Prevail Innovative Wealth Advisors LLC Acquires 20,986 Shares of Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Prevail Innovative Wealth Advisors increased its stake in Gaming and Leisure Properties (GLPI) by 47.7% in Q3, buying 20,986 shares to hold 65,012 shares worth about $3.03 million.
• GLPI announced a quarterly dividend of $0.78 (annualized $3.12) with a 6.4% yield, ex-dividend on March 13 and payable March 27, though the payout ratio is a high 107.22%.
• GLPI reported Q earnings of $0.99 EPS versus $0.98 expected and revenue of $407.0M (up 4.5% y/y), set FY2026 EPS guidance of 4.060–4.110, and carries an average analyst target of about $51.95.

Prevail Innovative Wealth Advisors LLC increased its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 47.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 65,012 shares of the real estate investment trust's stock after purchasing an additional 20,986 shares during the period. Prevail Innovative Wealth Advisors LLC's holdings in Gaming and Leisure Properties were worth $3,030,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in GLPI. Spire Wealth Management increased its position in 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 worth $29,000 after buying an additional 238 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Gaming and Leisure Properties by 89.3% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 655 shares of the real estate investment trust's stock worth $31,000 after buying an additional 309 shares during the last quarter. Quent Capital LLC bought a new stake in shares of Gaming and Leisure Properties in the third quarter valued at approximately $31,000. Bayforest Capital Ltd boosted its position in shares of Gaming and Leisure Properties by 412.1% in the third 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. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Gaming and Leisure Properties in the second quarter worth $39,000. Institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ GLPI opened at $48.91 on Friday. The firm has a market capitalization of $13.85 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 2.70 and a beta of 0.64. Gaming and Leisure Properties, Inc. has a one year low of $41.17 and a one year high of $52.24. The business has a fifty day simple moving average of $46.16 and a 200 day simple moving average of $45.62. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 1.45.

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

Gaming and Leisure Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Friday, March 13th. Gaming and Leisure Properties's payout ratio is 107.22%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on GLPI shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Gaming and Leisure Properties in a research report on Thursday, January 22nd. Morgan Stanley increased their price target on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an "equal weight" rating in a report on Wednesday, December 24th. Stifel Nicolaus set a $48.50 price target on shares of Gaming and Leisure Properties in a research report on Thursday, February 12th. Mizuho set a $50.00 price objective on shares of Gaming and Leisure Properties and gave the stock an "outperform" rating in a report on Wednesday, December 17th. Finally, Barclays upped 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 report on Thursday, February 12th. Six 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 has an average rating of "Moderate Buy" and an average target price of $51.95.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the firm's stock in a transaction dated 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 owned 130,429 shares in the company, valued at $6,178,421.73. This trade represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Steven Ladany sold 13,409 shares of Gaming and Leisure Properties stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $45.04, for a total value of $603,941.36. Following the sale, the senior vice president directly owned 57,886 shares in the company, valued at $2,607,185.44. The trade was a 18.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 69,042 shares of company stock worth $3,203,844. Insiders own 4.26% of the company's stock.

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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