Lazard Asset Management LLC Raises Position in Gaming and Leisure Properties, Inc. $GLPI

Lazard Asset Management LLC boosted its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 310.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,366 shares of the real estate investment trust’s stock after buying an additional 19,188 shares during the period. Lazard Asset Management LLC’s holdings in Gaming and Leisure Properties were worth $1,125,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC increased its position in shares of Gaming and Leisure Properties by 11.7% in the fourth quarter. Sound Income Strategies LLC now owns 415,085 shares of the real estate investment trust’s stock worth $19,235,000 after purchasing an additional 43,501 shares during the last quarter. LDR Capital Management LLC bought a new stake in Gaming and Leisure Properties during the fourth quarter valued at approximately $2,392,000. GSA Capital Partners LLP lifted its position in Gaming and Leisure Properties by 233.4% during the fourth quarter. GSA Capital Partners LLP now owns 35,715 shares of the real estate investment trust’s stock valued at $1,596,000 after purchasing an additional 25,002 shares during the last quarter. Bayhunt Capital LLC purchased a new position in Gaming and Leisure Properties in the 4th quarter worth approximately $14,811,000. Finally, New Age Alpha Advisors LLC increased its holdings in shares of Gaming and Leisure Properties by 178.0% in the 4th quarter. New Age Alpha Advisors LLC now owns 71,844 shares of the real estate investment trust’s stock worth $3,211,000 after buying an additional 46,005 shares during the last quarter. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Trading Down 0.9%

GLPI stock opened at $44.41 on Wednesday. The company has a market capitalization of $12.92 billion, a PE ratio of 13.02, a price-to-earnings-growth ratio of 1.98 and a beta of 0.66. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.74 and a current ratio of 4.74. Gaming and Leisure Properties, Inc. has a one year low of $41.17 and a one year high of $49.95. The company’s 50 day moving average price is $45.32 and its two-hundred day moving average price is $46.25.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.80. The company had revenue of $430.52 million during the quarter, compared to analysts’ expectations of $428.51 million. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. As a group, analysts predict that Gaming and Leisure Properties, Inc. will post 4.01 earnings per share for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a $0.82 dividend. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Friday, June 12th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 7.4%. Gaming and Leisure Properties’s dividend payout ratio is presently 96.19%.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total value of $144,960.00. Following the completion of the sale, the director owned 127,429 shares of the company’s stock, valued at approximately $6,157,369.28. The trade was a 2.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.11% of the company’s stock.

Wall Street Analysts Forecast Growth

GLPI has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 29th. Scotiabank reduced their target price on Gaming and Leisure Properties from $52.00 to $49.00 and set a “sector perform” rating on the stock in a research note on Thursday, June 18th. Barclays lowered their price target on Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. dropped their price target on Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating for the company in a research note on Tuesday, June 30th. Finally, Royal Bank Of Canada cut their price objective on Gaming and Leisure Properties from $54.00 to $52.00 and set an “outperform” rating for the company in a report on Monday. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $50.20.

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.