Allspring Global Investments Holdings LLC Trims Stock Position in Gaming and Leisure Properties, Inc. $GLPI

Allspring Global Investments Holdings LLC reduced its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 95.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 183,061 shares of the real estate investment trust’s stock after selling 3,938,885 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.06% of Gaming and Leisure Properties worth $8,132,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Spire Wealth Management increased its stake 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 valued at $29,000 after buying an additional 238 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in Gaming and Leisure Properties by 89.3% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 655 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 309 shares during the period. Quent Capital LLC purchased a new position in shares of Gaming and Leisure Properties during the 3rd quarter worth approximately $31,000. Bayforest Capital Ltd raised its stake in shares of Gaming and Leisure Properties by 412.1% during the 3rd quarter. Bayforest Capital Ltd now owns 676 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 544 shares in the last quarter. Finally, True Wealth Design LLC lifted its holdings in shares of Gaming and Leisure Properties by 238.3% in the 4th quarter. True Wealth Design LLC now owns 866 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 610 shares during the period. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Insider Activity

In related news, COO Brandon John Moore sold 16,884 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $48.05, for a total transaction of $811,276.20. Following the transaction, the chief operating officer owned 257,874 shares of the company’s stock, valued at approximately $12,390,845.70. This represents a 6.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Desiree A. Burke sold 9,804 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $49.02, for a total value of $480,592.08. Following the completion of the transaction, the chief financial officer owned 128,352 shares of the company’s stock, valued at $6,291,815.04. This trade represents a 7.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 45,587 shares of company stock worth $2,156,880. Company insiders own 4.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GLPI. Morgan Stanley upped their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 24th. UBS Group reaffirmed a “buy” rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 8th. Royal Bank Of Canada increased their price target on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 22nd. Finally, Stifel Nicolaus set a $48.50 price target on Gaming and Leisure Properties in a report on Thursday, February 12th. 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, Gaming and Leisure Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.32.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI opened at $44.42 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’s 50-day moving average price is $46.61 and its 200 day moving average price is $45.37. Gaming and Leisure Properties, Inc. has a 52 week low of $41.17 and a 52 week high of $50.89. The stock has a market cap of $12.58 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 1.98 and a beta of 0.68.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its 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 analysts’ expectations of $406.02 million. During the same quarter in the previous year, the business 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, 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were paid a $0.78 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.12 annualized dividend and a yield of 7.0%. Gaming and Leisure Properties’s payout ratio is presently 107.22%.

About Gaming and Leisure Properties

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.