Entropy Technologies LP Acquires 27,425 Shares of Gaming and Leisure Properties, Inc. $GLPI

Entropy Technologies LP raised its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 51.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,678 shares of the real estate investment trust’s stock after buying an additional 27,425 shares during the quarter. Entropy Technologies LP’s holdings in Gaming and Leisure Properties were worth $3,760,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Gaming and Leisure Properties by 2.4% in the third quarter. Vanguard Group Inc. now owns 37,905,759 shares of the real estate investment trust’s stock valued at $1,766,787,000 after purchasing an additional 899,273 shares in the last quarter. Dodge & Cox grew its stake in Gaming and Leisure Properties by 0.8% in the 2nd quarter. Dodge & Cox now owns 13,618,357 shares of the real estate investment trust’s stock worth $635,705,000 after buying an additional 108,748 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Gaming and Leisure Properties by 7.5% in the 2nd quarter. Geode Capital Management LLC now owns 6,948,979 shares of the real estate investment trust’s stock worth $323,683,000 after buying an additional 483,174 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Gaming and Leisure Properties by 3.2% in the 2nd quarter. Invesco Ltd. now owns 4,657,406 shares of the real estate investment trust’s stock worth $217,408,000 after buying an additional 145,172 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Gaming and Leisure Properties by 3.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,107,048 shares of the real estate investment trust’s stock valued at $191,432,000 after buying an additional 147,375 shares in the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Insider Buying and Selling

In other Gaming and Leisure Properties news, CFO Desiree A. Burke sold 9,804 shares of Gaming and Leisure Properties stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $49.02, for a total value of $480,592.08. Following the transaction, the chief financial officer directly owned 128,352 shares of the company’s stock, valued at $6,291,815.04. The trade was a 7.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Brandon John Moore sold 16,884 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $48.05, for a total value of $811,276.20. Following the completion of the sale, the chief operating officer owned 257,874 shares of the company’s stock, valued at $12,390,845.70. The trade was a 6.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 69,042 shares of company stock valued at $3,203,844 in the last 90 days. 4.26% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GLPI. Scotiabank upped their target price on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Stifel Nicolaus set a $48.50 price target on Gaming and Leisure Properties in a research report on Thursday, February 12th. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $52.00 to $53.00 in a research note on Friday, December 12th. Morgan Stanley increased their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 24th. Finally, Barclays raised their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $52.41.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI opened at $48.31 on Friday. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 1.45. The stock has a market cap of $13.68 billion, a PE ratio of 16.60, a PEG ratio of 2.13 and a beta of 0.64. The company’s fifty day moving average is $46.45 and its 200 day moving average is $45.66. Gaming and Leisure Properties, Inc. has a 52 week low of $41.17 and a 52 week high of $51.44.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.01. Gaming and Leisure Properties had a net margin of 52.24% and a return on equity of 17.10%. The business had revenue of $407.03 million during the quarter, compared to analyst estimates of $406.02 million. During the same period in the prior year, the business posted $0.95 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. Research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently declared 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 6.5%. The ex-dividend date is Friday, March 13th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 107.22%.

Gaming and Leisure Properties Company 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.