BNP Paribas Financial Markets Has $17.40 Million Holdings in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• BNP Paribas Financial Markets boosted its stake in Gaming and Leisure Properties by 20.6% in the fourth quarter, ending with 389,368 shares valued at about $17.4 million.
• Analyst sentiment remains positive overall, with six Buy ratings and five Hold ratings; the stock’s consensus view is “Moderate Buy” and the average price target is $52.89.
• GLPI reported stronger-than-expected quarterly results and raised its dividend to $0.82 per share, implying a 7.0% yield, although the payout ratio is high at 99.05%.

BNP Paribas Financial Markets increased its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 20.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 389,368 shares of the real estate investment trust's stock after acquiring an additional 66,638 shares during the period. BNP Paribas Financial Markets owned about 0.14% of Gaming and Leisure Properties worth $17,401,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in Gaming and Leisure Properties in the 4th quarter valued at about $29,000. International Assets Investment Management LLC purchased a new stake in Gaming and Leisure Properties in the 4th quarter valued at about $31,000. True Wealth Design LLC increased its stake in Gaming and Leisure Properties by 238.3% in the 4th quarter. True Wealth Design LLC now owns 866 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 610 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Gaming and Leisure Properties by 107.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 887 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 460 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Gaming and Leisure Properties by 48.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,212 shares of the real estate investment trust's stock valued at $57,000 after buying an additional 394 shares during the last quarter. Hedge funds and other institutional investors own 91.14% of the company's stock.

Analysts Set New Price Targets

GLPI has been the subject of several analyst reports. Weiss Ratings upgraded shares of Gaming and Leisure Properties from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, May 15th. Scotiabank increased their price objective on shares of Gaming and Leisure Properties from $50.00 to $52.00 and gave the company a "sector perform" rating in a research note on Tuesday, May 12th. Stifel Nicolaus set a $50.00 price objective on shares of Gaming and Leisure Properties in a research note on Friday, April 24th. Barclays increased their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an "overweight" rating in a research note on Tuesday, April 21st. Finally, Royal Bank Of Canada increased their price objective 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. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $52.89.

Gaming and Leisure Properties Stock Up 2.1%

GLPI stock opened at $47.17 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 6.29 and a current ratio of 6.29. The company has a market capitalization of $13.37 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 2.04 and a beta of 0.66. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.17 and a fifty-two week high of $49.95. The stock has a fifty day moving average of $46.76 and a 200-day moving average of $45.92.

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

Gaming and Leisure Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 7.0%. The ex-dividend date 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 dividend payout ratio is currently 99.05%.

About Gaming and Leisure Properties

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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