Family Legacy Inc. Takes Position in Gaming and Leisure Properties, Inc. $GLPI

Family Legacy Inc. purchased a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 17,089 shares of the real estate investment trust’s stock, valued at approximately $761,000.

Other institutional investors have also recently bought and sold shares of the company. SHP Wealth Management acquired a new stake in Gaming and Leisure Properties during the 4th quarter worth about $30,000. International Assets Investment Management LLC acquired a new position in shares of Gaming and Leisure Properties in the fourth quarter worth about $31,000. Essential Partners LLC increased its position in shares of Gaming and Leisure Properties by 38.2% in the first quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 240 shares in the last quarter. Blue Trust Inc. purchased a new position in shares of Gaming and Leisure Properties in the first quarter worth approximately $40,000. Finally, Monetary Solutions Ltd acquired a new stake in shares of Gaming and Leisure Properties during the fourth quarter valued at approximately $53,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Wall Street Analysts Forecast Growth

GLPI has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their target price on shares of Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 30th. UBS Group set a $49.00 price target on Gaming and Leisure Properties in a report on Thursday, June 18th. Royal Bank Of Canada dropped their price target on Gaming and Leisure Properties from $54.00 to $52.00 and set an “outperform” rating on the stock in a research report on Monday, August 3rd. Wells Fargo & Company reduced their price objective on Gaming and Leisure Properties from $48.00 to $45.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 15th. Finally, Weiss Ratings lowered Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.91.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the company’s stock in a transaction dated 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 $6,157,369.28. This represents 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 owned by company insiders.

Gaming and Leisure Properties Stock Down 0.2%

GLPI stock opened at $43.57 on Friday. The company has a 50 day moving average of $44.78 and a two-hundred day moving average of $46.13. The company has a market cap of $12.68 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 1.82 and a beta of 0.66. Gaming and Leisure Properties, Inc. has a 12-month low of $41.17 and a 12-month high of $49.95. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.51.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The business had revenue of $430.52 million for the quarter, compared to analysts’ expectations of $428.51 million. During the same period in the previous year, the company posted $0.96 EPS. Gaming and Leisure Properties’s revenue was up 9.0% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. On average, equities analysts anticipate that Gaming and Leisure Properties, Inc. will post 4.03 earnings per share for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a dividend of $0.82 per share. The ex-dividend date of this dividend was 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 yield of 7.5%. Gaming and Leisure Properties’s payout ratio is 96.19%.

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.