Corient Private Wealth LLC Acquires 12,627 Shares of Gaming and Leisure Properties, Inc. $GLPI

Corient Private Wealth LLC grew its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 66.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 31,581 shares of the real estate investment trust’s stock after buying an additional 12,627 shares during the quarter. Corient Private Wealth LLC’s holdings in Gaming and Leisure Properties were worth $1,416,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new position in shares of Gaming and Leisure Properties during the fourth quarter valued at approximately $29,000. SHP Wealth Management bought a new stake in Gaming and Leisure Properties in the fourth quarter valued at $30,000. International Assets Investment Management LLC purchased a new position in Gaming and Leisure Properties during the 4th quarter valued at $31,000. True Wealth Design LLC increased its position in shares of Gaming and Leisure Properties by 238.3% during the fourth quarter. True Wealth Design LLC now owns 866 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 610 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake 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 worth $41,000 after buying an additional 460 shares in the last quarter. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Price Performance

GLPI opened at $44.53 on Wednesday. The stock has a 50-day moving average price of $46.87 and a 200-day moving average price of $46.30. The company has a debt-to-equity ratio of 1.62, a current ratio of 6.29 and a quick ratio of 6.29. The firm has a market cap of $12.62 billion, a PE ratio of 14.14, a P/E/G ratio of 1.98 and a beta of 0.66. Gaming and Leisure Properties, Inc. has a 1 year low of $41.17 and a 1 year high of $49.95.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.82 EPS for the quarter, beating the consensus estimate of $0.76 by $0.06. The company had revenue of $419.99 million for the quarter, compared to the consensus estimate of $417.15 million. Gaming and Leisure Properties had a net margin of 55.56% and a return on equity of 18.06%. Gaming and Leisure Properties’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. Sell-side 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 announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were paid a dividend of $0.82 per share. The ex-dividend date was Friday, June 12th. This represents a $3.28 annualized dividend and a yield of 7.4%. 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 (DPR) is 104.13%.

Analysts Set New Price Targets

Several analysts have weighed in on GLPI shares. Weiss Ratings cut Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. UBS Group set a $49.00 price target on Gaming and Leisure Properties in a research report on Thursday, June 18th. Mizuho increased their price objective on Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. Barclays boosted their target price 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, Stifel Nicolaus set a $50.00 price target on shares of Gaming and Leisure Properties in a research note on Friday, April 24th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Gaming and Leisure Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

Insider Activity at Gaming and Leisure Properties

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

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.