Sound Income Strategies LLC Purchases 43,501 Shares of Gaming and Leisure Properties, Inc. $GLPI

Sound Income Strategies LLC increased its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 11.7% in the 4th quarter, Holdings Channel reports. The firm owned 415,085 shares of the real estate investment trust’s stock after buying an additional 43,501 shares during the quarter. Sound Income Strategies LLC’s holdings in Gaming and Leisure Properties were worth $19,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Gaming and Leisure Properties by 2.4% during the third 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 acquiring an additional 899,273 shares during the period. State Street Corp lifted its holdings in shares of Gaming and Leisure Properties by 2.7% during the third quarter. State Street Corp now owns 12,745,415 shares of the real estate investment trust’s stock valued at $594,064,000 after acquiring an additional 333,876 shares during the period. Invesco Ltd. lifted its holdings in shares of Gaming and Leisure Properties by 3.2% during the second quarter. Invesco Ltd. now owns 4,657,406 shares of the real estate investment trust’s stock valued at $217,408,000 after acquiring an additional 145,172 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Gaming and Leisure Properties by 3.7% during the third quarter. Dimensional Fund Advisors LP now owns 4,107,048 shares of the real estate investment trust’s stock valued at $191,432,000 after acquiring an additional 147,375 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Gaming and Leisure Properties by 1,525.0% during the third quarter. Barclays PLC now owns 4,033,903 shares of the real estate investment trust’s stock valued at $188,020,000 after acquiring an additional 3,785,669 shares during the period. 91.14% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, COO Brandon John Moore sold 16,884 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $48.05, for a total value of $811,276.20. Following the completion of the transaction, the chief operating officer directly owned 257,874 shares in the company, valued at approximately $12,390,845.70. The trade was a 6.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Steven Ladany sold 13,409 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $45.04, for a total value of $603,941.36. Following the completion of the transaction, the senior vice president owned 57,886 shares of the company’s stock, valued at $2,607,185.44. This represents a 18.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 45,587 shares of company stock worth $2,156,880 in the last ninety days. 4.26% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties Price Performance

Shares of GLPI stock opened at $45.16 on Tuesday. The stock has a 50-day moving average price of $46.60 and a 200 day moving average price of $45.36. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 1.45. The firm has a market cap of $12.79 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 1.98 and a beta of 0.68. Gaming and Leisure Properties, Inc. has a 12 month low of $41.17 and a 12 month high of $50.31.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, February 19th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. Gaming and Leisure Properties had a return on equity of 17.10% and a net margin of 52.24%.The firm had revenue of $407.03 million for the quarter, compared to analysts’ expectations of $406.02 million. During the same quarter last year, the business earned $0.95 earnings per share. The company’s revenue was up 4.5% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. Research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were issued a dividend of $0.78 per share. The ex-dividend date was Friday, March 13th. This represents a $3.12 dividend on an annualized basis and a yield of 6.9%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 107.22%.

Analyst Ratings Changes

A number of brokerages have issued reports on GLPI. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $52.00 to $53.00 in a report on Friday, December 12th. Barclays cut their price objective on Gaming and Leisure Properties from $53.00 to $52.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 22nd. Scotiabank lifted their price objective on 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. Finally, 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 research note on Wednesday, March 11th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $52.32.

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.