27,470 Shares in Gaming and Leisure Properties, Inc. $GLPI Purchased by Empowered Funds LLC

Key Points

• Empowered Funds LLC purchased 27,470 shares of Gaming and Leisure Properties, valued at approximately $1.22 million. Institutional investors collectively own 91.14% of GLPI.
• Analysts maintain a generally neutral outlook, with five Buy and six Hold ratings producing an average “Hold” rating and a $50.20 price target.
• GLPI reported quarterly EPS of $0.80, matching estimates, while revenue rose 9% year over year to $430.52 million. The REIT also increased its quarterly dividend to $0.82 per share, representing a 7.4% annualized yield.

Empowered Funds LLC bought a new position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 27,470 shares of the real estate investment trust's stock, valued at approximately $1,219,000.

A number of other institutional investors have also modified their holdings of GLPI. First Trust Advisors LP raised its holdings in shares of Gaming and Leisure Properties by 78.7% in the second quarter. First Trust Advisors LP now owns 283,963 shares of the real estate investment trust's stock valued at $13,255,000 after acquiring an additional 125,098 shares in the last quarter. Cerity Partners LLC grew its holdings in Gaming and Leisure Properties by 18.6% during the 2nd quarter. Cerity Partners LLC now owns 10,233 shares of the real estate investment trust's stock worth $478,000 after acquiring an additional 1,608 shares in the last quarter. Bank of Nova Scotia increased its position in Gaming and Leisure Properties by 16.6% during the 2nd quarter. Bank of Nova Scotia now owns 18,603 shares of the real estate investment trust's stock valued at $868,000 after purchasing an additional 2,646 shares during the period. AXA S.A. increased its position in Gaming and Leisure Properties by 478.5% during the 2nd quarter. AXA S.A. now owns 39,543 shares of the real estate investment trust's stock valued at $1,846,000 after purchasing an additional 32,708 shares during the period. Finally, Squarepoint Ops LLC raised its holdings in shares of Gaming and Leisure Properties by 276.2% in the 2nd quarter. Squarepoint Ops LLC now owns 70,459 shares of the real estate investment trust's stock valued at $3,289,000 after purchasing an additional 51,731 shares in the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GLPI has been the topic of a number of recent research reports. Morgan Stanley increased their price objective on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the company an "equal weight" rating in a research note on Monday, July 6th. Scotiabank lowered their target price on Gaming and Leisure Properties from $52.00 to $49.00 and set a "sector perform" rating for the company in a report on Thursday, June 18th. Weiss Ratings upgraded Gaming and Leisure Properties from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, July 29th. Wells Fargo & Company cut their price target on Gaming and Leisure Properties from $48.00 to $45.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. cut their price target on Gaming and Leisure Properties from $53.00 to $51.00 and set an "overweight" rating on the stock in a report on Tuesday, June 30th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $50.20.

Insider Activity at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total value of $144,960.00. Following the sale, the director owned 127,429 shares in the company, valued at $6,157,369.28. This represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.11% of the stock is owned by company insiders.

Gaming and Leisure Properties Price Performance

NASDAQ GLPI opened at $44.14 on Friday. The firm's fifty day simple moving average is $45.11 and its two-hundred day simple moving average is $46.21. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.51. Gaming and Leisure Properties, Inc. has a 12-month low of $41.17 and a 12-month high of $49.95. The firm has a market capitalization of $12.84 billion, a P/E ratio of 12.94, a P/E/G ratio of 1.85 and a beta of 0.66.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. The firm had revenue of $430.52 million during the quarter, compared to analyst estimates of $428.51 million. Gaming and Leisure Properties had a return on equity of 19.17% and a net margin of 59.01%.The business's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.96 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. Analysts forecast that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $3.28 dividend on an annualized basis and a yield of 7.4%. This is an increase from Gaming and Leisure Properties's previous quarterly dividend of $0.78. Gaming and Leisure Properties's payout ratio is presently 96.19%.

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.

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