Sound Income Strategies LLC Boosts Position in Gaming and Leisure Properties, Inc. $GLPI

Sound Income Strategies LLC grew its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 2.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 426,881 shares of the real estate investment trust’s stock after acquiring an additional 11,796 shares during the period. Sound Income Strategies LLC’s holdings in Gaming and Leisure Properties were worth $18,915,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of GLPI. IFM Investors Pty Ltd increased its holdings in Gaming and Leisure Properties by 0.3% during the 1st quarter. IFM Investors Pty Ltd now owns 86,189 shares of the real estate investment trust’s stock worth $3,824,000 after purchasing an additional 284 shares during the period. iA Global Asset Management Inc. lifted its holdings in shares of Gaming and Leisure Properties by 7.4% in the 1st quarter. iA Global Asset Management Inc. now owns 10,898 shares of the real estate investment trust’s stock worth $484,000 after buying an additional 750 shares during the period. MQS Management LLC purchased a new stake in shares of Gaming and Leisure Properties in the 1st quarter worth $232,000. Lansforsakringar Fondforvaltning AB publ grew its position in shares of Gaming and Leisure Properties by 2.4% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 87,778 shares of the real estate investment trust’s stock worth $3,895,000 after buying an additional 2,063 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in shares of Gaming and Leisure Properties during the 1st quarter worth $3,643,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Insider Transactions at Gaming and Leisure Properties

In related 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 transaction 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 filing with the SEC, which is available at this link. 4.11% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Mizuho lifted their price objective 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. UBS Group set a $49.00 target price on shares of Gaming and Leisure Properties in a report on Thursday, June 18th. Stifel Nicolaus set a $50.00 target price on shares of Gaming and Leisure Properties in a research report on Friday, April 24th. Barclays boosted 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, Scotiabank lowered their price target on shares of Gaming and Leisure Properties from $52.00 to $49.00 and set a “sector perform” rating for the company in a research report on Thursday, June 18th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

Gaming and Leisure Properties Trading Up 0.6%

NASDAQ:GLPI opened at $43.95 on Friday. The stock has a market capitalization of $12.46 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 1.89 and a beta of 0.66. Gaming and Leisure Properties, Inc. has a 52 week low of $41.17 and a 52 week high of $49.95. 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 of $46.73 and a 200 day moving average of $46.32.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.06. The business had revenue of $419.99 million for 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%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. As a group, sell-side analysts anticipate that Gaming and Leisure Properties, Inc. will post 4 earnings per share for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a dividend of $0.82 per share. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. The ex-dividend date was Friday, June 12th. This represents a $3.28 annualized dividend and a yield of 7.5%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 104.13%.

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.