Allstate Corp Increases Stake in Gaming and Leisure Properties, Inc. $GLPI

Allstate Corp grew its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 381.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 84,537 shares of the real estate investment trust’s stock after buying an additional 66,969 shares during the quarter. Allstate Corp’s holdings in Gaming and Leisure Properties were worth $3,778,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Clearstead Advisors LLC raised its position in Gaming and Leisure Properties by 379.5% during the 4th quarter. Clearstead Advisors LLC now owns 1,587 shares of the real estate investment trust’s stock worth $71,000 after buying an additional 1,256 shares during the last quarter. Legal & General Group Plc raised its position in Gaming and Leisure Properties by 11.2% during the 4th quarter. Legal & General Group Plc now owns 2,186,483 shares of the real estate investment trust’s stock worth $97,714,000 after buying an additional 219,933 shares during the last quarter. New Age Alpha Advisors LLC raised its position in Gaming and Leisure Properties by 178.0% during the 4th quarter. New Age Alpha Advisors LLC now owns 71,844 shares of the real estate investment trust’s stock worth $3,211,000 after buying an additional 46,005 shares during the last quarter. Systematic Financial Management LP raised its position in Gaming and Leisure Properties by 181.4% during the 4th quarter. Systematic Financial Management LP now owns 25,712 shares of the real estate investment trust’s stock worth $1,149,000 after buying an additional 16,575 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Gaming and Leisure Properties by 287.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,438 shares of the real estate investment trust’s stock worth $154,000 after buying an additional 2,551 shares during the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Royal Bank Of Canada upped their price objective on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Mizuho increased their price target on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a report on Wednesday, March 11th. Weiss Ratings upgraded shares of Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 15th. Barclays increased 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 Tuesday, April 21st. Finally, Scotiabank increased their price target on shares of Gaming and Leisure Properties from $50.00 to $52.00 and gave the company a “sector perform” rating in a report on Tuesday, May 12th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.50.

Insider Buying and Selling

In related news, CFO Desiree A. Burke sold 9,804 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $6,291,815.04. This represents a 7.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.11% of the company’s stock.

Gaming and Leisure Properties Stock Performance

Shares of GLPI opened at $47.76 on Thursday. The company has a 50-day simple moving average of $46.73 and a 200-day simple moving average of $45.84. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $13.54 billion, a PE ratio of 15.16, a P/E/G ratio of 2.07 and a beta of 0.68. 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 issued 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. The firm had revenue of $419.99 million for the quarter, compared to analysts’ expectations of $417.15 million. Gaming and Leisure Properties had a net margin of 55.56% and a return on equity of 18.06%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.96 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. Equities research analysts predict 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. Investors of record on Friday, June 12th will be paid a $0.82 dividend. 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. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. Gaming and Leisure Properties’s dividend payout ratio is currently 99.05%.

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.