Burney Co. Sells 18,001 Shares of Gaming and Leisure Properties, Inc. $GLPI

Burney Co. lessened its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 14.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,223 shares of the real estate investment trust’s stock after selling 18,001 shares during the quarter. Burney Co.’s holdings in Gaming and Leisure Properties were worth $4,881,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in GLPI. First Trust Advisors LP boosted its holdings in shares of Gaming and Leisure Properties by 78.7% in the second quarter. First Trust Advisors LP now owns 283,963 shares of the real estate investment trust’s stock valued at $13,255,000 after buying an additional 125,098 shares during the period. Cerity Partners LLC boosted its holdings in shares of Gaming and Leisure Properties by 18.6% in the second quarter. Cerity Partners LLC now owns 10,233 shares of the real estate investment trust’s stock valued at $478,000 after buying an additional 1,608 shares during the period. Bank of Nova Scotia boosted its holdings in shares of Gaming and Leisure Properties by 16.6% in the second quarter. Bank of Nova Scotia now owns 18,603 shares of the real estate investment trust’s stock valued at $868,000 after buying an additional 2,646 shares during the period. AXA S.A. boosted its holdings in shares of Gaming and Leisure Properties by 478.5% in the second quarter. AXA S.A. now owns 39,543 shares of the real estate investment trust’s stock valued at $1,846,000 after buying an additional 32,708 shares during the period. Finally, Squarepoint Ops LLC boosted its holdings in shares of Gaming and Leisure Properties by 276.2% in the second quarter. Squarepoint Ops LLC now owns 70,459 shares of the real estate investment trust’s stock valued at $3,289,000 after buying an additional 51,731 shares during the period. Institutional investors and hedge funds own 91.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 22nd. Stifel Nicolaus set a $48.50 price target on shares of Gaming and Leisure Properties in a report on Thursday, February 12th. Royal Bank Of Canada upped 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. Barclays reduced their price target on shares of Gaming and Leisure Properties from $53.00 to $52.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Finally, UBS Group restated a “buy” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 8th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $52.32.

Gaming and Leisure Properties Stock Performance

Shares of GLPI opened at $46.70 on Monday. Gaming and Leisure Properties, Inc. has a 12 month low of $41.17 and a 12 month high of $50.31. The firm has a fifty day simple moving average of $46.70 and a 200 day simple moving average of $45.36. The stock has a market capitalization of $13.23 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 2.08 and a beta of 0.68. 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) last announced its earnings results on Thursday, February 19th. The real estate investment trust reported $0.99 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $406.02 million. During the same quarter in the prior year, the company posted $0.95 earnings per share. The firm’s 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. Research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were issued a dividend of $0.78 per share. The ex-dividend date was Friday, March 13th. This represents a $3.12 annualized dividend and a yield of 6.7%. Gaming and Leisure Properties’s dividend payout ratio is presently 107.22%.

Insider Buying and Selling

In related news, COO Brandon John Moore sold 16,884 shares of the stock in a transaction 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 completion of the transaction, the chief operating officer owned 257,874 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, Director E Scott Urdang sold 4,000 shares of the stock in a transaction on 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 sale, the director owned 130,429 shares of the company’s stock, valued at approximately $6,178,421.73. This represents a 2.98% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 32,178 shares of company stock worth $1,552,938. 4.26% of the stock is owned by 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.