LDR Capital Management LLC Acquires 32,313 Shares of Gaming and Leisure Properties, Inc. $GLPI

LDR Capital Management LLC bought a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the third quarter, HoldingsChannel reports. The firm bought 32,313 shares of the real estate investment trust’s stock, valued at approximately $1,227,000. Gaming and Leisure Properties makes up approximately 1.4% of LDR Capital Management LLC’s holdings, making the stock its 18th largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of Gaming and Leisure Properties in the 2nd quarter worth about $1,596,811,000. State Street Corp increased its stake in shares of Gaming and Leisure Properties by 2.3% in the 2nd quarter. State Street Corp now owns 13,477,304 shares of the real estate investment trust’s stock worth $600,144,000 after acquiring an additional 305,154 shares in the last quarter. Jennison Associates LLC lifted its position in Gaming and Leisure Properties by 21.7% during the 1st quarter. Jennison Associates LLC now owns 4,378,409 shares of the real estate investment trust’s stock valued at $194,270,000 after acquiring an additional 781,198 shares during the period. Dimensional Fund Advisors LP lifted its position in Gaming and Leisure Properties by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,160,855 shares of the real estate investment trust’s stock valued at $184,614,000 after acquiring an additional 67,652 shares during the period. Finally, Deutsche Bank AG purchased a new position in Gaming and Leisure Properties during the 2nd quarter valued at about $151,300,000. 91.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GLPI has been the topic of several research reports. Citizens Jmp dropped their price objective on shares of Gaming and Leisure Properties from $55.00 to $49.00 and set a “market outperform” rating on the stock in a research note on Friday, October 2nd. Morgan Stanley cut their price objective on shares of Gaming and Leisure Properties from $55.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, September 17th. JPMorgan Chase & Co. downgraded shares of Gaming and Leisure Properties from an “overweight” rating to a “neutral” rating and set a $46.00 target price for the company. in a research note on Thursday, September 24th. Mizuho lowered their target price on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set an “outperform” rating for the company in a report on Wednesday, September 2nd. Finally, Weiss Ratings lowered shares of Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Gaming and Leisure Properties currently has a consensus rating of “Moderate Buy” and an average price target of $47.83.

Insider Transactions at Gaming and Leisure Properties

In other news, Director Earl C. Shanks purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were bought at an average price of $42.24 per share, for a total transaction of $422,400.00. Following the purchase, the director directly owned 107,259 shares in the company, valued at approximately $4,530,620.16. This trade represents a 10.28% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.11% of the stock is currently owned by insiders.

Gaming and Leisure Properties Stock Down 0.4%

Shares of NASDAQ:GLPI opened at $38.19 on Thursday. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.51. The stock has a fifty day simple moving average of $40.86 and a two-hundred day simple moving average of $44.16. Gaming and Leisure Properties, Inc. has a 12-month low of $37.33 and a 12-month high of $49.95. The stock has a market capitalization of $11.11 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 1.60 and a beta of 0.65.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates of $0.80. Gaming and Leisure Properties had a return on equity of 19.17% and a net margin of 59.01%. The firm had revenue of $430.52 million for the quarter, compared to analysts’ expectations of $428.51 million. During the same period in the prior year, the firm posted $0.96 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. On average, research analysts anticipate that Gaming and Leisure Properties, Inc. will post 4.03 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 8.6%. The ex-dividend date of this dividend was Friday, September 11th. Gaming and Leisure Properties’s payout ratio is currently 96.19%.

Gaming and Leisure Properties Company Profile

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust that owns and leases gaming and entertainment properties. The company generally leases its properties to casino operators under long-term, triple-net lease agreements, under which tenants are typically responsible for property-level operating expenses, maintenance, insurance and taxes.

GLPI’s portfolio primarily consists of casinos, racetracks and related facilities across the United States. Its tenants operate gaming, lodging, food and beverage, entertainment and other hospitality businesses, while GLPI focuses on owning the underlying real estate and managing its relationships with gaming operators.

The company was formed in 2013 through the separation of certain real estate assets from Penn National Gaming, now known as PENN Entertainment.