Sound Income Strategies LLC Boosts Holdings in Gaming and Leisure Properties, Inc. $GLPI

Sound Income Strategies LLC grew its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 2.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 426,881 shares of the real estate investment trust’s stock after acquiring an additional 11,796 shares during the period. Sound Income Strategies LLC owned about 0.15% of Gaming and Leisure Properties worth $18,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of GLPI. IFM Investors Pty Ltd lifted its position in shares of Gaming and Leisure Properties by 0.3% during the 1st quarter. IFM Investors Pty Ltd now owns 86,189 shares of the real estate investment trust’s stock valued at $3,824,000 after buying an additional 284 shares in the last quarter. iA Global Asset Management Inc. increased its holdings in Gaming and Leisure Properties by 7.4% in the 1st quarter. iA Global Asset Management Inc. now owns 10,898 shares of the real estate investment trust’s stock worth $484,000 after acquiring an additional 750 shares in the last quarter. MQS Management LLC purchased a new stake in Gaming and Leisure Properties in the 1st quarter worth approximately $232,000. Lansforsakringar Fondforvaltning AB publ raised its stake in Gaming and Leisure Properties by 2.4% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 87,778 shares of the real estate investment trust’s stock worth $3,895,000 after acquiring an additional 2,063 shares during the period. Finally, Louisiana State Employees Retirement System bought a new stake in Gaming and Leisure Properties during the 1st quarter worth approximately $3,643,000. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Price Performance

Shares of Gaming and Leisure Properties stock opened at $43.95 on Friday. The stock has a 50 day moving average of $46.73 and a 200 day moving average of $46.32. Gaming and Leisure Properties, Inc. has a 12 month low of $41.17 and a 12 month high of $49.95. The firm has a market cap of $12.46 billion, a PE ratio of 13.95, a PEG ratio of 1.89 and a beta of 0.66. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 1.62.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.82 EPS for the quarter, topping 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 business had revenue of $419.99 million during the quarter, compared to analysts’ expectations of $417.15 million. During the same period last year, the company posted $0.96 EPS. The business’s 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. On average, research analysts expect that Gaming and Leisure Properties, Inc. will post 4 EPS for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a $0.82 dividend. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. This represents a $3.28 annualized dividend and a yield of 7.5%. The ex-dividend date was Friday, June 12th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 104.13%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Barclays lifted their target price 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. Weiss Ratings cut Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 17th. UBS Group set a $49.00 price objective on Gaming and Leisure Properties in a research report on Thursday, June 18th. Scotiabank dropped their price objective on Gaming and Leisure Properties from $52.00 to $49.00 and set a “sector perform” rating for the company in a research note on Thursday, June 18th. Finally, JPMorgan Chase & Co. dropped their price objective on Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating for the company in a research note on Tuesday. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $52.00.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total transaction of $144,960.00. Following the sale, the director directly owned 127,429 shares of the company’s stock, valued at $6,157,369.28. The trade was a 2.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.11% 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.