OFI Invest Asset Management Invests $10.55 Million in Gaming and Leisure Properties, Inc. $GLPI

OFI Invest Asset Management acquired a new position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 236,102 shares of the real estate investment trust’s stock, valued at approximately $10,551,000. OFI Invest Asset Management owned approximately 0.08% of Gaming and Leisure Properties at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Spire Wealth Management increased its stake 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 purchasing an additional 238 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of 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 worth $31,000 after purchasing an additional 309 shares in the last quarter. Quent Capital LLC purchased a new stake in shares of Gaming and Leisure Properties in the 3rd quarter worth $31,000. Bayforest Capital Ltd increased its stake in shares of Gaming and Leisure Properties by 412.1% in the 3rd quarter. Bayforest Capital Ltd now owns 676 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 544 shares in the last quarter. Finally, True Wealth Design LLC increased its stake in shares of Gaming and Leisure Properties by 238.3% in the 4th quarter. True Wealth Design LLC now owns 866 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 610 shares in the last quarter. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GLPI has been the subject of several analyst reports. Royal Bank Of Canada upped their price objective on Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. UBS Group restated a “buy” rating on shares of Gaming and Leisure Properties in a research report on Thursday, January 8th. Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Thursday, January 22nd. JPMorgan Chase & Co. upgraded shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $52.00 to $53.00 in a research report on Friday, December 12th. Finally, Mizuho raised their price objective on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a research report on Wednesday, March 11th. 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $52.32.

Insider Activity at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 4,000 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 130,429 shares of the company’s stock, valued at approximately $6,178,421.73. This trade represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Brandon John Moore sold 16,884 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $48.05, for a total transaction of $811,276.20. Following the transaction, the chief operating officer directly owned 257,874 shares of the company’s stock, 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. Over the last ninety days, insiders sold 32,178 shares of company stock valued at $1,552,938. Corporate insiders own 4.26% of the company’s stock.

Gaming and Leisure Properties Stock Up 0.8%

Shares of GLPI stock opened at $46.54 on Friday. The company has a market capitalization of $13.18 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 2.06 and a beta of 0.68. Gaming and Leisure Properties, Inc. has a one year low of $41.17 and a one year high of $50.31. The company’s fifty day moving average price is $46.66 and its 200-day moving average price is $45.37. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.84 and a quick ratio of 3.84.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $0.99 EPS for the quarter, beating the consensus estimate of $0.98 by $0.01. The firm had revenue of $407.03 million for the quarter, compared to the consensus estimate of $406.02 million. Gaming and Leisure Properties had a net margin of 52.24% and a return on equity of 17.10%. The company’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm earned $0.95 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. Sell-side analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Friday, March 13th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 107.22%.

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.