M&T Bank Corp Has $2.94 Million Stake in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• M&T Bank Corp boosted its stake in Gaming and Leisure Properties (GLPI) by 550.6% in Q4, buying an additional 55,596 shares to own 65,693 shares worth about $2.94 million.
• GLPI beat quarterly expectations with $0.82 EPS (vs. $0.76 expected) and $420.0M revenue (vs. $417.2M expected), and issued FY2026 guidance of 4.080–4.120 EPS versus analyst forecasts around 3.99.
• The company pays a quarterly dividend of $0.78 (annualized $3.12) for a 6.6% yield, but the dividend payout ratio is high at 99.05%; insiders sold about 32,178 shares (~$1.55M) last quarter.

M&T Bank Corp lifted its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 550.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,693 shares of the real estate investment trust's stock after purchasing an additional 55,596 shares during the period. M&T Bank Corp's holdings in Gaming and Leisure Properties were worth $2,936,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Spire Wealth Management raised its stake in shares of Gaming and Leisure Properties by 62.3% during the third quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust's stock worth $29,000 after buying an additional 238 shares during the last quarter. Kestra Private Wealth Services LLC raised its stake in shares of Gaming and Leisure Properties by 0.9% during the third quarter. Kestra Private Wealth Services LLC now owns 27,307 shares of the real estate investment trust's stock worth $1,273,000 after buying an additional 245 shares during the last quarter. Securian Asset Management Inc. raised its stake in shares of Gaming and Leisure Properties by 1.3% during the third quarter. Securian Asset Management Inc. now owns 21,195 shares of the real estate investment trust's stock worth $988,000 after buying an additional 265 shares during the last quarter. Apella Capital LLC raised its stake in shares of Gaming and Leisure Properties by 4.8% during the third quarter. Apella Capital LLC now owns 5,904 shares of the real estate investment trust's stock worth $263,000 after buying an additional 273 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Gaming and Leisure Properties by 9.2% during the fourth quarter. GAMMA Investing LLC now owns 3,278 shares of the real estate investment trust's stock worth $146,000 after buying an additional 277 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Gaming and Leisure Properties Stock Performance

Shares of GLPI opened at $47.27 on Tuesday. Gaming and Leisure Properties, Inc. has a 12 month low of $41.17 and a 12 month high of $49.95. The firm has a fifty day simple moving average of $46.99 and a 200 day simple moving average of $45.42. The stock has a market capitalization of $13.39 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 2.10 and a beta of 0.68. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 1.62.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.06. The firm had revenue of $419.99 million during the quarter, compared to analysts' expectations of $417.15 million. Gaming and Leisure Properties had a net margin of 55.56% and a return on equity of 18.06%. The company's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. Research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.99 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were paid a $0.78 dividend. The ex-dividend date was Friday, March 13th. This represents a $3.12 dividend on an annualized basis and a yield of 6.6%. Gaming and Leisure Properties's dividend payout ratio (DPR) is currently 99.05%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GLPI. Barclays boosted their price target on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 21st. Weiss Ratings reissued a "hold (c)" rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 22nd. Mizuho boosted their price target on shares of 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. Scotiabank boosted their price target on shares of 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. Finally, Stifel Nicolaus set a $50.00 target price on shares of Gaming and Leisure Properties in a research note on Friday. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, Gaming and Leisure Properties presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.30.

Insider Buying and Selling at Gaming and Leisure Properties

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

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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