Victory Capital Management Inc. Acquires 28,843 Shares of Gaming and Leisure Properties, Inc. $GLPI

Victory Capital Management Inc. increased its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 2.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,182,228 shares of the real estate investment trust’s stock after acquiring an additional 28,843 shares during the quarter. Victory Capital Management Inc.’s holdings in Gaming and Leisure Properties were worth $55,104,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Spire Wealth Management increased its holdings in Gaming and Leisure Properties by 62.3% during the third 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 last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Gaming and Leisure Properties by 89.3% in 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 in the last quarter. Quent Capital LLC bought a new position in Gaming and Leisure Properties in the 3rd quarter worth $31,000. Bayforest Capital Ltd lifted its position in Gaming and Leisure Properties by 412.1% during the third quarter. Bayforest Capital Ltd now owns 676 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 544 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in Gaming and Leisure Properties during the second quarter valued at about $39,000. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Stock Down 0.9%

Shares of GLPI opened at $48.91 on Friday. The business’s 50 day moving average is $46.16 and its 200 day moving average is $45.63. 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, Inc. has a 12-month low of $41.17 and a 12-month high of $52.24. The company has a market capitalization of $13.85 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 2.72 and a beta of 0.64.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $0.99 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $407.03 million during the quarter, compared to the consensus estimate of $406.02 million. During the same period in the prior year, the company posted $0.95 EPS. The firm’s revenue for the quarter 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. Research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be given a dividend of $0.78 per share. The ex-dividend date is Friday, March 13th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.4%. Gaming and Leisure Properties’s dividend payout ratio is currently 107.22%.

Analyst Ratings Changes

Several research analysts have recently commented on GLPI shares. Morgan Stanley raised their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 24th. Royal Bank Of Canada increased their target price on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. UBS Group restated a “buy” rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 8th. Barclays lifted their price target on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 22nd. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $51.95.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, CFO Desiree A. Burke sold 9,804 shares of Gaming and Leisure Properties 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 sale, the chief financial officer directly owned 128,352 shares in the company, valued at approximately $6,291,815.04. The trade was a 7.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Steven Ladany sold 18,000 shares of Gaming and Leisure Properties stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $44.77, for a total transaction of $805,860.00. Following the completion of the sale, the senior vice president owned 65,099 shares in the company, valued at approximately $2,914,482.23. This represents a 21.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 69,042 shares of company stock valued at $3,203,844. Insiders own 4.26% of the company’s stock.

Gaming and Leisure Properties Company 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.