Citigroup Inc. Grows Position in Gaming and Leisure Properties, Inc. $GLPI

Citigroup Inc. grew its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 103.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 341,783 shares of the real estate investment trust’s stock after acquiring an additional 174,141 shares during the quarter. Citigroup Inc. owned 0.12% of Gaming and Leisure Properties worth $15,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in GLPI. Spire Wealth Management boosted its holdings in 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 purchasing an additional 238 shares during the last quarter. Securian Asset Management Inc. boosted its stake in shares of Gaming and Leisure Properties by 1.3% in the 3rd 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 boosted its stake in shares of Gaming and Leisure Properties by 4.8% in the 3rd 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. Truist Financial Corp grew its holdings in shares of Gaming and Leisure Properties by 0.4% in the third quarter. Truist Financial Corp now owns 85,547 shares of the real estate investment trust’s stock valued at $3,987,000 after acquiring an additional 299 shares in the last quarter. Finally, Penserra Capital Management LLC increased its position in shares of Gaming and Leisure Properties by 1.1% during the second quarter. Penserra Capital Management LLC now owns 27,735 shares of the real estate investment trust’s stock valued at $1,294,000 after acquiring an additional 305 shares during the last quarter. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Trading Up 0.6%

Shares of Gaming and Leisure Properties stock opened at $48.91 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 3.84 and a current ratio of 3.84. The stock has a market capitalization of $13.85 billion, a P/E ratio of 16.81, a P/E/G ratio of 2.69 and a beta of 0.67. Gaming and Leisure Properties, Inc. has a 52-week low of $41.17 and a 52-week high of $52.24. The stock’s 50-day simple moving average is $45.69 and its 200 day simple moving average is $45.51.

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

Gaming and Leisure Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Friday, March 13th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 107.22%.

Wall Street Analyst Weigh In

Several research firms have weighed in on GLPI. Cantor Fitzgerald cut their price objective on Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Scotiabank cut their price target on shares of Gaming and Leisure Properties from $50.00 to $48.00 and set a “sector perform” rating on the stock in a report on Monday, February 2nd. JPMorgan Chase & Co. upgraded shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $52.00 to $53.00 in a report on Friday, December 12th. Barclays lifted their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Finally, Mizuho set a $50.00 target price on shares of Gaming and Leisure Properties and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $51.95.

Insider Buying and Selling

In related news, SVP Steven Ladany sold 18,000 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $44.77, for a total transaction of $805,860.00. Following the sale, the senior vice president directly owned 65,099 shares in the company, valued at approximately $2,914,482.23. The trade was a 21.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Brandon John Moore sold 16,884 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $48.05, for a total value of $811,276.20. Following the sale, the chief operating officer directly owned 257,874 shares in the company, valued at $12,390,845.70. This trade represents a 6.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 69,042 shares of company stock valued at $3,203,844 in the last ninety days. 4.26% of the stock is owned by company 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.