E Scott Urdang Sells 3,000 Shares of Gaming and Leisure Properties (NASDAQ:GLPI) Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total value of $144,960.00. Following the sale, the director directly owned 127,429 shares of the company’s stock, valued at approximately $6,157,369.28. The trade was a 2.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Gaming and Leisure Properties Price Performance

GLPI opened at $47.47 on Friday. The stock has a market cap of $13.45 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 2.06 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 current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 1.62. The stock has a fifty day moving average price of $47.09 and a 200 day moving average price of $46.07.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $419.99 million during the quarter, compared to analysts’ expectations of $417.15 million. During the same quarter last year, the firm earned $0.96 earnings per share. The business’s revenue for the quarter 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. Analysts forecast 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 declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a dividend of $0.82 per share. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. The ex-dividend date is Friday, June 12th. This represents a $3.28 annualized dividend and a dividend yield of 6.9%. Gaming and Leisure Properties’s dividend payout ratio is currently 99.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GLPI shares. Weiss Ratings raised Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 15th. Mizuho upped their target price on Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. Scotiabank upped their target price on Gaming and Leisure Properties from $50.00 to $52.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 12th. Stifel Nicolaus set a $50.00 target price on Gaming and Leisure Properties in a research report on Friday, April 24th. Finally, Royal Bank Of Canada upped their target price on 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. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Gaming and Leisure Properties has an average rating of “Moderate Buy” and an average target price of $52.89.

Hedge Funds Weigh In On Gaming and Leisure Properties

Institutional investors have recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new position in shares of Gaming and Leisure Properties in the fourth quarter worth about $29,000. SHP Wealth Management bought a new position in shares of Gaming and Leisure Properties in the fourth quarter worth about $30,000. International Assets Investment Management LLC bought a new position in shares of Gaming and Leisure Properties in the fourth quarter worth about $31,000. True Wealth Design LLC increased its stake in shares of Gaming and Leisure Properties by 238.3% in the fourth quarter. True Wealth Design LLC now owns 866 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 610 shares during the period. Finally, Essential Partners LLC increased its stake 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 purchasing an additional 240 shares during the period. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Company 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.