Bamco Inc. NY Has $83.07 Million Holdings in Gaming and Leisure Properties, Inc. $GLPI

Bamco Inc. NY lessened its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 63.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,858,796 shares of the real estate investment trust’s stock after selling 3,285,200 shares during the period. Bamco Inc. NY’s holdings in Gaming and Leisure Properties were worth $83,070,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of GLPI. Lighthouse Investment Partners LLC acquired a new stake in Gaming and Leisure Properties in the 3rd quarter valued at approximately $10,117,000. LDR Capital Management LLC acquired a new position in Gaming and Leisure Properties during the 4th quarter worth approximately $2,392,000. Raiffeisen Bank International AG acquired a new position in Gaming and Leisure Properties during the 3rd quarter worth approximately $703,000. Sound Income Strategies LLC grew its stake in shares of Gaming and Leisure Properties by 11.7% during the 4th quarter. Sound Income Strategies LLC now owns 415,085 shares of the real estate investment trust’s stock worth $19,235,000 after acquiring an additional 43,501 shares in the last quarter. Finally, Bayhunt Capital LLC bought a new position in shares of Gaming and Leisure Properties during the 4th quarter worth approximately $14,811,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Trading Down 3.1%

Shares of Gaming and Leisure Properties stock opened at $45.26 on Thursday. The stock has a market cap of $12.83 billion, a P/E ratio of 14.37, a P/E/G ratio of 2.02 and a beta of 0.66. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties, Inc. has a 12-month low of $41.17 and a 12-month high of $49.95. The business’s 50 day moving average is $47.18 and its 200-day moving average is $46.16.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. Gaming and Leisure Properties had a net margin of 55.56% and a return on equity of 18.06%. The business had revenue of $419.99 million for the quarter, compared to the consensus estimate of $417.15 million. During the same period in the previous year, the company earned $0.96 earnings per share. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. Equities research analysts predict that Gaming and Leisure Properties, Inc. will post 4 earnings per share for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend is Friday, June 12th. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. Gaming and Leisure Properties’s payout ratio is currently 104.13%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Scotiabank boosted their price objective on shares of Gaming and Leisure Properties from $50.00 to $52.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 12th. Mizuho raised their target price 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. Royal Bank Of Canada lifted their price target on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Weiss Ratings raised shares of Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 15th. Finally, Barclays increased their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock 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 assigned a Hold rating to the company’s stock. According to MarketBeat, Gaming and Leisure Properties presently has an average rating of “Moderate Buy” and an average target price of $52.89.

Insider Activity

In related news, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total value of $144,960.00. Following the completion of the sale, the director directly owned 127,429 shares in the company, valued at approximately $6,157,369.28. This trade represents a 2.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 4.11% of the company’s stock.

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.