Syon Capital LLC Invests $643,000 in Gaming and Leisure Properties, Inc. $GLPI

Syon Capital LLC bought a new position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,385 shares of the real estate investment trust’s stock, valued at approximately $643,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Gaming and Leisure Properties by 2.4% during the third quarter. Vanguard Group Inc. now owns 37,905,759 shares of the real estate investment trust’s stock worth $1,766,787,000 after acquiring an additional 899,273 shares during the last quarter. State Street Corp lifted its stake in shares of Gaming and Leisure Properties by 2.7% in the 3rd quarter. State Street Corp now owns 12,745,415 shares of the real estate investment trust’s stock valued at $594,064,000 after purchasing an additional 333,876 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Gaming and Leisure Properties by 7.3% during the 4th quarter. Principal Financial Group Inc. now owns 7,764,876 shares of the real estate investment trust’s stock worth $347,012,000 after purchasing an additional 525,317 shares during the period. Geode Capital Management LLC grew its holdings in shares of Gaming and Leisure Properties by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 7,682,453 shares of the real estate investment trust’s stock worth $342,677,000 after purchasing an additional 258,596 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Gaming and Leisure Properties by 3.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,107,048 shares of the real estate investment trust’s stock worth $191,432,000 after purchasing an additional 147,375 shares in the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on GLPI shares. Mizuho raised 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. Royal Bank Of Canada increased their price objective on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Stifel Nicolaus set a $50.00 target price on shares of Gaming and Leisure Properties in a research note on Friday, April 24th. Scotiabank lifted their target price on shares of Gaming and Leisure Properties from $50.00 to $52.00 and gave the company a “sector perform” rating in a report on Tuesday, May 12th. Finally, Barclays upped their price target on shares of 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 analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $52.89.

Gaming and Leisure Properties Trading Up 1.2%

NASDAQ GLPI opened at $48.41 on Thursday. The stock has a market cap of $13.72 billion, a P/E ratio of 15.37, a PEG ratio of 2.07 and a beta of 0.66. The company’s fifty day simple moving average is $46.96 and its 200-day simple moving average is $46.03. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 1.62. 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 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 business had revenue of $419.99 million during the quarter, compared to analyst estimates of $417.15 million. During the same period last year, the business earned $0.96 EPS. The business’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 predict that Gaming and Leisure Properties, Inc. will post 4 EPS for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, June 12th. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. This represents a $3.28 dividend on an annualized basis and a dividend yield of 6.8%. Gaming and Leisure Properties’s dividend payout ratio is presently 99.05%.

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.