Exchange Traded Concepts LLC Purchases 118,885 Shares of Gaming and Leisure Properties, Inc. $GLPI

Exchange Traded Concepts LLC lifted its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 252.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 165,974 shares of the real estate investment trust’s stock after buying an additional 118,885 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Gaming and Leisure Properties were worth $7,417,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Spire Wealth Management raised its holdings in Gaming and Leisure Properties by 62.3% in the 3rd 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. Kestra Private Wealth Services LLC boosted its position in Gaming and Leisure Properties by 0.9% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 27,307 shares of the real estate investment trust’s stock worth $1,273,000 after buying an additional 245 shares during the period. Securian Asset Management Inc. grew its holdings in Gaming and Leisure Properties by 1.3% during the 3rd quarter. Securian Asset Management Inc. now owns 21,195 shares of the real estate investment trust’s stock worth $988,000 after acquiring an additional 265 shares during the last quarter. Apella Capital LLC grew its holdings in Gaming and Leisure Properties by 4.8% during the 3rd quarter. Apella Capital LLC now owns 5,904 shares of the real estate investment trust’s stock worth $263,000 after acquiring an additional 273 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Gaming and Leisure Properties by 9.2% in the 4th quarter. GAMMA Investing LLC now owns 3,278 shares of the real estate investment trust’s stock valued at $146,000 after acquiring an additional 277 shares during the period. Institutional investors and hedge funds own 91.14% of the company’s stock.

Insiders Place Their Bets

In other news, COO Brandon John Moore sold 16,884 shares of Gaming and Leisure Properties stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $48.05, for a total value of $811,276.20. Following the completion of the transaction, the chief operating officer directly owned 257,874 shares of the company’s stock, valued at approximately $12,390,845.70. This trade represents a 6.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director E Scott Urdang sold 4,000 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $47.37, for a total value of $189,480.00. Following the completion of the transaction, the director directly owned 130,429 shares in the company, valued at $6,178,421.73. This represents a 2.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 69,042 shares of company stock valued at $3,203,844. 4.26% of the stock is currently owned by insiders.

Gaming and Leisure Properties Price Performance

Gaming and Leisure Properties stock opened at $43.93 on Monday. The firm has a market cap of $12.44 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 1.96 and a beta of 0.64. Gaming and Leisure Properties, Inc. has a 52-week low of $41.17 and a 52-week high of $51.44. The company has a debt-to-equity ratio of 1.45, a quick ratio of 3.84 and a current ratio of 3.84. The firm has a 50 day moving average price of $46.73 and a two-hundred day moving average price of $45.49.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. Gaming and Leisure Properties had a net margin of 52.24% and a return on equity of 17.10%. The company had revenue of $407.03 million for the quarter, compared to analyst estimates of $406.02 million. During the same period in the prior year, the firm posted $0.95 EPS. The company’s quarterly 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. Equities analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.12 dividend on an annualized basis and a yield of 7.1%. Gaming and Leisure Properties’s dividend payout ratio is 107.22%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GLPI shares. JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and raised their price target for the company from $52.00 to $53.00 in a research note on Friday, December 12th. Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 22nd. Stifel Nicolaus set a $48.50 target price on Gaming and Leisure Properties in a research report on Thursday, February 12th. Morgan Stanley lifted their target price on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 24th. Finally, Royal Bank Of Canada upped their price target on Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Gaming and Leisure Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.32.

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.