Hsbc Holdings PLC Has $34.23 Million Stock Position in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Hsbc Holdings PLC increased its Gaming and Leisure Properties stake by 10.2% in the second quarter, owning 768,161 shares worth approximately $34.23 million. Institutional investors collectively hold 91.14% of GLPI’s outstanding stock.
• GLPI reported quarterly revenue of $430.52 million and adjusted earnings of $0.80 per share, matching analyst expectations, while revenue rose 9% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $49.27.
• The REIT declared a quarterly dividend of $0.82 per share, equivalent to $3.28 annually and a 7.8% yield; its payout ratio is 96.19%.

Hsbc Holdings PLC boosted its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 10.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 768,161 shares of the real estate investment trust's stock after acquiring an additional 71,331 shares during the quarter. Hsbc Holdings PLC owned approximately 0.26% of Gaming and Leisure Properties worth $34,230,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Lasalle Investment Management Securities LLC increased its holdings in shares of Gaming and Leisure Properties by 17.0% in the second quarter. Lasalle Investment Management Securities LLC now owns 2,309,247 shares of the real estate investment trust's stock valued at $102,831,000 after purchasing an additional 334,933 shares in the last quarter. Empowered Funds LLC acquired a new position in Gaming and Leisure Properties during the 1st quarter worth $1,219,000. GSA Capital Partners LLP lifted its holdings in Gaming and Leisure Properties by 233.4% during the 4th quarter. GSA Capital Partners LLP now owns 35,715 shares of the real estate investment trust's stock worth $1,596,000 after buying an additional 25,002 shares in the last quarter. New Age Alpha Advisors LLC boosted its position in Gaming and Leisure Properties by 178.0% in the 4th quarter. New Age Alpha Advisors LLC now owns 71,844 shares of the real estate investment trust's stock valued at $3,211,000 after buying an additional 46,005 shares during the last quarter. Finally, OneDigital Investment Advisors LLC bought a new position in Gaming and Leisure Properties in the 2nd quarter valued at $4,684,000. Institutional investors and hedge funds own 91.14% of the company's stock.

Insiders Place Their Bets

In other Gaming and Leisure Properties 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 cost of $42.24 per share, for a total transaction 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. The trade was a 10.28% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director E. Urdang sold 3,000 shares of the business's stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total value of $144,960.00. Following the completion of the transaction, the director directly owned 127,429 shares of the company's stock, valued at approximately $6,157,369.28. The trade was a 2.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.11% of the stock is owned by corporate insiders.

Gaming and Leisure Properties Price Performance

Gaming and Leisure Properties stock opened at $41.92 on Tuesday. The firm has a market capitalization of $12.20 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 1.75 and a beta of 0.65. The company's 50 day simple moving average is $43.66 and its 200 day simple moving average is $45.79. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.74 and a quick ratio of 4.74. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.17 and a fifty-two week high of $49.95.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its earnings results 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 the consensus estimate of $428.51 million. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The business's quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. As a group, sell-side analysts anticipate that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a $0.82 dividend. The ex-dividend date is Friday, September 11th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 7.8%. Gaming and Leisure Properties's dividend payout ratio is currently 96.19%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada dropped their target price on Gaming and Leisure Properties from $54.00 to $52.00 and set an "outperform" rating for the company in a research report on Monday, August 3rd. JPMorgan Chase & Co. decreased 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. Barclays lowered their price objective on Gaming and Leisure Properties from $53.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, July 22nd. Mizuho dropped their price objective on Gaming and Leisure Properties from $53.00 to $48.00 and set an "outperform" rating for the company in a report on Wednesday, September 2nd. Finally, Weiss Ratings cut Gaming and Leisure Properties from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $49.27.

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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