Y Intercept Hong Kong Ltd Makes New $4.21 Million Investment in Gaming and Leisure Properties, Inc. $GLPI

Y Intercept Hong Kong Ltd purchased a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the first quarter, HoldingsChannel reports. The institutional investor purchased 94,878 shares of the real estate investment trust’s stock, valued at approximately $4,210,000.

Several other hedge funds also recently modified their holdings of GLPI. Cohen & Steers Inc. bought a new stake in shares of Gaming and Leisure Properties in the 4th quarter worth $313,242,000. Norges Bank bought a new position in Gaming and Leisure Properties during the fourth quarter valued at about $167,743,000. Goldman Sachs Group Inc. grew its holdings in Gaming and Leisure Properties by 629.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,483,123 shares of the real estate investment trust’s stock worth $110,971,000 after acquiring an additional 2,142,511 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Gaming and Leisure Properties by 711.8% during the third 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 worth $110,459,000 after acquiring an additional 2,077,937 shares during the period. Finally, 140 Summer Partners LP acquired a new position in Gaming and Leisure Properties during the fourth quarter worth about $81,272,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total value of $144,960.00. Following the completion of the sale, the director owned 127,429 shares of the company’s stock, valued at $6,157,369.28. This trade represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 4.11% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GLPI shares. Mizuho upped 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 dropped their target price on shares of Gaming and Leisure Properties from $52.00 to $49.00 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. Barclays increased their target price on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. UBS Group set a $49.00 target price on shares of Gaming and Leisure Properties in a report on Thursday, June 18th. Finally, Weiss Ratings lowered shares of Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $52.00.

Gaming and Leisure Properties Stock Performance

NASDAQ:GLPI opened at $43.95 on Monday. 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, Inc. has a 1-year low of $41.17 and a 1-year high of $49.95. The firm has a market capitalization of $12.46 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 1.89 and a beta of 0.66. The stock has a fifty day simple moving average of $46.69 and a 200 day simple moving average of $46.32.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. The company 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%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. Sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 4.01 earnings per share for the current year.

Gaming and Leisure Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were paid a dividend of $0.82 per share. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend 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.