31,436 Shares in Gaming and Leisure Properties, Inc. $GLPI Acquired by OP Asset Management Ltd

OP Asset Management Ltd acquired a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the first quarter, Holdings Channel.com reports. The fund acquired 31,436 shares of the real estate investment trust’s stock, valued at approximately $1,395,000.

Several other large investors have also recently added to or reduced their stakes in GLPI. CENTRAL TRUST Co lifted its position in Gaming and Leisure Properties by 23,566.7% in the 1st quarter. CENTRAL TRUST Co now owns 1,420 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 1,414 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Gaming and Leisure Properties by 30.1% in the first quarter. SG Americas Securities LLC now owns 472,013 shares of the real estate investment trust’s stock worth $20,943,000 after acquiring an additional 109,103 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Gaming and Leisure Properties by 7.9% in the fourth quarter. Hsbc Holdings PLC now owns 710,101 shares of the real estate investment trust’s stock worth $31,770,000 after acquiring an additional 51,987 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Gaming and Leisure Properties by 66.6% during the fourth quarter. Corient Private Wealth LLC now owns 31,581 shares of the real estate investment trust’s stock worth $1,416,000 after acquiring an additional 12,627 shares in the last quarter. Finally, AG Campbell Advisory LLC purchased a new stake in shares of Gaming and Leisure Properties during the fourth quarter worth $341,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Insider Activity at Gaming and Leisure Properties

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

Gaming and Leisure Properties Stock Up 0.1%

GLPI stock opened at $45.91 on Tuesday. The firm has a market cap of $13.01 billion, a PE ratio of 14.57, a PEG ratio of 1.98 and a beta of 0.66. 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 fifty day simple moving average of $46.93 and a 200 day simple moving average of $46.28. 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 (NASDAQ:GLPI) last posted its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 EPS for the quarter, topping 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 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 business posted $0.96 earnings per share. The business’s quarterly 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. Sell-side 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 disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 7.1%. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. Gaming and Leisure Properties’s payout ratio is currently 104.13%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GLPI. Mizuho boosted their target price on Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. Scotiabank cut their price target on Gaming and Leisure Properties from $52.00 to $49.00 and set a “sector perform” rating for the company in a research note on Thursday, June 18th. Stifel Nicolaus set a $50.00 price target on Gaming and Leisure Properties in a report on Friday, April 24th. Barclays boosted their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Finally, UBS Group set a $49.00 price objective on Gaming and Leisure Properties in a report on Thursday, June 18th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Gaming and Leisure Properties currently has an average rating of “Moderate Buy” and an average target price of $52.20.

About Gaming and Leisure Properties

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.