Prevail Innovative Wealth Advisors LLC Has $3.03 Million Stake in Gaming and Leisure Properties, Inc. $GLPI

Prevail Innovative Wealth Advisors LLC raised its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 47.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,012 shares of the real estate investment trust’s stock after acquiring an additional 20,986 shares during the period. Prevail Innovative Wealth Advisors LLC’s holdings in Gaming and Leisure Properties were worth $3,030,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of GLPI. Parallel Advisors LLC boosted its stake in shares of Gaming and Leisure Properties by 70.9% in the 3rd quarter. Parallel Advisors LLC now owns 3,697 shares of the real estate investment trust’s stock valued at $172,000 after purchasing an additional 1,534 shares in the last quarter. Korea Investment CORP increased its position in shares of Gaming and Leisure Properties by 7.9% during the 3rd quarter. Korea Investment CORP now owns 265,844 shares of the real estate investment trust’s stock worth $12,391,000 after purchasing an additional 19,439 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of Gaming and Leisure Properties by 8.3% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 24,465 shares of the real estate investment trust’s stock worth $1,140,000 after purchasing an additional 1,865 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich bought a new position in Gaming and Leisure Properties during the 3rd quarter valued at about $64,448,000. Finally, Neo Ivy Capital Management lifted its holdings in Gaming and Leisure Properties by 217.2% during the 3rd quarter. Neo Ivy Capital Management now owns 21,174 shares of the real estate investment trust’s stock valued at $987,000 after purchasing an additional 14,498 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Gaming and Leisure Properties Stock Down 0.9%

Shares of NASDAQ GLPI opened at $48.91 on Friday. Gaming and Leisure Properties, Inc. has a 12-month low of $41.17 and a 12-month high of $52.24. The firm’s 50-day simple moving average is $46.16 and its 200 day simple moving average is $45.62. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 1.45. The company has a market cap of $13.85 billion, a price-to-earnings ratio of 16.81, a price-to-earnings-growth ratio of 2.70 and a beta of 0.64.

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, beating the consensus estimate 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 firm had revenue of $407.03 million during the quarter, compared to analysts’ expectations of $406.02 million. During the same quarter last year, the company posted $0.95 EPS. The company’s quarterly revenue 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. On average, research analysts expect 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. Stockholders of record on Friday, March 13th will be paid 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 107.22%.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, SVP Steven Ladany sold 13,409 shares of the company’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $45.04, for a total transaction of $603,941.36. Following the transaction, the senior vice president owned 57,886 shares of the company’s stock, valued at approximately $2,607,185.44. This represents a 18.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Brandon John Moore sold 16,884 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $48.05, for a total value of $811,276.20. Following the completion of the transaction, the chief operating officer owned 257,874 shares in the company, valued at $12,390,845.70. The trade was a 6.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 69,042 shares of company stock worth $3,203,844. 4.26% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GLPI. UBS Group reaffirmed a “buy” rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 8th. Royal Bank Of Canada lifted their target price on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “outperform” rating in a research note 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. Stifel Nicolaus set a $48.50 price target on Gaming and Leisure Properties in a research report on Thursday, February 12th. Finally, Scotiabank dropped their price target on Gaming and Leisure Properties from $50.00 to $48.00 and set a “sector perform” rating for the company in a report on Monday, February 2nd. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $51.95.

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.