Kera Capital Partners Inc. Invests $604,000 in Gaming and Leisure Properties, Inc. $GLPI

Kera Capital Partners Inc. acquired a new position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the fourth quarter, Holdings Channel reports. The firm acquired 13,503 shares of the real estate investment trust’s stock, valued at approximately $604,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in Gaming and Leisure Properties during the fourth quarter valued at $29,000. International Assets Investment Management LLC bought a new position in Gaming and Leisure Properties in the 4th quarter worth about $31,000. True Wealth Design LLC raised its stake in Gaming and Leisure Properties by 238.3% in the fourth quarter. True Wealth Design LLC now owns 866 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 610 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Gaming and Leisure Properties by 107.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 887 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 460 shares in the last quarter. Finally, Key Capital Management INC purchased a new stake in Gaming and Leisure Properties during the fourth quarter valued at about $65,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI opened at $44.59 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 6.29 and a current ratio of 6.29. The firm has a market capitalization of $12.64 billion, a P/E ratio of 14.16, a P/E/G ratio of 1.92 and a beta of 0.66. The stock has a 50 day moving average price of $47.13 and a 200-day moving average price of $46.15. Gaming and Leisure Properties, Inc. has a 52-week low of $41.17 and a 52-week high of $49.95.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share for the quarter, topping 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 firm had revenue of $419.99 million for the quarter, compared to the consensus estimate of $417.15 million. During the same period in the prior year, the firm earned $0.96 EPS. The company’s 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. As a group, equities research analysts anticipate that Gaming and Leisure Properties, Inc. will post 4 EPS for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 7.4%. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Friday, June 12th. Gaming and Leisure Properties’s dividend payout ratio is presently 104.13%.

Insider Transactions at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 3,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total value of $144,960.00. Following the transaction, the director owned 127,429 shares in the company, valued at $6,157,369.28. The trade was a 2.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.11% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on GLPI shares. UBS Group set a $49.00 price target on shares of Gaming and Leisure Properties in a research note on Thursday. Scotiabank decreased their price objective on shares of Gaming and Leisure Properties from $52.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Thursday. Weiss Ratings lowered shares of Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday. Barclays raised their target price on 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. Finally, Stifel Nicolaus set a $50.00 price target on Gaming and Leisure Properties in a report on Friday, April 24th. Six investment analysts have rated the stock with a Buy rating and five have given 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 $52.20.

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.