Gaming and Leisure Properties, Inc. $GLPI Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 36.5% in the fourth quarter, HoldingsChannel reports. The firm owned 193,123 shares of the real estate investment trust’s stock after acquiring an additional 51,663 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Gaming and Leisure Properties were worth $8,616,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of GLPI. Rakuten Investment Management Inc. purchased a new position in Gaming and Leisure Properties during the third quarter worth $1,162,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Gaming and Leisure Properties by 6.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,998,574 shares of the real estate investment trust’s stock valued at $93,154,000 after acquiring an additional 124,745 shares during the last quarter. National Pension Service increased its position in Gaming and Leisure Properties by 26.6% during the 3rd quarter. National Pension Service now owns 273,012 shares of the real estate investment trust’s stock worth $12,725,000 after purchasing an additional 57,282 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in Gaming and Leisure Properties during the 2nd quarter worth about $124,785,000. Finally, Raiffeisen Bank International AG acquired a new position in Gaming and Leisure Properties in the 3rd quarter valued at about $703,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, SVP Steven Ladany sold 18,000 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $44.77, for a total transaction of $805,860.00. Following the completion of the sale, the senior vice president owned 65,099 shares of the company’s stock, valued at approximately $2,914,482.23. The trade was a 21.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director E Scott Urdang sold 4,000 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $47.37, for a total value of $189,480.00. Following the sale, the director owned 130,429 shares of the company’s stock, valued at $6,178,421.73. This represents a 2.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 69,042 shares of company stock worth $3,203,844 over the last ninety days. 4.26% of the stock is owned by insiders.

Gaming and Leisure Properties Price Performance

Gaming and Leisure Properties stock opened at $43.93 on Friday. Gaming and Leisure Properties, Inc. has a 1 year low of $41.17 and a 1 year high of $51.44. The company has a debt-to-equity ratio of 1.45, a quick ratio of 3.84 and a current ratio of 3.84. The firm has a 50 day moving average price of $46.73 and a 200 day moving average price of $45.53. The company has a market cap of $12.44 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 2.00 and a beta of 0.64.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The company had revenue of $407.03 million for the quarter, compared to the consensus estimate of $406.02 million. Gaming and Leisure Properties had a net margin of 52.24% and a return on equity of 17.10%. Gaming and Leisure Properties’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.95 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. Sell-side analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 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. Investors of record on Friday, March 13th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend was Friday, March 13th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 107.22%.

Analysts Set New Price Targets

Several research firms have issued reports on GLPI. Stifel Nicolaus set a $48.50 price target on shares of Gaming and Leisure Properties in a research note on Thursday, February 12th. Royal Bank Of Canada lifted their target price on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $52.00 to $53.00 in a research note on Friday, December 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Thursday, January 22nd. Finally, Morgan Stanley upped their target price on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 24th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.32.

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.