140 Summer Partners LP Acquires New Position in Gaming and Leisure Properties, Inc. $GLPI

140 Summer Partners LP acquired a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,818,562 shares of the real estate investment trust’s stock, valued at approximately $81,272,000. Gaming and Leisure Properties comprises about 6.0% of 140 Summer Partners LP’s investment portfolio, making the stock its 8th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of GLPI. V Square Quantitative Management LLC purchased a new position in shares of Gaming and Leisure Properties in the 4th quarter valued at approximately $29,000. International Assets Investment Management LLC purchased a new position in shares of Gaming and Leisure Properties in the 4th quarter valued at approximately $31,000. True Wealth Design LLC raised its position in shares of Gaming and Leisure Properties by 238.3% in the 4th quarter. True Wealth Design LLC now owns 866 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 610 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Gaming and Leisure Properties by 107.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 887 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 460 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Gaming and Leisure Properties by 48.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,212 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 394 shares during the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on GLPI shares. Weiss Ratings raised shares of Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 15th. Barclays increased their price objective on shares of 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. Mizuho increased their price objective on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a research report on Wednesday, March 11th. Scotiabank increased their price objective on shares of 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. Finally, Royal Bank Of Canada increased their price target 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. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $52.89.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total transaction of $144,960.00. Following the sale, the director owned 127,429 shares of the company’s stock, valued at $6,157,369.28. This trade represents a 2.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.11% of the stock is owned by insiders.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI opened at $46.73 on Wednesday. Gaming and Leisure Properties, Inc. has a twelve month low of $41.17 and a twelve month high of $49.95. The company’s 50 day moving average is $47.18 and its 200 day moving average is $46.14. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 1.62. The company has a market cap of $13.24 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 2.02 and a beta of 0.66.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $419.99 million for the quarter, compared to the consensus estimate of $417.15 million. During the same quarter in the prior year, the company earned $0.96 EPS. Gaming and Leisure Properties’s quarterly 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, sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 4 EPS for the current year.

Gaming and Leisure Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 7.0%. 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 104.13%.

About Gaming and Leisure Properties

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.