Bank of New York Mellon Corp Sells 358,345 Shares of Gaming and Leisure Properties, Inc. $GLPI

Bank of New York Mellon Corp trimmed its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 12.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,609,322 shares of the real estate investment trust’s stock after selling 358,345 shares during the quarter. Bank of New York Mellon Corp’s holdings in Gaming and Leisure Properties were worth $116,611,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in Gaming and Leisure Properties during the fourth quarter worth $29,000. International Assets Investment Management LLC acquired a new stake in shares of Gaming and Leisure Properties in the 4th quarter worth about $31,000. True Wealth Design LLC raised its holdings 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 worth $39,000 after acquiring an additional 610 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in 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 acquiring an additional 460 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Gaming and Leisure Properties by 48.2% during 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. Institutional investors own 91.14% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Mizuho boosted 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. Royal Bank Of Canada lifted their target price 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. Weiss Ratings upgraded Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 15th. Stifel Nicolaus set a $50.00 price target on Gaming and Leisure Properties in a research report on Friday, April 24th. Finally, Scotiabank raised their price objective on Gaming and Leisure Properties from $50.00 to $52.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 12th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Gaming and Leisure Properties has an average rating of “Moderate Buy” and a consensus target price of $52.89.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI opened at $47.17 on Monday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 6.29 and a current ratio of 6.29. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.17 and a fifty-two week high of $49.95. The stock has a market cap of $13.37 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 2.04 and a beta of 0.66. The stock has a fifty day moving average of $46.76 and a 200-day moving average of $45.93.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. The business had revenue of $419.99 million for the quarter, compared to analysts’ expectations of $417.15 million. Gaming and Leisure Properties had a return on equity of 18.06% and a net margin of 55.56%.The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter 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. Equities research analysts anticipate that Gaming and Leisure Properties, Inc. will post 4 earnings per share for the current year.

Gaming and Leisure Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a 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 payout ratio is 99.05%.

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.