Fieldview Capital Management LLC Invests $3.38 Million in Gaming and Leisure Properties, Inc. $GLPI

Fieldview Capital Management LLC acquired a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 72,452 shares of the real estate investment trust’s stock, valued at approximately $3,377,000.

Several other hedge funds have also recently bought and sold shares of the company. Barclays PLC boosted its holdings in Gaming and Leisure Properties by 1,525.0% during the 3rd quarter. Barclays PLC now owns 4,033,903 shares of the real estate investment trust’s stock valued at $188,020,000 after acquiring an additional 3,785,669 shares during the period. Norges Bank purchased a new stake in Gaming and Leisure Properties during the second quarter worth about $175,169,000. Balyasny Asset Management L.P. acquired a new stake in shares of Gaming and Leisure Properties during the second quarter worth about $124,785,000. Munich Reinsurance Co Stock Corp in Munich purchased a new position in shares of Gaming and Leisure Properties in the third quarter valued at approximately $64,448,000. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Gaming and Leisure Properties by 375.8% in the second quarter. Qube Research & Technologies Ltd now owns 1,329,251 shares of the real estate investment trust’s stock valued at $62,049,000 after purchasing an additional 1,049,863 shares during the period. Institutional investors and hedge funds own 91.14% of the company’s stock.

Insider Activity

In other Gaming and Leisure Properties news, CFO Desiree A. Burke sold 9,804 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $49.02, for a total value of $480,592.08. Following the sale, the chief financial officer directly owned 128,352 shares in the company, valued at $6,291,815.04. This trade represents a 7.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director E Scott Urdang sold 4,000 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $47.37, for a total value of $189,480.00. Following the completion of the sale, the director owned 130,429 shares in the company, valued at approximately $6,178,421.73. This represents a 2.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 69,042 shares of company stock valued at $3,203,844 in the last 90 days. Company insiders own 4.26% of the company’s stock.

Analysts Set New Price Targets

GLPI has been the topic of several recent research reports. Stifel Nicolaus set a $48.50 target price on shares of Gaming and Leisure Properties in a research note on Thursday, February 12th. UBS Group reissued a “buy” rating on shares of Gaming and Leisure Properties in a research report on Thursday, January 8th. Scotiabank dropped their price target on shares of Gaming and Leisure Properties from $50.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday, February 2nd. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $52.00 to $53.00 in a research report on Friday, December 12th. Finally, Mizuho set a $50.00 price objective on Gaming and Leisure Properties and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $51.95.

Gaming and Leisure Properties Stock Down 0.9%

GLPI stock opened at $48.91 on Monday. The company’s 50 day moving average price is $46.16 and its 200 day moving average price is $45.61. The company has a debt-to-equity ratio of 1.45, a quick ratio of 3.84 and a current ratio of 3.84. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.17 and a fifty-two week high of $52.24. 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 (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $0.99 earnings per share (EPS) 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 company had revenue of $407.03 million during the quarter, compared to the consensus estimate of $406.02 million. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. On average, equities research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently disclosed 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 of this dividend is Friday, March 13th. Gaming and Leisure Properties’s payout ratio is 107.22%.

Gaming and Leisure Properties Company 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.