00. Following the completion of the purchase, the director directly owned 107,259 shares of the company’s stock, valued at $4,530,620.16. The trade was a 10.28% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.11% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

GLPI has been the subject of several recent analyst reports. Raymond James Financial reaffirmed an “outperform” rating and issued a $47.00 target price on shares of Gaming and Leisure Properties in a research note on Thursday, August 13th. Mizuho decreased their price objective on Gaming and Leisure Properties from $53.00 to $48.00 and set an “outperform” rating on the stock in a report on Wednesday, September 2nd. Barclays lowered their price objective on Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Morgan Stanley upped their target price on Gaming and Leisure Properties from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Finally, Royal Bank Of Canada reduced their target price on Gaming and Leisure Properties from $54.00 to $52.00 and set an “outperform” rating on the stock in a research report on Monday, August 3rd. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $49.27.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust that owns, acquires and leases gaming-related properties. Its portfolio primarily consists of casinos and other properties used for gaming, entertainment and hospitality activities.

GLPI generally leases its properties to gaming operators under long-term, triple-net lease agreements. Under these arrangements, tenants typically operate the properties and are responsible for expenses such as maintenance, insurance and property taxes, while GLPI focuses on owning and managing the underlying real estate.

The company was established in 2013 through the spin-off of gaming properties from Penn National Gaming, now known as PENN Entertainment.