Entropy Technologies LP Boosts Position in Gaming and Leisure Properties, Inc. $GLPI

Entropy Technologies LP lifted its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 51.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,678 shares of the real estate investment trust’s stock after acquiring an additional 27,425 shares during the quarter. Entropy Technologies LP’s holdings in Gaming and Leisure Properties were worth $3,760,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Landscape Capital Management L.L.C. bought a new position in Gaming and Leisure Properties in the third quarter worth about $2,608,000. Duff & Phelps Investment Management Co. boosted its position in Gaming and Leisure Properties by 5.4% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 873,202 shares of the real estate investment trust’s stock valued at $40,700,000 after acquiring an additional 44,450 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Gaming and Leisure Properties by 8.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 322,730 shares of the real estate investment trust’s stock valued at $15,042,000 after acquiring an additional 24,945 shares in the last quarter. Mackenzie Financial Corp purchased a new position in shares of Gaming and Leisure Properties during the 3rd quarter worth approximately $778,000. Finally, Van ECK Associates Corp raised its position in shares of Gaming and Leisure Properties by 11.6% in the 3rd quarter. Van ECK Associates Corp now owns 96,643 shares of the real estate investment trust’s stock worth $4,504,000 after acquiring an additional 10,084 shares in the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Insider Buying and Selling

In other news, CFO Desiree A. Burke sold 9,804 shares of Gaming and Leisure Properties stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $49.02, for a total value of $480,592.08. Following the completion of the transaction, the chief financial officer owned 128,352 shares of the company’s stock, valued at $6,291,815.04. The trade was a 7.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Brandon John Moore sold 16,884 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $48.05, for a total transaction of $811,276.20. Following the completion of the transaction, the chief operating officer 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 disclosure for this sale is available in the SEC filing. Insiders sold 69,042 shares of company stock worth $3,203,844 in the last 90 days. 4.26% of the stock is owned by company insiders.

Gaming and Leisure Properties Stock Performance

Shares of GLPI opened at $48.31 on Friday. 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 stock has a market cap of $13.68 billion, a P/E ratio of 16.60, a P/E/G ratio of 2.13 and a beta of 0.64. The business’s 50 day moving average price is $46.45 and its 200-day moving average price is $45.66. Gaming and Leisure Properties, Inc. has a 52 week low of $41.17 and a 52 week high of $51.44.

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

Gaming and Leisure Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be issued a dividend of $0.78 per share. The ex-dividend date is Friday, March 13th. This represents a $3.12 annualized dividend and a dividend yield of 6.5%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 107.22%.

Analysts Set New Price Targets

A number of research firms have recently commented on GLPI. Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 22nd. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $52.00 to $53.00 in a research note on Friday, December 12th. Stifel Nicolaus set a $48.50 price objective on Gaming and Leisure Properties in a report on Thursday, February 12th. UBS Group reissued a “buy” rating on shares of Gaming and Leisure Properties in a research report on Thursday, January 8th. Finally, Barclays boosted 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 report on Thursday, February 12th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Gaming and Leisure Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.41.

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.