Dana Investment Advisors Inc. Reduces Stock Position in Gaming and Leisure Properties, Inc. $GLPI

Dana Investment Advisors Inc. cut its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 67.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 73,079 shares of the real estate investment trust’s stock after selling 150,964 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Gaming and Leisure Properties were worth $3,266,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Rakuten Investment Management Inc. purchased a new stake in shares of Gaming and Leisure Properties during the third quarter worth $1,162,000. National Pension Service raised its holdings in shares of Gaming and Leisure Properties by 26.6% during the third quarter. National Pension Service now owns 273,012 shares of the real estate investment trust’s stock worth $12,725,000 after acquiring an additional 57,282 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new stake in shares of Gaming and Leisure Properties during the third quarter worth $10,117,000. Raiffeisen Bank International AG purchased a new stake in shares of Gaming and Leisure Properties during the third quarter worth $703,000. Finally, Bayhunt Capital LLC purchased a new stake in shares of Gaming and Leisure Properties during the fourth quarter worth $14,811,000. 91.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GLPI. Stifel Nicolaus set a $50.00 price objective on Gaming and Leisure Properties in a report on Friday, April 24th. Royal Bank Of Canada increased their price objective on Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. Scotiabank increased their price objective on Gaming and Leisure Properties from $50.00 to $52.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 12th. Mizuho raised their target price on Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a report on Wednesday, March 11th. Finally, Barclays raised their target price on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $52.50.

Gaming and Leisure Properties Price Performance

NASDAQ GLPI opened at $46.38 on Monday. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.17 and a fifty-two week high of $49.95. The stock’s 50-day moving average is $46.85 and its two-hundred day moving average is $45.66. 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 cap of $13.15 billion, a P/E ratio of 14.72, a price-to-earnings-growth ratio of 2.00 and a beta of 0.68.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted 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 return on equity of 18.06% and a net margin of 55.56%.The company had revenue of $419.99 million for the quarter, compared to analyst estimates of $417.15 million. During the same period last year, the company earned $0.96 earnings per share. The business’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. On average, analysts anticipate that Gaming and Leisure Properties, Inc. will post 4 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were paid a $0.78 dividend. The ex-dividend date was Friday, March 13th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.7%. Gaming and Leisure Properties’s payout ratio is presently 99.05%.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $47.37, for a total value of $189,480.00. Following the sale, the director owned 130,429 shares of the company’s stock, valued at $6,178,421.73. This trade represents a 2.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Desiree A. Burke sold 9,804 shares of Gaming and Leisure Properties stock in a transaction that occurred 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 in the company, valued at approximately $6,291,815.04. This represents a 7.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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.

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.