Gaming and Leisure Properties, Inc. $GLPI Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC reduced its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 43.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 15,550 shares of the real estate investment trust’s stock after selling 11,757 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Gaming and Leisure Properties were worth $695,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in GLPI. Barclays PLC grew its holdings in Gaming and Leisure Properties by 1,525.0% during the 3rd quarter. Barclays PLC now owns 4,033,903 shares of the real estate investment trust’s stock worth $188,020,000 after acquiring an additional 3,785,669 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Gaming and Leisure Properties by 711.8% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,369,851 shares of the real estate investment trust’s stock valued at $110,459,000 after buying an additional 2,077,937 shares during the period. Bank of America Corp DE boosted its holdings in shares of Gaming and Leisure Properties by 175.7% in the 3rd quarter. Bank of America Corp DE now owns 2,364,746 shares of the real estate investment trust’s stock valued at $110,221,000 after buying an additional 1,507,006 shares during the period. Munich Reinsurance Co Stock Corp in Munich acquired a new position in shares of Gaming and Leisure Properties in the 3rd quarter valued at about $64,448,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Gaming and Leisure Properties by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 37,905,759 shares of the real estate investment trust’s stock valued at $1,766,787,000 after buying an additional 899,273 shares during the period. 91.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $47.37, for a total transaction of $189,480.00. Following the sale, the director directly owned 130,429 shares in the company, valued at approximately $6,178,421.73. The trade was a 2.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Desiree A. Burke sold 9,804 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $49.02, for a total transaction of $480,592.08. Following the sale, the chief financial officer owned 128,352 shares in the company, valued at $6,291,815.04. This trade represents a 7.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 32,178 shares of company stock valued at $1,552,938 in the last ninety days. Company insiders own 4.11% of the company’s stock.

Analysts Set New Price Targets

GLPI has been the subject of several research reports. Mizuho lifted their price target on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a report on Wednesday, March 11th. Scotiabank lifted their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a report on Tuesday, March 10th. Royal Bank Of Canada lifted their price target on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Barclays lifted their price target on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, UBS Group reaffirmed a “buy” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 8th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $52.30.

Gaming and Leisure Properties Trading Down 0.9%

Gaming and Leisure Properties stock opened at $47.32 on Tuesday. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 1.62. The firm has a 50-day moving average price of $47.06 and a two-hundred day moving average price of $45.49. The firm has a market capitalization of $13.41 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 2.07 and a beta of 0.68. Gaming and Leisure Properties, Inc. has a 52-week low of $41.17 and a 52-week high of $49.95.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. The firm had revenue of $419.99 million during the quarter, compared to analyst estimates of $417.15 million. Gaming and Leisure Properties had a net margin of 55.56% and a return on equity of 18.06%. Gaming and Leisure Properties’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.96 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. Sell-side analysts expect that Gaming and Leisure Properties, Inc. will post 3.99 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend was Friday, March 13th. Gaming and Leisure Properties’s payout ratio is presently 99.05%.

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.