Cohen & Steers Inc. Takes Position in Gaming and Leisure Properties, Inc. $GLPI

Cohen & Steers Inc. purchased a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the fourth quarter, HoldingsChannel reports. The firm purchased 7,008,837 shares of the real estate investment trust’s stock, valued at approximately $313,242,000.

Other large investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in Gaming and Leisure Properties during the fourth quarter worth about $29,000. International Assets Investment Management LLC acquired a new stake in Gaming and Leisure Properties during the fourth quarter worth about $31,000. True Wealth Design LLC grew its stake in Gaming and Leisure Properties by 238.3% during the fourth quarter. True Wealth Design LLC now owns 866 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 610 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Gaming and Leisure Properties by 107.7% during the third quarter. EverSource Wealth Advisors LLC now owns 887 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 460 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in Gaming and Leisure Properties by 48.2% during the third quarter. Smartleaf Asset Management LLC now owns 1,212 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 394 shares in the last quarter. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total value of $144,960.00. Following the sale, the director directly owned 127,429 shares in the company, valued at approximately $6,157,369.28. This trade represents a 2.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.11% of the company’s stock.

Gaming and Leisure Properties Trading Down 0.8%

GLPI opened at $47.47 on Friday. The company’s 50 day moving average is $47.09 and its 200-day moving average is $46.07. Gaming and Leisure Properties, Inc. has a 1-year low of $41.17 and a 1-year high of $49.95. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 1.62. The company has a market cap of $13.45 billion, a P/E ratio of 15.07, a PEG ratio of 2.06 and a beta of 0.66.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. Gaming and Leisure Properties had a net margin of 55.56% and a return on equity of 18.06%. The company had revenue of $419.99 million for the quarter, compared to the consensus estimate of $417.15 million. During the same period last year, the company posted $0.96 EPS. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. Equities research analysts predict that Gaming and Leisure Properties, Inc. will post 4 earnings per share for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Friday, June 12th. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. Gaming and Leisure Properties’s dividend payout ratio is 99.05%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GLPI shares. Mizuho increased their price objective on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. Barclays increased their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Scotiabank increased their price objective on shares of Gaming and Leisure Properties from $50.00 to $52.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 12th. Stifel Nicolaus set a $50.00 price objective on shares of Gaming and Leisure Properties in a research note on Friday, April 24th. Finally, Weiss Ratings upgraded shares of Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 15th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $52.89.

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.