Bayhunt Capital LLC Purchases New Position in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Bayhunt Capital LLC purchased 331,409 shares of Gaming and Leisure Properties (GLPI) in Q4 for about $14.81 million, making GLPI ~8.2% of Bayhunt’s portfolio and its second-largest holding; Bayhunt owned roughly 0.12% of GLPI at quarter-end.
• GLPI pays a quarterly dividend of $0.78 (annualized $3.12) for a 6.7% yield
• Analysts hold a consensus rating of "Moderate Buy" with an average price target of $52.32 (six Buy, six Hold), while institutional ownership is high at 91.14% and insiders have sold about 32,178 shares (~$1.55M) in the last 90 days.

Bayhunt Capital LLC purchased a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 331,409 shares of the real estate investment trust's stock, valued at approximately $14,811,000. Gaming and Leisure Properties accounts for approximately 8.2% of Bayhunt Capital LLC's portfolio, making the stock its 2nd largest position. Bayhunt Capital LLC owned approximately 0.12% of Gaming and Leisure Properties at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of GLPI. Spire Wealth Management raised its position in shares of Gaming and Leisure Properties by 62.3% in the 3rd quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 238 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Gaming and Leisure Properties in the 4th quarter valued at approximately $29,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Gaming and Leisure Properties by 89.3% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 655 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 309 shares during the period. Quent Capital LLC acquired a new stake in shares of Gaming and Leisure Properties in the 3rd quarter valued at approximately $31,000. Finally, Bayforest Capital Ltd raised its position in shares of Gaming and Leisure Properties by 412.1% in the 3rd quarter. Bayforest Capital Ltd now owns 676 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 544 shares during the period. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GLPI. Morgan Stanley increased their target price on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an "equal weight" rating in a research note on Wednesday, December 24th. Scotiabank increased their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a "sector perform" rating in a research note on Tuesday, March 10th. Mizuho increased their target price on Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 11th. Weiss Ratings reissued a "hold (c)" rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 22nd. Finally, UBS Group reissued a "buy" rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 8th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Gaming and Leisure Properties currently has a consensus rating of "Moderate Buy" and an average price target of $52.32.

Insider Transactions at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $47.37, for a total transaction of $189,480.00. Following the completion of the transaction, the director directly owned 130,429 shares of the company's stock, valued at $6,178,421.73. This trade represents a 2.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Brandon John Moore sold 16,884 shares of the firm's stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $48.05, for a total transaction of $811,276.20. Following the transaction, the chief operating officer directly owned 257,874 shares of the company's stock, valued at $12,390,845.70. This represents a 6.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 32,178 shares of company stock valued at $1,552,938 in the last ninety days. 4.26% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties Price Performance

NASDAQ GLPI opened at $46.70 on Friday. The business has a 50 day simple moving average of $46.70 and a 200 day simple moving average of $45.37. Gaming and Leisure Properties, Inc. has a 52-week low of $41.17 and a 52-week high of $50.31. The company has a debt-to-equity ratio of 1.45, a quick ratio of 3.84 and a current ratio of 3.84. The stock has a market cap of $13.23 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 2.08 and a beta of 0.68.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.01. The company had revenue of $407.03 million during the quarter, compared to analysts' expectations of $406.02 million. Gaming and Leisure Properties had a net margin of 52.24% and a return on equity of 17.10%. The business's quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the business earned $0.95 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. Analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend was Friday, March 13th. Gaming and Leisure Properties's dividend payout ratio (DPR) is currently 107.22%.

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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