Neo Ivy Capital Management Buys 14,498 Shares of Gaming and Leisure Properties, Inc. $GLPI

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

Several other institutional investors have also recently made changes to their positions in the stock. Spire Wealth Management lifted its position in shares of Gaming and Leisure Properties by 62.3% during the 3rd quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 238 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Gaming and Leisure Properties by 89.3% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 655 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 309 shares in the last quarter. Quent Capital LLC bought a new stake in Gaming and Leisure Properties during the 3rd quarter worth approximately $31,000. Bayforest Capital Ltd lifted its holdings in Gaming and Leisure Properties by 412.1% during the third quarter. Bayforest Capital Ltd now owns 676 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 544 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Gaming and Leisure Properties in the second quarter worth approximately $39,000. Institutional investors own 91.14% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Scotiabank decreased 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. Barclays upped their target price on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Mizuho set a $50.00 price target on Gaming and Leisure Properties and gave the company an “outperform” rating in a report on Wednesday, December 17th. UBS Group restated a “buy” rating on shares of Gaming and Leisure Properties in a research report on Thursday, January 8th. Finally, Morgan Stanley upped their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 24th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Gaming and Leisure Properties currently has an average rating of “Moderate Buy” and an average price target of $51.95.

Gaming and Leisure Properties Trading Down 0.9%

Gaming and Leisure Properties stock opened at $48.91 on Friday. Gaming and Leisure Properties, Inc. has a 1 year low of $41.17 and a 1 year high of $52.24. The firm’s 50 day moving average price is $46.16 and its 200-day moving average price is $45.62. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.84 and a quick ratio of 3.84. The stock has a market cap of $13.85 billion, a P/E ratio of 16.81, a PEG ratio of 2.70 and a beta of 0.64.

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

Gaming and Leisure Properties Dividend Announcement

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

Insider Activity at Gaming and Leisure Properties

In other news, SVP Steven Ladany sold 18,000 shares of Gaming and Leisure Properties stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $44.77, for a total value of $805,860.00. Following the sale, the senior vice president directly owned 65,099 shares of the company’s stock, valued at approximately $2,914,482.23. The trade was a 21.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Desiree A. Burke sold 9,804 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $49.02, for a total value of $480,592.08. Following the completion of the sale, the chief financial officer owned 128,352 shares in the company, valued at $6,291,815.04. This represents a 7.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 69,042 shares of company stock worth $3,203,844 over the last 90 days. Company insiders own 4.26% of the company’s stock.

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.