Vanguard Group Inc. Increases Position in Gaming and Leisure Properties, Inc. $GLPI

Vanguard Group Inc. raised its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 0.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 37,997,515 shares of the real estate investment trust’s stock after purchasing an additional 91,756 shares during the quarter. Vanguard Group Inc. owned 0.13% of Gaming and Leisure Properties worth $1,698,109,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. First Trust Advisors LP raised its stake in Gaming and Leisure Properties by 78.7% in 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 stake in 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 worth $478,000 after buying an additional 1,608 shares in the last quarter. Bank of Nova Scotia raised its stake in Gaming and Leisure Properties by 16.6% in the second quarter. Bank of Nova Scotia now owns 18,603 shares of the real estate investment trust’s stock worth $868,000 after buying an additional 2,646 shares in the last quarter. AXA S.A. raised 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 buying an additional 32,708 shares in the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of 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 purchasing an additional 51,731 shares in the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Up 1.0%

GLPI opened at $48.46 on Friday. Gaming and Leisure Properties, Inc. has a twelve month low of $41.17 and a twelve month high of $49.95. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 1.62. The company has a 50-day moving average price of $47.06 and a 200 day moving average price of $45.48. The company has a market cap of $13.73 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 2.08 and a beta of 0.68.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data 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 net margin of 55.56% and a return on equity of 18.06%. Gaming and Leisure Properties’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. Sell-side analysts expect that Gaming and Leisure Properties, Inc. will post 3.99 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were paid a $0.78 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.12 annualized dividend and a dividend yield of 6.4%. Gaming and Leisure Properties’s dividend payout ratio is 99.05%.

Insider Activity

In related news, Director E Scott Urdang sold 4,000 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $47.37, for a total transaction of $189,480.00. Following the completion of the transaction, the director owned 130,429 shares of the company’s stock, valued at approximately $6,178,421.73. This trade represents a 2.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Desiree A. Burke sold 9,804 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $49.02, for a total transaction 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 32,178 shares of company stock valued at $1,552,938 in the last 90 days. Company insiders own 4.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on GLPI shares. Stifel Nicolaus set a $50.00 price target on shares of Gaming and Leisure Properties in a report on Friday, April 24th. Mizuho upped their price target on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a report on Wednesday, March 11th. Barclays upped their price target on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. UBS Group reaffirmed a “buy” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 8th. Finally, Royal Bank Of Canada upped their price target on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $52.30.

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.