Gaming and Leisure Properties (NASDAQ:GLPI) Director E Scott Urdang Sells 3,000 Shares of Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director E Scott Urdang sold 3,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total transaction of $144,960.00. Following the completion of the sale, the director directly owned 127,429 shares in the company, valued at approximately $6,157,369.28. This represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Gaming and Leisure Properties Trading Down 1.1%

NASDAQ:GLPI opened at $47.87 on Friday. The firm’s fifty day moving average is $47.03 and its 200-day moving average is $46.06. The company has a debt-to-equity ratio of 1.62, a quick ratio of 6.29 and a current ratio of 6.29. Gaming and Leisure Properties, Inc. has a 52 week low of $41.17 and a 52 week high of $49.95. The firm has a market cap of $13.57 billion, a P/E ratio of 15.20, a P/E/G ratio of 2.09 and a beta of 0.66.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. Gaming and Leisure Properties had a net margin of 55.56% and a return on equity of 18.06%. The company had revenue of $419.99 million for the quarter, compared to analyst estimates of $417.15 million. During the same period in the prior year, the firm posted $0.96 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. Equities analysts expect that Gaming and Leisure Properties, Inc. will post 4 earnings per share for the current year.

Gaming and Leisure Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 6.9%. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. Gaming and Leisure Properties’s payout ratio is currently 99.05%.

Institutional Inflows and Outflows

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

Analyst Upgrades and Downgrades

GLPI has been the topic of a number of analyst reports. Weiss Ratings raised shares of Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 15th. Royal Bank Of Canada upped their price objective on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Barclays upped their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Stifel Nicolaus set a $50.00 target price on shares of Gaming and Leisure Properties in a research note on Friday, April 24th. Finally, Mizuho increased their target price on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $52.89.

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.