Gaming and Leisure Properties, Inc. $GLPI Shares Sold by Bamco Inc. NY

Bamco Inc. NY lessened its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 30.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,143,996 shares of the real estate investment trust’s stock after selling 2,221,809 shares during the quarter. Gaming and Leisure Properties accounts for about 0.6% of Bamco Inc. NY’s holdings, making the stock its 27th biggest holding. Bamco Inc. NY owned approximately 1.82% of Gaming and Leisure Properties worth $239,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the stock. Spire Wealth Management lifted its holdings in shares of Gaming and Leisure Properties by 62.3% in the 3rd quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 238 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Gaming and Leisure Properties by 89.3% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 655 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 309 shares during the last quarter. Quent Capital LLC purchased a new stake in Gaming and Leisure Properties in the third quarter valued at approximately $31,000. Bayforest Capital Ltd raised its position in Gaming and Leisure Properties by 412.1% in the third quarter. Bayforest Capital Ltd now owns 676 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 544 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new position in Gaming and Leisure Properties during the second quarter worth $39,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Gaming and Leisure Properties Stock Performance

NASDAQ:GLPI opened at $47.58 on Friday. The company has a fifty day simple moving average of $46.51 and a two-hundred day simple moving average of $45.64. The company has a market cap of $13.48 billion, a price-to-earnings ratio of 16.35, a price-to-earnings-growth ratio of 2.12 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, Inc. has a 52 week low of $41.17 and a 52 week high of $51.44.

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

Gaming and Leisure Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a $0.78 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.12 dividend on an annualized basis and a yield of 6.6%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 107.22%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on GLPI shares. JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $52.00 to $53.00 in a research report on Friday, December 12th. Morgan Stanley boosted their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday, December 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 22nd. Mizuho raised their target price on Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Royal Bank Of Canada lifted their target price 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. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $52.32.

Insider Buying and Selling

In other Gaming and Leisure Properties news, CFO Desiree A. Burke sold 9,804 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $49.02, for a total transaction of $480,592.08. Following the completion of the transaction, the chief financial officer owned 128,352 shares in the company, valued at $6,291,815.04. The trade was a 7.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director E Scott Urdang sold 4,000 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $47.37, for a total transaction of $189,480.00. Following the completion of the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 69,042 shares of company stock worth $3,203,844. 4.26% of the stock is owned by corporate insiders.

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.