Victory Capital Management Inc. Buys 28,843 Shares of Gaming and Leisure Properties, Inc. $GLPI

Victory Capital Management Inc. raised its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,182,228 shares of the real estate investment trust’s stock after acquiring an additional 28,843 shares during the period. Victory Capital Management Inc. owned approximately 0.42% of Gaming and Leisure Properties worth $55,104,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GLPI. Vanguard Group Inc. raised its position in shares of Gaming and Leisure Properties by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 37,905,759 shares of the real estate investment trust’s stock worth $1,766,787,000 after purchasing an additional 899,273 shares during the last quarter. Dodge & Cox grew its position in Gaming and Leisure Properties by 0.8% during the 2nd quarter. Dodge & Cox now owns 13,618,357 shares of the real estate investment trust’s stock valued at $635,705,000 after purchasing an additional 108,748 shares during the last quarter. Geode Capital Management LLC increased its stake in Gaming and Leisure Properties by 7.5% during the 2nd quarter. Geode Capital Management LLC now owns 6,948,979 shares of the real estate investment trust’s stock valued at $323,683,000 after purchasing an additional 483,174 shares in the last quarter. Invesco Ltd. increased its stake in Gaming and Leisure Properties by 3.2% during the 2nd quarter. Invesco Ltd. now owns 4,657,406 shares of the real estate investment trust’s stock valued at $217,408,000 after purchasing an additional 145,172 shares in the last quarter. Finally, Norges Bank purchased a new position in Gaming and Leisure Properties in the second quarter worth about $175,169,000. 91.14% of the stock is currently owned by institutional investors.

Insider Transactions at Gaming and Leisure Properties

In related news, CFO Desiree A. Burke sold 9,804 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $49.02, for a total transaction of $480,592.08. Following the completion of the sale, the chief financial officer owned 128,352 shares in the company, valued at approximately $6,291,815.04. This represents a 7.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director E Scott Urdang sold 4,000 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $47.37, for a total value of $189,480.00. Following the completion of the transaction, the director directly owned 130,429 shares in the company, valued at approximately $6,178,421.73. This represents a 2.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 69,042 shares of company stock valued at $3,203,844 over the last 90 days. 4.26% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 22nd. UBS Group restated a “buy” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 8th. Royal Bank Of Canada upped their price objective on 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. Mizuho set a $50.00 target price on Gaming and Leisure Properties and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Finally, Stifel Nicolaus set a $48.50 price target on Gaming and Leisure Properties in a research note on Thursday, February 12th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Gaming and Leisure Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.95.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ GLPI opened at $48.91 on Friday. The firm’s 50-day moving average price is $46.16 and its 200-day moving average price is $45.63. Gaming and Leisure Properties, Inc. has a 52-week low of $41.17 and a 52-week high of $52.24. The company has a market cap of $13.85 billion, a PE ratio of 16.81, a PEG ratio of 2.72 and a beta of 0.64. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 1.45.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued 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. Gaming and Leisure Properties had a net margin of 52.24% and a return on equity of 17.10%. The company had revenue of $407.03 million for the quarter, compared to the consensus estimate of $406.02 million. During the same quarter in the prior year, the firm earned $0.95 earnings per share. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. As a group, analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The company 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. This represents a $3.12 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Friday, March 13th. Gaming and Leisure Properties’s dividend payout ratio is presently 107.22%.

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.