Dockside LLC Purchases Shares of 37,570 Gaming and Leisure Properties, Inc. $GLPI

Dockside LLC purchased a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the fourth quarter, Holdings Channel reports. The firm purchased 37,570 shares of the real estate investment trust’s stock, valued at approximately $1,679,000.

A number of other large investors have also recently bought and sold shares of GLPI. V Square Quantitative Management LLC bought a new stake in Gaming and Leisure Properties in the fourth quarter valued at $29,000. International Assets Investment Management LLC bought a new stake in Gaming and Leisure Properties in the fourth quarter valued at $31,000. True Wealth Design LLC grew its position in Gaming and Leisure Properties by 238.3% in the fourth quarter. True Wealth Design LLC now owns 866 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 610 shares during the period. EverSource Wealth Advisors LLC grew its position in Gaming and Leisure Properties by 107.7% in the third quarter. EverSource Wealth Advisors LLC now owns 887 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 460 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in Gaming and Leisure Properties by 48.2% in the third quarter. Smartleaf Asset Management LLC now owns 1,212 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 394 shares during the period. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Price Performance

Gaming and Leisure Properties stock opened at $47.47 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 6.29 and a current ratio of 6.29. The firm has a market cap of $13.45 billion, a P/E ratio of 15.07, a P/E/G ratio of 2.05 and a beta of 0.66. The business’s fifty day moving average is $47.09 and its two-hundred day moving average is $46.07. Gaming and Leisure Properties, Inc. has a 52 week low of $41.17 and a 52 week high of $49.95.

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, topping analysts’ consensus estimates of $0.76 by $0.06. The company had revenue of $419.99 million for the quarter, compared to analyst estimates of $417.15 million. Gaming and Leisure Properties had a return on equity of 18.06% and a net margin of 55.56%.The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. Equities research analysts forecast that Gaming and Leisure Properties, Inc. will post 4 earnings per share for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be paid 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 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Friday, June 12th. Gaming and Leisure Properties’s payout ratio is presently 99.05%.

Insider Activity

In other news, Director E Scott Urdang sold 3,000 shares of the company’s stock in a transaction 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 transaction, the director owned 127,429 shares of the company’s stock, valued at $6,157,369.28. This represents 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 company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Barclays upped their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Stifel Nicolaus set a $50.00 price target on Gaming and Leisure Properties in a research report on Friday, April 24th. Scotiabank upped their price target on Gaming and Leisure Properties from $50.00 to $52.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 12th. Mizuho boosted their price objective on 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. Finally, Weiss Ratings raised Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 15th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Gaming and Leisure Properties currently has a consensus rating of “Moderate Buy” and an average target price of $52.89.

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.