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

Key Points

• LDR Capital Management acquired 32,313 shares of Gaming and Leisure Properties, valued at approximately $1.23 million, making GLPI its 18th-largest portfolio holding. Institutional investors collectively own 91.14% of the company.
• Analysts maintain a “Moderate Buy” consensus on GLPI, with eight Buy ratings and seven Hold ratings and an average price target of $47.83.
• GLPI reported quarterly revenue of $430.52 million and earnings of $0.80 per share, while paying a quarterly dividend of $0.82 per share, equivalent to an annualized yield of about 8.6%.

LDR Capital Management LLC bought a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 32,313 shares of the real estate investment trust's stock, valued at approximately $1,227,000. Gaming and Leisure Properties accounts for 1.4% of LDR Capital Management LLC's investment portfolio, making the stock its 18th largest position.

A number of other institutional investors also recently modified their holdings of GLPI. SHP Wealth Management purchased a new position in Gaming and Leisure Properties during the 4th quarter valued at about $30,000. Markowski Investments bought a new position in Gaming and Leisure Properties during the 2nd quarter valued at approximately $35,000. Parkside Financial Bank & Trust raised its position in Gaming and Leisure Properties by 115.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 794 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 425 shares during the last quarter. Essential Partners LLC lifted its holdings in Gaming and Leisure Properties by 38.2% in the 1st quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust's stock worth $39,000 after buying an additional 240 shares during the period. Finally, Blue Trust Inc. purchased a new stake in Gaming and Leisure Properties in the 1st quarter worth approximately $40,000. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on GLPI shares. Royal Bank Of Canada cut their price objective on Gaming and Leisure Properties from $54.00 to $52.00 and set an "outperform" rating on the stock in a research report on Monday, August 3rd. Piper Sandler upgraded Gaming and Leisure Properties to a "buy" rating in a report on Friday, October 2nd. Scotiabank decreased their target price on Gaming and Leisure Properties from $49.00 to $43.00 and set a "sector perform" rating for the company in a report on Thursday, September 24th. UBS Group set a $49.00 price target on Gaming and Leisure Properties in a research note on Thursday, June 18th. Finally, JPMorgan Chase & Co. lowered Gaming and Leisure Properties from an "overweight" rating to a "neutral" rating and set a $46.00 price target for the company. in a research note on Thursday, September 24th. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Gaming and Leisure Properties presently has an average rating of "Moderate Buy" and an average target price of $47.83.

Gaming and Leisure Properties Trading Down 0.4%

Shares of GLPI opened at $38.19 on Thursday. The firm's 50-day moving average price is $40.86 and its 200-day moving average price is $44.16. The firm 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. 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 1-year low of $37.33 and a 1-year high of $49.95.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The company had revenue of $430.52 million for the quarter, compared to analysts' expectations of $428.51 million. During the same quarter in the previous year, the company earned $0.96 earnings per share. Gaming and Leisure Properties'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. Sell-side analysts anticipate that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 8.6%. The ex-dividend date of this dividend was Friday, September 11th. Gaming and Leisure Properties's payout ratio is presently 96.19%.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director Earl C. Shanks bought 10,000 shares of Gaming and Leisure Properties stock in a transaction on Tuesday, August 18th. The shares were purchased at an average price of $42.24 per share, for a total transaction of $422,400.00. Following the acquisition, the director owned 107,259 shares of the company's stock, valued at approximately $4,530,620.16. The trade was a 10.28% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 4.11% of the company's stock.

About Gaming and Leisure Properties

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.

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