Bank of New York Mellon Corp Decreases Holdings in Gaming and Leisure Properties, Inc. $GLPI

Bank of New York Mellon Corp reduced its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 1.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,576,724 shares of the real estate investment trust’s stock after selling 32,598 shares during the period. Bank of New York Mellon Corp’s holdings in Gaming and Leisure Properties were worth $114,329,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in GLPI. First Trust Advisors LP raised its holdings in shares of Gaming and Leisure Properties by 78.7% during the 2nd quarter. First Trust Advisors LP now owns 283,963 shares of the real estate investment trust’s stock valued at $13,255,000 after buying an additional 125,098 shares during the period. Cerity Partners LLC boosted its holdings in Gaming and Leisure Properties by 18.6% in the 2nd quarter. Cerity Partners LLC now owns 10,233 shares of the real estate investment trust’s stock worth $478,000 after acquiring an additional 1,608 shares during the period. Bank of Nova Scotia boosted its holdings in Gaming and Leisure Properties by 16.6% in the 2nd quarter. Bank of Nova Scotia now owns 18,603 shares of the real estate investment trust’s stock worth $868,000 after acquiring an additional 2,646 shares during the period. AXA S.A. grew its position in Gaming and Leisure Properties by 478.5% in the second quarter. AXA S.A. now owns 39,543 shares of the real estate investment trust’s stock valued at $1,846,000 after acquiring an additional 32,708 shares in the last quarter. Finally, Squarepoint Ops LLC grew its position in Gaming and Leisure Properties by 276.2% in the second quarter. Squarepoint Ops LLC now owns 70,459 shares of the real estate investment trust’s stock valued at $3,289,000 after acquiring an additional 51,731 shares in the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GLPI has been the topic of a number of recent research reports. Weiss Ratings cut shares of Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. Scotiabank lowered their price target on shares of Gaming and Leisure Properties from $52.00 to $49.00 and set a “sector perform” rating for the company in a report on Thursday, June 18th. Morgan Stanley lifted their price target on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. Wells Fargo & Company cut their price objective on shares of Gaming and Leisure Properties from $48.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. Finally, Stifel Nicolaus set a $50.00 price objective on shares of Gaming and Leisure Properties in a research report on Friday, April 24th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Gaming and Leisure Properties presently has a consensus rating of “Moderate Buy” and an average target price of $51.55.

Gaming and Leisure Properties Price Performance

GLPI stock opened at $44.66 on Tuesday. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties, Inc. has a 52-week low of $41.17 and a 52-week high of $49.95. The stock’s 50 day moving average is $45.85 and its two-hundred day moving average is $46.25. The company has a market capitalization of $12.66 billion, a PE ratio of 14.18, a P/E/G ratio of 1.94 and a beta of 0.66.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating 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%.Gaming and Leisure Properties’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. Analysts predict that Gaming and Leisure Properties, Inc. will post 4.01 earnings per share for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a $0.82 dividend. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. This represents a $3.28 annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend was Friday, June 12th. Gaming and Leisure Properties’s dividend payout ratio is currently 104.13%.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the stock in a transaction 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 transaction, the director directly owned 127,429 shares in the company, valued at $6,157,369.28. This represents a 2.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.11% of the stock is owned by corporate insiders.

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.