Gaming and Leisure Properties, Inc. $GLPI Shares Bought by Deroy & Devereaux Private Investment Counsel Inc.

Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 90.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 120,625 shares of the real estate investment trust’s stock after acquiring an additional 57,305 shares during the period. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Gaming and Leisure Properties were worth $4,580,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Signaturefd LLC lifted its holdings in Gaming and Leisure Properties by 89.9% during the third quarter. Signaturefd LLC now owns 6,900 shares of the real estate investment trust’s stock valued at $262,000 after purchasing an additional 3,267 shares in the last quarter. Sowell Financial Services LLC increased its stake in shares of Gaming and Leisure Properties by 11.9% during the third quarter. Sowell Financial Services LLC now owns 20,606 shares of the real estate investment trust’s stock worth $782,000 after purchasing an additional 2,198 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Gaming and Leisure Properties during the third quarter worth about $30,000. Nisa Investment Advisors LLC increased its stake in shares of Gaming and Leisure Properties by 14.9% during the third quarter. Nisa Investment Advisors LLC now owns 41,435 shares of the real estate investment trust’s stock worth $1,573,000 after purchasing an additional 5,366 shares in the last quarter. Finally, Novem Group raised its position in shares of Gaming and Leisure Properties by 6.5% during the 3rd quarter. Novem Group now owns 24,853 shares of the real estate investment trust’s stock worth $944,000 after purchasing an additional 1,514 shares during the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director Earl C. Shanks purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were purchased at an average cost of $42.24 per share, with a total value of $422,400.00. Following the completion of the purchase, the director owned 107,259 shares in the company, valued at approximately $4,530,620.16. This represents a 10.28% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 4.11% of the stock is owned by company insiders.

Analyst Ratings Changes

GLPI has been the topic of a number of research reports. Citizens Jmp decreased their price target on shares of Gaming and Leisure Properties from $55.00 to $49.00 and set a “market outperform” rating on the stock in a research note on Friday, October 2nd. Weiss Ratings cut Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Scotiabank cut their price objective on Gaming and Leisure Properties from $49.00 to $43.00 and set a “sector perform” rating for the company in a research note on Thursday, September 24th. Truist Financial cut their price objective on Gaming and Leisure Properties from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, October 20th. Finally, Morgan Stanley reduced their target price on Gaming and Leisure Properties from $55.00 to $50.00 and set an “equal weight” rating for the company in a report on Thursday, September 17th. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Gaming and Leisure Properties has an average rating of “Moderate Buy” and a consensus price target of $47.69.

Gaming and Leisure Properties Stock Down 0.4%

NASDAQ GLPI opened at $39.39 on Tuesday. The business has a fifty day moving average price of $40.21 and a 200 day moving average price of $44.61. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.74 and a current ratio of 4.74. The company has a market cap of $11.46 billion, a P/E ratio of 11.55, a P/E/G ratio of 1.65 and a beta of 0.65. Gaming and Leisure Properties, Inc. has a one year low of $37.33 and a one year high of $49.95.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The company had revenue of $430.52 million for the quarter, compared to analysts’ expectations of $428.51 million. During the same quarter in the previous year, the company posted $0.96 EPS. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. Research analysts anticipate that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date was Friday, September 11th. Gaming and Leisure Properties’s dividend payout ratio is 96.19%.

Gaming and Leisure Properties Profile

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust that owns and leases gaming and entertainment properties. The company primarily operates as a landlord, generating rental income through long-term agreements with casino operators rather than directly managing most of the gaming facilities located on its properties.

GLPI’s portfolio includes casinos, resorts, racetracks and related entertainment facilities across the United States. Its leases are generally structured as triple-net agreements, under which tenants are typically responsible for property-level expenses such as maintenance, insurance and real estate taxes.