Exchange Traded Concepts LLC Acquires 118,885 Shares of Gaming and Leisure Properties, Inc. $GLPI

Exchange Traded Concepts LLC lifted its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 252.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 165,974 shares of the real estate investment trust’s stock after acquiring an additional 118,885 shares during the period. Exchange Traded Concepts LLC owned approximately 0.06% of Gaming and Leisure Properties worth $7,417,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Barclays PLC boosted its holdings in Gaming and Leisure Properties by 1,525.0% in 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 purchasing an additional 3,785,669 shares during the period. Norges Bank bought a new position in shares of Gaming and Leisure Properties during the second quarter worth approximately $175,169,000. Balyasny Asset Management L.P. bought a new position in shares of Gaming and Leisure Properties during the second quarter worth approximately $124,785,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Gaming and Leisure Properties by 711.8% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,369,851 shares of the real estate investment trust’s stock valued at $110,459,000 after buying an additional 2,077,937 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Gaming and Leisure Properties by 175.7% in the third quarter. Bank of America Corp DE now owns 2,364,746 shares of the real estate investment trust’s stock valued at $110,221,000 after buying an additional 1,507,006 shares in the last quarter. 91.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on GLPI shares. Weiss Ratings reissued a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Thursday, January 22nd. Scotiabank lifted their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a report on Tuesday, March 10th. Barclays cut their target price on Gaming and Leisure Properties from $53.00 to $52.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Stifel Nicolaus set a $48.50 target price on Gaming and Leisure Properties in a report on Thursday, February 12th. Finally, Morgan Stanley raised their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 24th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $52.32.

Gaming and Leisure Properties Stock Performance

Shares of Gaming and Leisure Properties stock opened at $43.93 on Monday. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 1.45. The company has a market cap of $12.44 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 1.96 and a beta of 0.64. The company has a 50 day moving average of $46.73 and a 200-day moving average of $45.49. Gaming and Leisure Properties, Inc. has a 1-year low of $41.17 and a 1-year high of $51.44.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, beating 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 business had revenue of $407.03 million for the quarter, compared to analysts’ expectations of $406.02 million. During the same period last year, the firm posted $0.95 earnings per share. The firm’s quarterly 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. As a group, equities research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 7.1%. Gaming and Leisure Properties’s payout ratio is 107.22%.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, SVP Steven Ladany sold 18,000 shares of Gaming and Leisure Properties stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $44.77, for a total value of $805,860.00. Following the transaction, the senior vice president owned 65,099 shares in the company, valued at $2,914,482.23. The trade was a 21.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Brandon John Moore sold 16,884 shares of the business’s 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 transaction, the chief operating officer directly owned 257,874 shares of the company’s stock, valued at approximately $12,390,845.70. The trade was a 6.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 69,042 shares of company stock worth $3,203,844 over the last 90 days. Corporate insiders own 4.26% of the company’s stock.

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.