Gaming and Leisure Properties, Inc. $GLPI Stock Holdings Lessened by Sycale Advisors NY LLC

Sycale Advisors NY LLC lessened its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 8.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 233,442 shares of the real estate investment trust’s stock after selling 21,103 shares during the period. Gaming and Leisure Properties comprises approximately 3.2% of Sycale Advisors NY LLC’s investment portfolio, making the stock its 13th biggest position. Sycale Advisors NY LLC’s holdings in Gaming and Leisure Properties were worth $10,433,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in 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 in the last quarter. State Street Corp raised its position in Gaming and Leisure Properties by 1.2% during the fourth quarter. State Street Corp now owns 12,893,098 shares of the real estate investment trust’s stock valued at $576,193,000 after acquiring an additional 147,683 shares in the last quarter. Principal Financial Group Inc. raised its position in Gaming and Leisure Properties by 7.3% during the fourth quarter. Principal Financial Group Inc. now owns 7,764,876 shares of the real estate investment trust’s stock valued at $347,012,000 after acquiring an additional 525,317 shares in the last quarter. Geode Capital Management LLC raised its position in Gaming and Leisure Properties by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 7,682,453 shares of the real estate investment trust’s stock valued at $342,677,000 after acquiring an additional 258,596 shares in the last quarter. Finally, Cohen & Steers Inc. bought a new position in Gaming and Leisure Properties during the fourth quarter valued at approximately $313,242,000. Institutional investors own 91.14% of the company’s stock.

Wall Street Analyst Weigh In

GLPI has been the topic of several recent research reports. Scotiabank raised their price objective on shares of Gaming and Leisure Properties from $50.00 to $52.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 12th. Barclays raised their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Mizuho raised their price objective on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a research report on Wednesday, March 11th. Weiss Ratings raised shares of Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 15th. Finally, Royal Bank Of Canada raised their price objective on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $52.89.

Gaming and Leisure Properties Stock Performance

Shares of GLPI stock opened at $47.47 on Monday. Gaming and Leisure Properties, Inc. has a 12 month low of $41.17 and a 12 month 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 business’s 50 day moving average is $47.09 and its two-hundred day moving average is $46.09. The company has a market cap of $13.45 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 2.05 and a beta of 0.66.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 EPS for the quarter, beating the consensus estimate of $0.76 by $0.06. The company had revenue of $419.99 million for the quarter, compared to the consensus estimate of $417.15 million. Gaming and Leisure Properties had a return on equity of 18.06% and a net margin of 55.56%.The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. Equities analysts predict that Gaming and Leisure Properties, Inc. will post 4 EPS for the current year.

Gaming and Leisure Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a $0.82 dividend. The ex-dividend date is Friday, June 12th. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. This represents a $3.28 annualized dividend and a dividend yield of 6.9%. Gaming and Leisure Properties’s dividend payout ratio is 104.13%.

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 shares were sold at an average price of $48.32, for a total value of $144,960.00. Following the sale, the director owned 127,429 shares in the company, valued at approximately $6,157,369.28. This trade represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 4.11% of the company’s stock.

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.