Balyasny Asset Management L.P. Acquires 860,583 Shares of Gaming and Leisure Properties, Inc. $GLPI

Balyasny Asset Management L.P. lifted its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 42.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,869,659 shares of the real estate investment trust’s stock after buying an additional 860,583 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Gaming and Leisure Properties were worth $128,245,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lighthouse Investment Partners LLC bought a new position in shares of Gaming and Leisure Properties during the 3rd quarter valued at $10,117,000. LDR Capital Management LLC bought a new position in shares of Gaming and Leisure Properties during the 4th quarter valued at $2,392,000. Raiffeisen Bank International AG bought a new position in shares of Gaming and Leisure Properties during the 3rd quarter valued at $703,000. Sound Income Strategies LLC grew its holdings in shares of Gaming and Leisure Properties by 11.7% during the 4th quarter. Sound Income Strategies LLC now owns 415,085 shares of the real estate investment trust’s stock valued at $19,235,000 after purchasing an additional 43,501 shares during the last quarter. Finally, Bayhunt Capital LLC bought a new position in shares of Gaming and Leisure Properties during the 4th quarter valued at $14,811,000. Institutional investors own 91.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on GLPI. Scotiabank increased their target price on shares of Gaming and Leisure Properties from $50.00 to $52.00 and gave the company a “sector perform” rating in a report on Tuesday, May 12th. Stifel Nicolaus set a $50.00 price target on shares of Gaming and Leisure Properties in a report on Friday, April 24th. Barclays raised their price target on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Weiss Ratings raised shares of Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 15th. Finally, Mizuho raised their price target on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and an average target price of $52.89.

Gaming and Leisure Properties Price Performance

Shares of Gaming and Leisure Properties stock opened at $45.26 on Thursday. The firm has a market cap of $12.83 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 2.02 and a beta of 0.66. 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 company’s fifty day simple moving average is $47.18 and its two-hundred day simple moving average is $46.16.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. The business had revenue of $419.99 million for 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 company’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. As a group, equities analysts expect that Gaming and Leisure Properties, Inc. will post 4 EPS for the current year.

Gaming and Leisure Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend is Friday, June 12th. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. Gaming and Leisure Properties’s payout ratio is presently 104.13%.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total transaction of $144,960.00. Following the sale, the director owned 127,429 shares of the company’s stock, valued at approximately $6,157,369.28. The trade was a 2.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.11% of the company’s stock.

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.