Algert Global LLC Takes $11.24 Million Position in Gaming and Leisure Properties, Inc. $GLPI

Algert Global LLC acquired a new position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 241,045 shares of the real estate investment trust’s stock, valued at approximately $11,235,000. Algert Global LLC owned approximately 0.09% of Gaming and Leisure Properties as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Gaming and Leisure Properties by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 37,905,759 shares of the real estate investment trust’s stock valued at $1,766,787,000 after purchasing an additional 899,273 shares during the last quarter. Dodge & Cox increased its holdings in shares of Gaming and Leisure Properties by 0.8% during the second quarter. Dodge & Cox now owns 13,618,357 shares of the real estate investment trust’s stock valued at $635,705,000 after acquiring an additional 108,748 shares in the last quarter. Geode Capital Management LLC boosted its stake in Gaming and Leisure Properties by 7.5% in the 2nd quarter. Geode Capital Management LLC now owns 6,948,979 shares of the real estate investment trust’s stock worth $323,683,000 after purchasing an additional 483,174 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Gaming and Leisure Properties by 3.2% in the second quarter. Invesco Ltd. now owns 4,657,406 shares of the real estate investment trust’s stock worth $217,408,000 after buying an additional 145,172 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Gaming and Leisure Properties by 3.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,107,048 shares of the real estate investment trust’s stock worth $191,432,000 after buying an additional 147,375 shares in the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Stock Performance

Shares of GLPI stock opened at $47.58 on Monday. The stock has a market cap of $13.48 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 2.12 and a beta of 0.64. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 1.45. The business has a 50-day simple moving average of $46.51 and a 200-day simple moving average of $45.62. Gaming and Leisure Properties, Inc. has a 52-week low of $41.17 and a 52-week high of $51.44.

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 return on equity of 17.10% and a net margin of 52.24%.The firm had revenue of $407.03 million for the quarter, compared to analyst estimates of $406.02 million. During the same period in the previous year, the company posted $0.95 earnings per share. The business’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. On average, equities analysts expect 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 announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Friday, March 13th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 107.22%.

Analyst Upgrades and Downgrades

GLPI has been the subject of a number of recent research reports. Morgan Stanley boosted their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 24th. UBS Group reiterated a “buy” rating on shares of Gaming and Leisure Properties in a research report on Thursday, January 8th. Barclays lowered their price objective on Gaming and Leisure Properties from $53.00 to $52.00 and set an “overweight” rating for the company in a research note on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 22nd. Finally, Scotiabank boosted their price objective on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 10th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $52.32.

Insider Transactions at Gaming and Leisure Properties

In related news, COO Brandon John Moore sold 16,884 shares of the business’s 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. The trade was a 6.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Steven Ladany sold 13,409 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $45.04, for a total transaction of $603,941.36. Following the sale, the senior vice president directly owned 57,886 shares in the company, valued at approximately $2,607,185.44. The trade was a 18.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 69,042 shares of company stock worth $3,203,844 over the last quarter. 4.26% of the stock is owned by corporate 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.