Gaming and Leisure Properties, Inc. $GLPI Holdings Cut by Strs Ohio

Strs Ohio lowered its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 6.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 250,869 shares of the real estate investment trust’s stock after selling 17,888 shares during the period. Strs Ohio’s holdings in Gaming and Leisure Properties were worth $11,211,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Spire Wealth Management lifted its stake in Gaming and Leisure Properties by 62.3% in the third quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 238 shares during the last quarter. Kestra Private Wealth Services LLC increased its stake in shares of Gaming and Leisure Properties by 0.9% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 27,307 shares of the real estate investment trust’s stock worth $1,273,000 after purchasing an additional 245 shares during the last quarter. Securian Asset Management Inc. raised its holdings in shares of Gaming and Leisure Properties by 1.3% during the 3rd quarter. Securian Asset Management Inc. now owns 21,195 shares of the real estate investment trust’s stock valued at $988,000 after purchasing an additional 265 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Gaming and Leisure Properties by 9.2% during the 4th quarter. GAMMA Investing LLC now owns 3,278 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 277 shares in the last quarter. Finally, Norinchukin Bank The lifted its stake in shares of Gaming and Leisure Properties by 2.2% in the 3rd quarter. Norinchukin Bank The now owns 13,508 shares of the real estate investment trust’s stock valued at $630,000 after purchasing an additional 294 shares during the last quarter. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Brandon John Moore sold 16,884 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $48.05, for a total value of $811,276.20. Following the completion of the transaction, the chief operating officer directly owned 257,874 shares in the company, valued at approximately $12,390,845.70. This represents a 6.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Desiree A. Burke sold 9,804 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 128,352 shares of the company’s stock, valued at approximately $6,291,815.04. This trade represents a 7.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 32,178 shares of company stock worth $1,552,938. Company insiders own 4.11% of the company’s stock.

Gaming and Leisure Properties Stock Performance

NASDAQ GLPI opened at $47.32 on Tuesday. The company’s fifty day moving average is $47.06 and its two-hundred day moving average is $45.49. Gaming and Leisure Properties, Inc. has a 52-week low of $41.17 and a 52-week high of $49.95. The company has a debt-to-equity ratio of 1.62, a current ratio of 6.29 and a quick ratio of 6.29. The firm has a market capitalization of $13.41 billion, a price-to-earnings ratio of 15.02, a P/E/G ratio of 2.07 and a beta of 0.68.

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, beating the consensus estimate 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 business had revenue of $419.99 million during the quarter, compared to analysts’ expectations of $417.15 million. During the same quarter last year, the company earned $0.96 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. Equities research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.99 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend was Friday, March 13th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 99.05%.

Wall Street Analyst Weigh In

GLPI has been the topic of several analyst reports. Scotiabank increased 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, March 10th. UBS Group reiterated a “buy” rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 8th. Royal Bank Of Canada increased their price objective on Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Stifel Nicolaus set a $50.00 price objective on Gaming and Leisure Properties in a research note on Friday, April 24th. Finally, Barclays upped their target price on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.