Gaming and Leisure Properties (NASDAQ:GLPI) Director E Scott Urdang Sells 4,000 Shares

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director E Scott Urdang sold 4,000 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $47.37, for a total transaction of $189,480.00. Following the transaction, the director owned 130,429 shares in the company, valued at $6,178,421.73. This represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Gaming and Leisure Properties Stock Performance

GLPI opened at $47.79 on Tuesday. 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 12-month low of $41.17 and a 12-month high of $52.24. The business has a 50 day moving average of $45.41 and a 200-day moving average of $45.43. The stock has a market cap of $13.53 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 2.61 and a beta of 0.67.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.01. Gaming and Leisure Properties had a return on equity of 17.10% and a net margin of 52.24%.The business had revenue of $407.03 million during the quarter, compared to the consensus estimate of $406.02 million. During the same quarter last year, the firm posted $0.95 EPS. The company’s quarterly revenue was up 4.5% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. On average, equities research 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.12 annualized dividend and a dividend yield of 6.5%. Gaming and Leisure Properties’s dividend payout ratio is currently 107.22%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on GLPI shares. Scotiabank reduced their price target on Gaming and Leisure Properties from $50.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, February 2nd. Royal Bank Of Canada lifted their target price on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an “outperform” rating in a research note on Monday. Cantor Fitzgerald cut their price target on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Morgan Stanley lifted their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 24th. Finally, JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and upped their target price for the company from $52.00 to $53.00 in a research report on Friday, December 12th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $51.95.

Hedge Funds Weigh In On Gaming and Leisure Properties

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Gaming and Leisure Properties by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 37,905,759 shares of the real estate investment trust’s stock valued at $1,766,787,000 after purchasing an additional 899,273 shares in the last quarter. Dodge & Cox grew its holdings in Gaming and Leisure Properties by 0.8% during the second quarter. Dodge & Cox now owns 13,618,357 shares of the real estate investment trust’s stock worth $635,705,000 after buying an additional 108,748 shares in the last quarter. State Street Corp raised its position in Gaming and Leisure Properties by 1.2% in the 4th quarter. State Street Corp now owns 12,893,098 shares of the real estate investment trust’s stock valued at $576,193,000 after buying an additional 147,683 shares during the last quarter. Wellington Management Group LLP lifted its stake in Gaming and Leisure Properties by 1.7% during the 4th quarter. Wellington Management Group LLP now owns 11,592,034 shares of the real estate investment trust’s stock valued at $518,048,000 after acquiring an additional 198,582 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Gaming and Leisure Properties by 7.3% during the 4th quarter. Principal Financial Group Inc. now owns 7,764,876 shares of the real estate investment trust’s stock worth $347,012,000 after acquiring an additional 525,317 shares during the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Gaming and Leisure Properties Company 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.