Deroy & Devereaux Private Investment Counsel Inc. Buys 57,305 Shares of Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Deroy & Devereaux increased its GLPI stake by 90.5% in the third quarter, purchasing 57,305 additional shares for a total of 120,625 shares valued at approximately $4.58 million. Institutional investors collectively own 91.14% of the company.
• Analyst sentiment remains favorable, with nine Buy ratings and seven Hold ratings producing a “Moderate Buy” consensus and an average price target of $47.69, despite several analysts lowering their targets.
• GLPI reported quarterly revenue of $430.52 million and EPS of $0.80, while paying a quarterly dividend of $0.82, equivalent to an annualized $3.28 dividend and an8.3% yield.

Deroy & Devereaux Private Investment Counsel Inc. grew its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 90.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 120,625 shares of the real estate investment trust's stock after buying an additional 57,305 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc.'s holdings in Gaming and Leisure Properties were worth $4,580,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Essential Partners LLC grew its holdings in Gaming and Leisure Properties by 38.2% during the first quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 240 shares during the period. Arizona State Retirement System raised its position in Gaming and Leisure Properties by 0.3% during the second quarter. Arizona State Retirement System now owns 77,143 shares of the real estate investment trust's stock valued at $3,435,000 after acquiring an additional 243 shares in the last quarter. Mather Group LLC. raised its position in Gaming and Leisure Properties by 54.2% during the third quarter. Mather Group LLC. now owns 799 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 281 shares in the last quarter. IFM Investors Pty Ltd lifted its holdings in Gaming and Leisure Properties by 0.3% in the first quarter. IFM Investors Pty Ltd now owns 86,189 shares of the real estate investment trust's stock valued at $3,824,000 after acquiring an additional 284 shares during the period. Finally, Bank of Nova Scotia lifted its holdings in Gaming and Leisure Properties by 1.0% in the first quarter. Bank of Nova Scotia now owns 29,602 shares of the real estate investment trust's stock valued at $1,313,000 after acquiring an additional 284 shares during the period. Institutional investors and hedge funds own 91.14% of the company's stock.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director Earl C. Shanks acquired 10,000 shares of the company's stock in a transaction on Tuesday, August 18th. The shares were bought at an average cost of $42.24 per share, with a total value of $422,400.00. Following the completion of the acquisition, the director owned 107,259 shares in the company, valued at approximately $4,530,620.16. This trade represents a 10.28% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 4.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on GLPI shares. Raymond James Financial restated an "outperform" rating and issued a $47.00 price objective on shares of Gaming and Leisure Properties in a research report on Thursday, August 13th. Citizens Jmp dropped their price objective on shares of Gaming and Leisure Properties from $55.00 to $49.00 and set a "market outperform" rating on the stock in a research note on Friday, October 2nd. Morgan Stanley cut their target price on shares of Gaming and Leisure Properties from $55.00 to $50.00 and set an "equal weight" rating for the company in a report on Thursday, September 17th. Piper Sandler upgraded shares of Gaming and Leisure Properties to a "buy" rating in a research note on Friday, October 2nd. Finally, Stifel Nicolaus decreased their target price on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a "hold" rating for the company in a research note on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $47.69.

Gaming and Leisure Properties Trading Down 0.4%

GLPI stock opened at $39.39 on Tuesday. The company's 50-day simple moving average is $40.21 and its 200-day simple moving average is $44.61. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.51. Gaming and Leisure Properties, Inc. has a 52-week low of $37.33 and a 52-week high of $49.95. The firm has a market cap of $11.46 billion, a P/E ratio of 11.55, a PEG ratio of 1.65 and a beta of 0.65.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, meeting analysts' consensus estimates of $0.80. Gaming and Leisure Properties had a return on equity of 19.17% and a net margin of 59.01%. The firm had revenue of $430.52 million for the quarter, compared to analysts' expectations of $428.51 million. During the same period last year, the firm earned $0.96 EPS. The company'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. As a group, equities analysts forecast that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend was Friday, September 11th. Gaming and Leisure Properties's dividend payout ratio (DPR) is presently 96.19%.

Gaming and Leisure Properties Profile

Gaming and Leisure Properties, Inc NASDAQ: GLPI is a real estate investment trust that owns and leases gaming and entertainment properties. The company primarily operates as a landlord, generating rental income through long-term agreements with casino operators rather than directly managing most of the gaming facilities located on its properties.

GLPI's portfolio includes casinos, resorts, racetracks and related entertainment facilities across the United States. Its leases are generally structured as triple-net agreements, under which tenants are typically responsible for property-level expenses such as maintenance, insurance and real estate taxes.

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