Thompson Siegel & Walmsley LLC lifted its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Free Report) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,494,166 shares of the real estate investment trust’s stock after purchasing an additional 19,744 shares during the quarter. Gaming and Leisure Properties comprises about 1.1% of Thompson Siegel & Walmsley LLC’s holdings, making the stock its 19th largest holding. Thompson Siegel & Walmsley LLC owned 0.53% of Gaming and Leisure Properties worth $66,774,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in GLPI. V Square Quantitative Management LLC acquired a new stake in shares of Gaming and Leisure Properties in the fourth quarter valued at approximately $29,000. International Assets Investment Management LLC acquired a new stake in shares of Gaming and Leisure Properties in the fourth quarter valued at approximately $31,000. True Wealth Design LLC increased its holdings 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 valued at $39,000 after purchasing an additional 610 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Gaming and Leisure Properties by 107.7% in the third quarter. EverSource Wealth Advisors LLC now owns 887 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 460 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Gaming and Leisure Properties by 48.2% in the third quarter. Smartleaf Asset Management LLC now owns 1,212 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 394 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the company. Weiss Ratings raised Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 15th. 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 research report on Monday, February 23rd. Mizuho increased their price objective 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. Stifel Nicolaus set a $50.00 price objective on Gaming and Leisure Properties in a research report on Friday, April 24th. Finally, Barclays increased their price objective on 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 research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and a consensus target price of $52.50.
Gaming and Leisure Properties Stock Performance
GLPI opened at $46.97 on Monday. Gaming and Leisure Properties, Inc. has a 52 week low of $41.17 and a 52 week high of $49.95. The business has a fifty day simple moving average of $46.72 and a 200-day simple moving average of $45.87. The firm has a market cap of $13.31 billion, a P/E ratio of 14.91, a P/E/G ratio of 2.03 and a beta of 0.66. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 1.62.
Gaming and Leisure Properties (NASDAQ:GLPI – Get Free Report) last released its quarterly 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 return on equity of 18.06% and a net margin of 55.56%.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 posted $0.96 earnings per share. The company’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. On average, equities analysts expect that Gaming and Leisure Properties, Inc. will post 4 earnings per share for the current year.
Gaming and Leisure Properties Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 7.0%. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. The ex-dividend date is Friday, June 12th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 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.
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