Sound Income Strategies LLC Increases Stock Holdings in Gaming and Leisure Properties, Inc. $GLPI

Sound Income Strategies LLC boosted its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 8.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 352,420 shares of the real estate investment trust’s stock after acquiring an additional 28,894 shares during the period. Sound Income Strategies LLC’s holdings in Gaming and Leisure Properties were worth $16,451,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Alpine Bank Wealth Management bought a new position in Gaming and Leisure Properties in the 1st quarter valued at $26,000. Private Trust Co. NA purchased a new stake in shares of Gaming and Leisure Properties in the first quarter worth $28,000. TD Private Client Wealth LLC boosted its stake in Gaming and Leisure Properties by 64.2% during the first quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 213 shares during the period. Wayfinding Financial LLC purchased a new position in Gaming and Leisure Properties during the first quarter worth about $33,000. Finally, Cullen Frost Bankers Inc. increased its stake in Gaming and Leisure Properties by 1,872.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 651 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 618 shares during the last quarter. Institutional investors own 91.14% of the company’s stock.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $46.54, for a total value of $139,620.00. Following the completion of the sale, the director directly owned 133,953 shares in the company, valued at $6,234,172.62. This trade represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 4.26% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set an “equal weight” rating for the company in a research report on Monday, June 2nd. Macquarie dropped their price objective on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating for the company in a report on Monday, July 28th. Scotiabank increased their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Thursday, August 28th. Royal Bank Of Canada lowered their price target on Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating on the stock in a research report on Monday, July 28th. Finally, Mizuho upped their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Gaming and Leisure Properties has an average rating of “Hold” and an average price target of $52.85.

Gaming and Leisure Properties Stock Performance

Shares of GLPI stock opened at $46.88 on Monday. The company has a market capitalization of $13.27 billion, a P/E ratio of 18.17, a PEG ratio of 10.19 and a beta of 0.73. Gaming and Leisure Properties, Inc. has a fifty-two week low of $44.48 and a fifty-two week high of $52.27. The company has a debt-to-equity ratio of 1.41, a quick ratio of 7.39 and a current ratio of 7.39. The stock has a 50 day moving average price of $46.99 and a two-hundred day moving average price of $47.49.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.01). The firm had revenue of $394.90 million during the quarter, compared to analysts’ expectations of $397.27 million. Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. Gaming and Leisure Properties’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.94 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. Analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a $0.78 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.12 annualized dividend and a yield of 6.7%. Gaming and Leisure Properties’s dividend payout ratio is 120.93%.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in the provision of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.