Burney Co. Reduces Holdings in Gaming and Leisure Properties, Inc. $GLPI

Burney Co. lowered its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 15.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 91,969 shares of the real estate investment trust’s stock after selling 17,254 shares during the period. Burney Co.’s holdings in Gaming and Leisure Properties were worth $4,081,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in shares of Gaming and Leisure Properties in the 4th quarter valued at about $29,000. SHP Wealth Management acquired a new position in Gaming and Leisure Properties during the fourth quarter worth approximately $30,000. International Assets Investment Management LLC acquired a new position in Gaming and Leisure Properties during the fourth quarter worth approximately $31,000. True Wealth Design LLC lifted its stake in Gaming and Leisure Properties by 238.3% in the fourth quarter. True Wealth Design LLC now owns 866 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 610 shares during the last quarter. Finally, Blue Trust Inc. purchased a new stake in Gaming and Leisure Properties in the first quarter valued at approximately $40,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI opened at $44.07 on Wednesday. The stock has a fifty day moving average price of $46.56 and a 200 day moving average price of $46.30. Gaming and Leisure Properties, Inc. has a 1-year low of $41.17 and a 1-year high of $49.95. The company has a debt-to-equity ratio of 1.62, a current ratio of 6.29 and a quick ratio of 6.29. The company has a market cap of $12.49 billion, a PE ratio of 13.99, a P/E/G ratio of 1.88 and a beta of 0.66.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.06. The company had revenue of $419.99 million for the quarter, compared to analysts’ expectations of $417.15 million. Gaming and Leisure Properties had a net margin of 55.56% and a return on equity of 18.06%. Gaming and Leisure Properties’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.96 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. Sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 4.01 EPS for the current year.

Gaming and Leisure Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 7.4%. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. The ex-dividend date was Friday, June 12th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 104.13%.

Insider Activity

In related news, Director E Scott Urdang sold 3,000 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total transaction of $144,960.00. Following the completion of the transaction, the director directly owned 127,429 shares of the company’s stock, valued at $6,157,369.28. This represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 4.11% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

GLPI has been the topic of a number of research reports. Scotiabank lowered their target price on shares of Gaming and Leisure Properties from $52.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Thursday, June 18th. UBS Group set a $49.00 price target on shares of Gaming and Leisure Properties in a research note on Thursday, June 18th. JPMorgan Chase & Co. lowered their price objective on shares of Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 30th. Stifel Nicolaus set a $50.00 price objective on shares of Gaming and Leisure Properties in a research note on Friday, April 24th. Finally, Barclays lifted their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $52.20.

Gaming and Leisure Properties 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.