Gaming and Leisure Properties, Inc. $GLPI Stock Acquired by Sound Income Strategies LLC

Sound Income Strategies LLC boosted its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 10.2% in the third quarter, Holdings Channel.com reports. The firm owned 492,285 shares of the real estate investment trust’s stock after acquiring an additional 45,711 shares during the period. Sound Income Strategies LLC’s holdings in Gaming and Leisure Properties were worth $18,835,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SHP Wealth Management purchased a new position in Gaming and Leisure Properties in the 4th quarter valued at about $30,000. Markowski Investments purchased a new stake in shares of Gaming and Leisure Properties during the second quarter worth about $35,000. Parkside Financial Bank & Trust increased its position in shares of Gaming and Leisure Properties by 115.2% during the second quarter. Parkside Financial Bank & Trust now owns 794 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 425 shares during the last quarter. Essential Partners LLC lifted its stake in shares of Gaming and Leisure Properties by 38.2% in the first quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 240 shares in the last quarter. Finally, Blue Trust Inc. acquired a new position in shares of Gaming and Leisure Properties in the first quarter worth about $40,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Up 0.1%

Shares of GLPI stock traded up $0.02 during trading hours on Friday, hitting $38.28. 2,201,872 shares of the company were exchanged, compared to its average volume of 2,634,953. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.74 and a current ratio of 4.74. Gaming and Leisure Properties, Inc. has a one year low of $37.33 and a one year high of $49.95. The business’s 50-day simple moving average is $41.35 and its two-hundred day simple moving average is $44.37. The stock has a market capitalization of $11.14 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 1.58 and a beta of 0.65.

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 for the quarter, meeting the consensus estimate of $0.80. The firm had revenue of $430.52 million during the quarter, compared to analyst estimates of $428.51 million. Gaming and Leisure Properties had a return on equity of 19.17% and a net margin of 59.01%.Gaming and Leisure Properties’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. Sell-side analysts predict that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were given a $0.82 dividend. The ex-dividend date was Friday, September 11th. This represents a $3.28 annualized dividend and a dividend yield of 8.6%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 96.19%.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director Earl C. Shanks purchased 10,000 shares of the stock in a transaction dated Tuesday, August 18th. The stock was acquired at an average cost of $42.24 per share, for a total transaction of $422,400.00. Following the acquisition, the director owned 107,259 shares of the company’s stock, valued at $4,530,620.16. The trade was a 10.28% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 4.11% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Cantor Fitzgerald reduced their price target on Gaming and Leisure Properties from $52.00 to $48.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Morgan Stanley dropped their price objective on Gaming and Leisure Properties from $55.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, September 17th. Citizens Jmp cut their target price on Gaming and Leisure Properties from $55.00 to $49.00 and set a “market outperform” rating on the stock in a research report on Friday, October 2nd. JPMorgan Chase & Co. cut Gaming and Leisure Properties from an “overweight” rating to a “neutral” rating and set a $46.00 target price for the company. in a research note on Thursday, September 24th. Finally, UBS Group set a $49.00 price target on shares of Gaming and Leisure Properties in a research report on Thursday, June 18th. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $47.83.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust that owns and leases gaming and entertainment properties. The company generally leases its properties to casino operators under long-term, triple-net lease agreements, under which tenants are typically responsible for property-level operating expenses, maintenance, insurance and taxes.

GLPI’s portfolio primarily consists of casinos, racetracks and related facilities across the United States. Its tenants operate gaming, lodging, food and beverage, entertainment and other hospitality businesses, while GLPI focuses on owning the underlying real estate and managing its relationships with gaming operators.

The company was formed in 2013 through the separation of certain real estate assets from Penn National Gaming, now known as PENN Entertainment.